Polkadot (DOT) Co-Founder Gavin Wood Steps Down As Parity CEO To Focus on Strategies for Mass Crypto Adoption

Gavin Wood is stepping down from his position as CEO of Parity, the development firm behind interoperable blockchain Polkadot (DOT). In a new company blog post, Polkadot co-creator Gavin Wood says he's leaving his position to spend more time on making blockchain technology more relevant to the public.

Timeline of Polkadot-new

Polkadot price analysis indicates DOT prices opened the daily chart trading as low as $5.78 and continue to trade in a bearish trend. After the recent market-wide sell-off, the cryptocurrency has not been able to find any buyers at higher levels and has slipped below $5.81.

Polkadot, the blockchain known for a vast number of developments, witnessed an uptick in its volume over the past few days. The blockchain managed to show this kind of growth despite the general FUD surrounding its change in management.

Polkadot price analysis reveals a severely declining approach today; the price has lost most of its lost value. In the last few days, the cost of DOT has received much negative attention and has decreased to a slight degree.

Polkadot, a cryptocurrency ranked 12th in terms of market capitalization, showed massive growth in development activity across its ecosystem. Projects such as Ankr and Linear Finance strengthened DOT's position in the DeFi space.

Polkadot (DOT) is experiencing a sharp price correction for the past days, painting its charts in red as it continues to struggle to find a solid footing and start climbing once again. At press time, tracking from Coingecko shows the crypto is trading at $6.11, going down by 1% over the last seven days, 5.1% for the past two weeks and by 4.6% over the last month.

The cryptocurrency market cap saw net outflows of $3.64 billion since the last wMarket report. The post CryptoSlate Daily wMarket Update – Oct. 19: Polkadot leads stagnant top 10 with marginal 24 hour gains appeared first on CryptoSlate.

The latest data from Santiment revealed that Polkadot [DOT] ranked above Ethereum [ETH] and Solana [SOL] as the blockchain with the highest development activity in the past seven days. While development activity on Ethereum and Solana totaled 78.79 and 67.21, respectively, in the last week, Polkadot logged a development activity index of 3124.

Polkadot (DOT) price is showing bullish reversal signs in both the weekly and daily timeframes. The post Polkadot (DOT) Price Could Make Bullish U-Turn While Kusama (KSM) Price Lags Behind appeared first on BeInCrypto.

Polkadot price analysis shows a bullish trend as the coin has recovered from its intraday low of $6.08 to reach a new high of $6.19. However, this level has acted as resistance for DOT, and prices have pulled back below $6.20.

Currently, there is an adverse market trend in the cryptocurrency space. The majority of cryptocurrencies' values have decreased recently, and some are having trouble maintaining their momentum.