Biggest Movers: BCH Climbs to 1-Week High, DOT Declines

Bitcoin cash rose to a one-week high in today's session, despite crypto markets mostly trading lower. The global cryptocurrency market cap is down by 2.45% as of writing, which comes as traders reacted to rising geopolitical tensions. Polkadot was a notable token to slip, as prices collided with a key support point.

Timeline of Bitcoin-cash, Polkadot-new

Polkadot price analysis is bearish today, as the cryptocurrency has faced a sharp decline at $5.84 earlier today. The bullish trend was seen battling for dominance throughout the day, however, the $5.83 psychological support level proved to be crucial for DOT, as it ultimately drove the price down.

A new roadmap released for Polkadot and Kusama DOT remained popular in the derivatives market and the crypto community  The last few weeks were not quite impressive for most of the cryptos, as they failed to register upticks due to the bearish market condition.

The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion The market structure was bearish for BCH on higher timeframes A move past $110 toward $115 would likely be a place of interest for bulls and bears Over the past two days, Bitcoin has

Polkadot ($DOT), a network that is often described as a “blockchain of blockchains” that allows users to launch and operate their own blockchain on top of the main Polkadot blockchain, has seen its active user numbers surge 300% amid an ongoing cryptocurrency market rout.

Polkadot recorded immense growth in new and active accounts over the past two weeks  The sharded protocol's development activity surged amid a recent DOT hike but the crypto is less likely to improve the performance Polkadot [DOT], in its latest round-up of the past week activities, announced that new accounts on its chain multiplied ten

The Caribbean island nation's prime minister said that the country is looking into becoming the third nation, after El Salvador and the Central African Republic, to adopt a cryptocurrency.

Polkadot price analysis shows that the cryptocurrency is going strong with a bullish momentum with a potential of hitting the $5.92 mark in the near future. The support level for DOT/USD is at $5.70, and breaking below this level could increase market volatility.

The crypto gaming industry is expected to grow tremendously over the coming decade. Blockchain-based gaming has exploded by 2,000% since Q1 2021, according to Coindesk, and now, investors are seeking to benefit from this budding industry. Two projects at the forefront of Play2Earn and GameFi are Polkadot and Metacade.

Dr. Terrance Drew, the prime minister of dual-island Caribbean country Saint Kitts and Nevis (officially the Federation of Saint Christopher and Nevis), reportedly made the shocking announcement on 12 November 2012.

Polkadot price analysis is bearish today, as we have seen consolidation and failure to recover over the last 24 hours. Therefore, DOT/USD is ready to decline further and push back toward the $5.48 support.