Analyst Thinks DOT Will Reclaim Former Glory With Polkadot 2.0

DOT, the native currency of Polkadot, a smart contract platform, remains under pressure, posting sharp losses after soaring to an all-time high of around $55 in 2021. The coin is trading at about $6, volatile but up roughly 45% from 2022 lows, buoyed by the broader recovery across the crypto scene.

Timeline of Polkadot-new

Polkadot, the groundbreaking blockchain network, is gearing up for a significant shift in its ecosystem with the upcoming introduction of Core Jam and Core Play. These initiatives are not just additions to Polkadot's already impressive repertoire, but they represent a fundamental change in how the network operates.

Polkadot's Development Activity was stable throughout the past week even as DOT's price dropped by 2% in the past 24 hours. The post Why Polkadot failed to make a mark despite high dev activity appeared first on AMBCrypto.

Polkadot's governance reviews a proposal to boost its social influence, addressing low social activity and sentiment concerning the DOT token. The post Will Polkadot remain relevant in the social sector?

In an announcement that has sent ripples through the blockchain community, Parity Technologies, a foundational pillar of the Polkadot ecosystem, has revealed a restructuring plan that involves laying off 30% of its workforce. This move is seen as a strategic effort to sharpen the focus on the core technologies that underpin the Polkadot platform.

The H4 market structure of DOT was bullish, and the OBV was also in a steady ascent since 28 September. However, there was a reason traders could still look for selling opportunities.

Polkadot made some significant developments on the network growth front. An improved performance on the price front could also be a sign for investors to jump on the buying bandwagon.

Developers of the interoperability blockchain Polkadot (DOT) will test a new process that aims to significantly improve the scalability of the network and expand the number of supported parallel chains.

Polkadot (DOT) is making strategic moves to propel its development forward as bearish market conditions continue to cast a shadow over the crypto landscape. In recent weeks, the network has shifted its focus away from speculation, opting instead to double down on its commitment to technological advancement.

Polkadot's latest pursuit of exponential parachain growth aligns with the network's cross-chain efforts. However, will this latest effort push DOT to move in the right direction going against the ongoing sentiment of the market?

Polkadot, a platform aiming to drive blockchain interoperability, wants to increase the number of parachains from 100 to 1,000 in a planned upgrade. The network, which remains one of the most valuable by market cap, has, like most layer 1 networks, suffered from dropping user activity over the past months.