• News
    • Bitcoin
    • Altcoins
    • Regulation
    • Blockchain
    • Scam
  • DeFi Zone
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Market Cap
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
Crypto World VisionCrypto World Vision
  • News
    • Bitcoin
    • Altcoins
    • Regulation
    • Blockchain
    • Scam
  • DeFi Zone
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Market Cap
Crypto World VisionCrypto World Vision
Home»Altcoins»Polkadot investors may need to hold on to their seats to avoid DOT-induced losses
Altcoins

Polkadot investors may need to hold on to their seats to avoid DOT-induced losses

2022-10-17No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Polkadot [DOT] just lately printed its weekly digest the place the blockchain talked about all the main developments that befell on the blockchain. One of many main updates was the mixing of Polkadot with the Qredo Community.

With this new integration, customers of that blockchain will be capable to retailer property effectively on Qredo Community and – from their Qredo Pockets – seamlessly swap property throughout different supported chains utilizing atomic swaps. 

🔹@Bitgreen_ wins Polkadot’s twenty ninth public sale and @DAO_IPCI has gained the fifty fifth Kusama public sale;
🔹 $DOT is built-in into @QredoNetwork;
🔹@AstarNetwork has launched Tech Talks;
🔹New @InterlayHQ<>Astar HRMP channels;
🔹@renprotocol helps @MoonbeamNetwork.https://t.co/7zdfhxPinq

— Polkadot Information ☮️ (@polkadotnews) October 16, 2022

Nonetheless this improvement didn’t mirror on DOT’s chart as in keeping with CoinMarketCap, its worth went down by over 3% within the final seven days. At press time, DOT was buying and selling at $6.18 with a market capitalization of over $6.9 billion. Nonetheless, the worst is but to return! ____________________________________________________________________________________

Right here’s AMBCrypto’s Worth Prediction for Polkadot [DOT] for 2023-24

____________________________________________________________________________________

Buyers, hold your eye on the ‘DOT’

DOT’s on-chain metrics indicated that traders may need really feel the warmth of DOT’s worth motion. This was as a result of issues didn’t look fairly promising for the token. As an example, DOT’s improvement exercise went down final week, which was a pink flag for the blockchain. Moreover, DOT‘s quantity additionally adopted an identical path and decreased over the previous few days. 

Supply: Santiment

Nonetheless, DOT’s NFT area witnessed some aid because it registered a hike within the whole variety of NFT commerce counts final week. However, this quantity too witnessed a decline together with the whole NFT commerce volumes in USD. DOT’s social quantity, however, witnessed a spike to remain. 

Supply: Santiment

Are the bears profitable? 

A take a look at DOT’s every day chart revealed that the bears had an edge available in the market. This was as a result of the 20-day Exponential Transferring Common (EMA0 was resting means beneath the 55 day EMA, which was a unfavourable sign.

See also  Decoding Cardano's [ADA] weekly report for you to avoid losses

Furthermore, DOT’s Relative Power Index (RSI) additionally registered a downtick and was heading in the direction of the oversold zone, yet one more bearish sign which will prohibit DOT’s worth uptick within the quick time period.

Nonetheless, the Transferring Common Convergence Divergence (MACD) registered a bullish crossover currently. Curiously, DOT’s Chaikin Cash Movement (CMF) additionally went up just lately, giving hope to traders for higher days to return. 

Supply: TradingView



Source link

avoid DOTinduced hold investors losses Polkadot seats
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gauging Ethereum’s [ETH] increasing deflationary pressure amid Shapella preparation

2023-03-29

Stellar Lumens [XLM] surges past two-month resistance, breaches $0.1

2023-03-29

Bitcoin Records 72% Gain In 2023: BTC Price Surpasses ETH, Gold & NASDAQ

2023-03-29

The Sandbox [SAND]: Whales move away – are these changes the reason

2023-03-29
Add A Comment

Leave A Reply Cancel Reply

Top Posts

What Is a Decentralized Exchange (DEX), and How Do DEXs Work?

2023-02-17

Federal Prosecutors and SEC Probing Crypto Titan Digital Currency Group: Report

2023-01-08

AllianceBlock Partners with ARTBANX Collections Management Ecosystem

2023-01-20

Subscribe to Updates

Get the latest news and Update from Crypto World Division about Crypto, Metaverse, NFT and more.

Editors Picks

Polkadot Enters the Music Scene with Beatport Partnership

2023-03-17

Shiba Inu Developer Hints at New Interactive Features on Shib Eternity

2023-03-02

After CryptoPunk NFT Copies Are Minted as Bitcoin Ordinals, Will Bored Apes Follow Suit?

2023-02-09

Lido DAO’s LDO officially launches on Coinbase- What this means for investors

2022-11-17

Crypto World Vision
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptoworldvision.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$23,418.000.75%
  • ethereumEthereum(ETH)$1,640.732.33%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.10%
  • binancecoinBNB(BNB)$305.200.68%
  • usd-coinUSD Coin(USDC)$1.00-0.02%
  • rippleXRP(XRP)$0.374110-0.89%
  • okbOKB(OKB)$52.010.03%
  • cardanoCardano(ADA)$0.363892-0.29%
  • matic-networkPolygon(MATIC)$1.25-2.49%