Will Polkadot's network achievements garner some support for an ailing DOT

Development activity on Polkadot DOT reached an all-time high among other blockchains. This is a major feat for the network as it continues to thrive by introducing upgrades at regular intervals.

Timeline of Polkadot-new

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Polkadot price analysis reveals that the DOT/USD market is bearish today. The cryptocurrency has been trading within a descending triangle pattern since the beginning of today's session.

Polkadot price analysis suggests upward movement to $6.50 The closest support level lies at $6.20 DOT faces resistance at the $6.40 mark The Polkadot price analysis shows that DOT finds support at the $6.20 mark after being rejected from the $6.40 mark. While the price stabilizes above the $6.

Bifrost finance, a leading parachain on Polkadot [DOT], posted a tweet  on 18 September. The tweet stated that Polkadot's new staking protocol witnessed considerable growth with 121,551 vDOT successfully minted (tokens).

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Polkadot's North American hackathon was won by a decentralized application (dApp) dubbed “XCM DOT Autostake,” developed by a team called Entity 54. Polkadot is a protocol that connects numerous, incompatible blockchains (“parachains”) and allows them to exchange money and data.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto's own research on the subject. A brainchild of Ethereum Co-founder Gavin Wood, Polkadot is one of the leading blockchains in the world right now.

DOT's performance last week was pretty sluggish as it fell by nearly 10% in just 7 days. In fact, while several positive developments with the potential to push the altcoin's price transpired, not everything went according to plan.

The Polkadot price analysis shows the price function is facing bearish resistance once again after the bearish trend returns to the market. The price has receded back to the $7.01 level during the last 24 hours, and it is expected that it will go through a further decline in the coming hours.

The Polkadot price analysis reveals that bullish momentum is on the go. The price of DOT/USD started to rise later yesterday, and the bulls are successfully continuing their endeavor today as well, as the price has increased significantly over the past few hours.