Polkadot price analysis: Bullish momentum helps elevate DOT price to $6.19

The Polkadot price analysis is bullish for today as the bulls have continued their lead for the last 24 hours. The coin price has recovered to $6.19 due to continuous bullish efforts the DOT/USD pair faces resistance at the $6.20 level.

Timeline of Polkadot-new

The cryptocurrency market cap saw net outflows of $1.11 billion over the past 24 hours, pushing the total to $929.47 billion as of press time. The post CryptoSlate Daily wMarket Update – Oct. 24: Polkadot sees slight gain as market rut continues appeared first on CryptoSlate.

In a blog post, Wood admitted that being a CEO was a role he had never coveted — and having this position for a prolonged period of time would not give him "eternal happiness."

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.

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.