DOT News on 6/1/2021
1) DOT ETP Launched in Europe on Swedish Stock Market (Grayscale is next)
https://cointelegraph.com/news/polkadot-etp-hits-swedish-stock-market
2) $USDT announces it will be first stablecoin launching on $DOT & $KSM ecosystems
https://tether.to/tether-usdt-to-launch-on-polkadot/
3) Westmine successful on DOT's shell parachain!
https://twitter.com/joepetrowski/status/1399789325756338176
4) Kusama upgrading shell to Statemine!
(Same link as above)
Conclusion
Considering that the first 5 auctions on Kusama will roll out every 7 days once the schedule is announced any day - we should see DOT rolling out its first parachain in July... which is amazing considering the best estimates had this pegged at year end for PolkaDot - this is a huge shift in expectations and not many are pricing this in just yet.
Technicals
We're getting a bullish MACD daily cross and the EMA ribbons on 4H are decidedly turning bullish as the 20 is crossing the 34 4H EMA right now as we speak! .... it's especially bullish b/c this is happening the same time that we are getting a bullish cross in the daily MACD.... next up will be the 20 EMA crossing the 55 and the 34 crossing above the 55... DOT is looking more amazing every day on TA and is aligning amazingly well with fundamentals - still not too late to buy.
"Composable Finance is seeking to enhance DeFi synchronicity via a two-pronged approach to interoperability on both Ethereum and Polkadot, with the latter forming a basis for further cross-chain interactions."
cointelegraph.com/ne...efi-interoperability