Key stats
Market capitalization
5.97BUSD
Fully diluted market cap
6.618BUSD
Trading volume 24h
111.661MUSD
Circulating supply
1.192B
About Polkadot
Launched in 2020, Polkadot is sometimes described as a ‘layer-0’ blockchain as it hosts an ecosystem of blockchains. It’s a ‘parachain’ protocol — which, put simply, means it allows for ease of communication between separate cryptocurrencies. Founder Dr. Gavin Wood (formerly the CTO of Ethereum) sees Polkadot as synonymous with the web3 and its decentralized makeup, which is pretty unsurprising given he literally coined the term in 2014. Its native token DOT is used for staking, governance, and ‘bonding’ — the act of bonding DOT tokens with new chains on the network.
DOTThe graph on Polkadot has already given the bulls a chance, created the Triple Bottom, the graph could no longer give the bulls a better boost, unfortunately the bulls surrendered too soon and the bears can soon show their claws.
Not the financial board.
Just for fun.
POLKADOT - 1000% Move Coming!DOT has giving us an EASY trade setup.
The big wave 2 was an irregular FLAT correction, which consisted of an ABC wave (3-3-5 breakdown).
We are now in wave 3 and we've seen subwave 1 and currently in subwave 2. For confirmation of subwave 3, we can wait for the break of red trendline.
Trade Idea
IS "dot" good for investment?The short answer is "not yet!"
The volume of transactions is constantly decreasing.
The rate of price decline has decreased and it will probably enter the accumulation period soon, but till than we have to wait. It seems that the whales still have no desire to enter.
Polkadot - In accumulation phase - Best time to buyPolkadot is in a big accumulation phase. This is when you buy into the ticket and wait. Depending on asset it could take months to years. In this case I would consider years. Eventually it will break up above 12$ and the recovery phase will begin.
Right now polkadot is very undervalued due to whats
DOTUSD 1D UpdateSupport around 5.15
Next important resitance around 5.5 near .786 Fib
If it can close above and hold then we can see move towards 5.7
Seems to hover around 5.2-5.4 past few days
Polkadot Next BullRun- Okay now that we got the Bottom ( 4.3$ ish).
- We can try to calculate the highest points for the next bull run.
- i am not in patterns too much but we can see that DOT formed a kind of Cypher Bullish Pattern.
- A resistance was created around 9.80-10$.
- So Polkadot will have to go retest this z
#dot a price is rejected from support and starts heading towards target this analysis was given earlier
#dotmarket has give succesful breakout and if market gives succesful test our marked levels that is our point of intrest we will be buyers
DOT Fallign EdgeDOT seems to have broken its falling edge and now its using long trend (green) as support.
Hopefully we will see price increase in the next upcoming weeks.
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
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