Polkadot now lets you natively send tokens across parachains

With the launch of XCM, Polkadot has achieved its main offering of being of a fully interoperable ecosystem. The post Polkadot now lets you natively send tokens across parachains appeared first on The Block.

Timeline of Polkadot-new

Popular blockchain protocol Polkadot (DOT) has launched its messaging system XCM (cross-consensus messaging) to enable communication between its various parachains and allow assets like non-fungible tokens (NFTs) to be transferred from one chain to another.

Polkadot price analysis for today indicates a range-bound trading setup in the market that has been seen in the last 24 hours. The market sentiment is however bullish as the traders trade at the support trendline of $14.56 to the resistance level of $15.26.

Polkadot [DOT] certainly provided more than its fair share of drama and news during the parachain slot auctions. However, as the excitement dies down and the market struggles to recover from multiple crashes and macro-level setbacks, how has the #14 biggest crypto by market cap been faring?

The Web3 Foundation continues to push the boundaries of crypto and blockchain accessibility. A new partnership with Zondax will bring native Ledger applications to all Polkadot parachain auction winners.

Zondax and the Web3 Foundation will bring more native Ledger apps to the Polkadot ecosystem. All winners of Polkadot parachain auction slots will receive a customary Ledger application to expand their appeal and convenience.

Polkadot price analysis shows a bearish market trend DOT prices have dipped to the $15 level, down by 2.54 percent Support for Polkadot is seen at the $14.06 level Polkadot price analysis today shows a negative market sentiment whereby DOT prices have been forced down to lows of $15. This follows a significant.

DOT delivered a healthy 6.5% uptick on 1 May after concluding a bearish month in April, which ended with an extended downside. The uptick might be a sign that DOT is ready to deliver a healthy recovery rally.

Polkadot price analysis has shown bearish signs again today, as price dropped to as low as $14.65. After forming an uptrend yesterday up to $15.60, it was expected that DOT would be able to conjure momentum to move up to $16.10.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The past month belonged to the sellers as they redefined the sentiment by steering the trend to their fancy.

With Bitcoin rediscovering a way to its $37,000-base after seven weeks, the global market cap crumbled down toward the $1.8T-mark. Needless to say that Polkadot, NEAR, and Fantom took a plunge on their charts over the last few days.