Anaisomari
Sunday, May 28, 2023
Ledger - Crypto Beginners Pack
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop
No Result
View All Result
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop
No Result
View All Result
Anaisomari
No Result
View All Result

Crypto community estimates 70% upside for Polkadot by September 30, 2022

October 1, 2022
in Polkadot
0

Disclaimer: The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices.

Polkadot (DOT), which ranks among the most energy-efficient cryptocurrency projects, has recorded sluggish price movement in recent weeks amid the ongoing bear market. 

However, investors in the asset are looking forward to a resurgence in value based on factors like continued network development. 

In particular, the CoinMarketCap crypto community predicts that DOT will trade at an average price of $11.81 by the end of September 2022. The figure represents a growth of about 69% from the DOT’s price at the time of publishing with the projection based on votes by 1,231 community members using the ‘price estimate’ feature. 

DOT crypto community price prediction. Source: CoinMarketCap

DOT price analysis

Despite the bullish sentiment among DOT community members, the monthly chart has remained mainly in the red zone, in correlation with the general crypto market. By press time, the token was trading at $6.98, dropping almost 3% in the last 24 hours. 

It is worth mentioning that DOT has attempted to make minor gains in recent weeks, but it was not enough to beat the bears. 

DOT one-month price chart. Source: CoinMarketCap

Ideally, the 11th-ranked cryptocurrency by the market cap is banking on receiving a boost from ongoing developments to make the network more efficient. 

Furthermore, DOT is expecting an uptick in development activity, which would indicate increasing interest from developers in the blockchain, boosting the network’s credibility. 

DOT development activity 

In this line, as reported by Finbold on August 23, Polkadot ranked in the second position among crypto projects, with the most development activity in the last 30 days at 400. The network trailed Ethereum (ETH), ranked top with 401 projects over the same period. 

At the same time, the Polkadot team recently announced the deployment of a new parachain in partnership with ParityTech. If the parachain turns out successful, the Polkadot community will be able to govern without necessarily waiting for longer periods for approval from outside parties.

Overall, the bullishness from investors may indicate DOT is undergoing increased interest and momentum. On the flip side, the momentum around the asset does not appear deterred by the recent hack that impacted Acala, the decentralized hub of the Polkadot network. The hack was promoted as passing an urgent vote to pause operations. 

Notably, Acala is the default stablecoin for the Polkadot and Kusama networks. Through the incident, hackers managed to steal about 1.3 billion tokens for free.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.



This news is republished from another source.


Previous Post

As Terra and LUNC Bends To Don Kwon Arrest Notice, Investors Are Buying Bitgert

Next Post

Dogecoin Price Prediction for October 2022 – Coinpedia Fintech News

Next Post

Dogecoin Price Prediction for October 2022 - Coinpedia Fintech News


Name Price
bitcoin
Bitcoin (BTC)
$27,594.00
ethereum
Ethereum (ETH)
$1,850.81
USDEX
USDEX (USDEX)
$1.08
tether
Tether (USDT)
$1.00
binancecoin
BNB (BNB)
$309.38
usd-coin
USD Coin (USDC)
$1.00
ripple
XRP (XRP)
$0.478386
cardano
Cardano (ADA)
$0.378645
staked-ether
Lido Staked Ether (STETH)
$1,851.32
dogecoin
Dogecoin (DOGE)
$0.073020


Crypto News

Pepe Coin Loses Hype to Bitgert as Most Trending Crypto of 2023 – Analytics Insight

May 28, 2023

Crypto.com arena future uncertain after FTX collapse – Avorak AI … – Analytics Insight

May 28, 2023

Blue Wallet: The Cryptocurrency Wallet Now Available Cross Platform – Digital Journal

May 28, 2023

Bitcoin

Gold and Bitcoin: The Ultimate Winners of the Fed's End Game? – Blockworks

May 28, 2023

No Result
View All Result

Pages

  • Latest Crypto News
  • Live Rates
  • Privacy Policy
  • Shop
  • Terms of Service

Tether

Tether (USDT): How Risky is It Sunday? – InvestorsObserver

May 28, 2023

Solana

I asked ChatGPT where Solana will be by year end, the chatbot said… – AMBCrypto News

May 28, 2023

Solana price prints a bull trap for investors, 25% losses in sight for SOL – FXStreet

May 28, 2023

Advertisement

  • Latest Crypto News
  • Shop
  • Privacy Policy
  • Terms of Service

© 2022 Anaisomari.com

Knife Sharpening in North Vancouver

No Result
View All Result
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop

© 2022 Anaisomari.com

Knife Sharpening in North Vancouver

  • bitcoinBitcoin(BTC)$27,594.003.22%
  • ethereumEthereum(ETH)$1,850.811.49%
  • USDEXUSDEX(USDEX)$1.080.27%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$309.381.50%
  • usd-coinUSD Coin(USDC)$1.000.03%
  • rippleXRP(XRP)$0.4783861.69%
  • cardanoCardano(ADA)$0.3786453.89%
  • staked-etherLido Staked Ether(STETH)$1,851.321.64%
  • dogecoinDogecoin(DOGE)$0.0730201.88%
  • matic-networkPolygon(MATIC)$0.931.24%
  • solanaSolana(SOL)$20.805.94%
  • tronTRON(TRX)$0.0772350.73%
  • polkadotPolkadot(DOT)$5.442.46%
  • litecoinLitecoin(LTC)$90.032.12%
  • binance-usdBinance USD(BUSD)$1.00-0.10%
  • shiba-inuShiba Inu(SHIB)$0.0000092.46%
  • avalanche-2Avalanche(AVAX)$14.671.97%
  • daiDai(DAI)$1.000.00%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,607.003.18%
  • uniswapUniswap(UNI)$5.071.46%
  • chainlinkChainlink(LINK)$6.542.22%
  • leo-tokenLEO Token(LEO)$3.561.37%
  • cosmosCosmos Hub(ATOM)$10.732.18%
  • ToncoinToncoin(TON)$1.930.75%
  • okbOKB(OKB)$47.291.71%
  • moneroMonero(XMR)$154.962.76%
  • ethereum-classicEthereum Classic(ETC)$18.341.45%
  • stellarStellar(XLM)$0.0884080.68%
  • bitcoin-cashBitcoin Cash(BCH)$114.731.42%
  • internet-computerInternet Computer(ICP)$4.931.53%
  • true-usdTrueUSD(TUSD)$1.000.04%
  • filecoinFilecoin(FIL)$4.593.13%
  • lido-daoLido DAO(LDO)$2.044.01%
  • AptosAptos(APT)$8.483.83%
  • hedera-hashgraphHedera(HBAR)$0.0533302.33%
  • ArbitrumArbitrum(ARB)$1.213.85%
  • crypto-com-chainCronos(CRO)$0.0606461.07%
  • quant-networkQuant(QNT)$104.313.50%
  • nearNEAR Protocol(NEAR)$1.653.51%
  • vechainVeChain(VET)$0.0202263.41%
  • GGTKNGGTKN(GGTKN)$0.1148367.24%
  • apecoinApeCoin(APE)$3.271.70%
  • algorandAlgorand(ALGO)$0.1528820.94%
  • the-graphThe Graph(GRT)$0.1214351.89%
  • the-sandboxThe Sandbox(SAND)$0.567.27%
  • paxos-standardPax Dollar(USDP)$1.00-0.05%
  • fraxFrax(FRAX)$1.000.19%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • eosEOS(EOS)$0.902.72%