2022-2-28 18:41 |
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Polkadot’s price action is beginning to hint at a possible shift in momentum, with a reversal setup forming just below the critical $2. 85 level. The bulls are gradually building pressure, eyeing a breakout that could confirm a change in trend.
Polkadot ($DOT) seems poised to explode because market momentum is building up around an important resistance area, as reported by analyst Michael van de Poppe.
Polkadot (DOT) has shown renewed strength in recent days, breaking above key resistance levels and drawing attention from multiple fronts. A combination of rising expectations for a US-listed Polkadot exchange-traded fund (ETF), governance shifts, and a fresh proposal for a native stablecoin has pushed DOT into the spotlight.
Сообщение Polkadot Considers Launching Native DOT-Backed Algorithmic Stablecoin появились сначала на Coinstelegram.
Key Takeaways What is pUSD, and why is Polkadot launching it? Polkadot is launching pUSD, a DOT-backed stablecoin, to boost its DeFi ecosystem and reduce reliance on USDT and USDC.
Cryptocurrencies remained on edge on Monday, as all eyes remain on the Fed’s rate decision this Wednesday. As large-cap altcoins gain traction due to a potential altseason, the Polkadot community has supported a permanent cap on the digital asset’s supply.
Polkadot (DOT) price is currently at $3. 95, up by just 2% in the past 24 hours and 3% this past week. Despite this, it has remained down across the past month. However, DOT price is looking to extend the bounce from lows of $3.