Polkadot Parachain Astar Network Jumps 24% After Scoring Major Exchange Listing: Details

Astar Network (ASTR), one of the parachains of the Polkadot blockchain is seeing intense price action today. According to data from CoinMarketCap, Astar Network is changing hands at $0.0797, up 24% over the past 24 hours and 30.05% over the past week.

Timeline of Astar, Polkadot-new

Polkadot [DOT] posted its weekly roundup on 6 February, which mentioned all the notable developments that happened in its ecosystem during the last seven days. The developments were not only confined to Polkadot but also included updates for its parachains and other networks.

Polkadot price analysis has been facing a downward trend today as the bears are in control of the market and are likely to maintain their momentum. The bears have been looking to push the price lower and have been successful in doing so.

Polkadot price analysis shows a bearish trend emerging on the daily chart, as price continued to decline after facing rejection at the $7 mark. DOT declined a further 1 percent today, following on from yesterday's 3 percent decrement below the $7 point.

Shiba inu was one of Friday's biggest gainers, as the meme coin remained close to a recent three month high. The token has been in the green for the majority of today's session, despite the global cryptocurrency market cap falling 1.28% at the time of writing.

AlephZero, a zkSnark based cryptocurrency, was added to Polkadot [DOT] as the 38th parachain on the network. This addition to Polkadot could likely improve the state of its ecosystem.

Polkadot price analysis shows that the bearish sentiment is intensifying and the coin is trading lower than yesterday's close. The DOT/USD pair dropped below $6.50 to trade as low as $6.38 during the early hours today, as selling pressure continues to mount in the market.

Polkadot price analysis suggests upwards movement to the $6.60 resistance again The closest support level lies at $6.400 DOT faces resistance at the $6.727 mark The Polkadot price analysis shows that the DOT price action has fallen below the $6.500 level, but the bulls find short-term support at $6.400 mark.

According to recent data provided by PolkadotInsider, Polkadot [DOT] consumed the least amount of electricity compared to other cryptocurrencies in the market. This eco-friendliness could impact Polkadot and the sentiment surrounding the cryptocurrency positively.

Polkadot [DOT] has emerged as a leading blockchain in terms of development activity, according to Santiment. The network recorded the highest number of GitHub commits in the last month, showing a high level of development activity and engagement from its protocols deployed on the interoperable blockchain.

The latest Polkadot price analysis shows signs of a strong downtrend, as the price curve shows a downward movement for the day. In the previous day, the market has been ruled by bulls, but the overall market sentiment has been bearish.