Polkadot (DOT) is celebrating a significant turnaround, with cryptocurrency bulls taking control and driving a 20.21% surge, taking the price to $7.53. This price jump is notable, representing the biggest increase since February this year. Polkadot’s recent uptrend shows little to no resistance on the horizon, leaving investors optimistic about the outlook.
Over the past seven days, Polkadot has racked up an impressive 36.36% increase following a period of stalemate in the previous month. Bulls are on an ambitious run to take the price above the $8 mark, which has not been reached since August 2022. Polkadot is gaining positive momentum, with several growth metrics pointing to a bright future.
SEC Maintains Case Against Binance Despite $4.3 Billion Settlement
The cryptocurrency accumulates an increase of more than 36% in the last seven days
Thus, one of the metrics that draws attention is the trading volume, which increased by more than 167%, reaching US$757,578,741. This highlights the presence of enthusiastic buyers on the network and the growing demand for the cryptocurrency.
Other key metrics also show Polkadot gaining traction on a global level. The currency’s trading volume on major exchanges such as Binance, Coinbase, and KuCoin remains high. On Binance, for example, volume increased by an impressive 17.55% to reach $132,375,973. This suggests that interest from investors and traders continues to grow.
US, South Korea and Japan Form Alliance Against Crypto Hackers of North Korea’s Lazarus Group
Growth Metrics and Strategic Collaborations Highlight Polkadot’s Potential
Polkadot is gaining further prominence due to its collaboration with Kilt Protocol and Deloitte, who are utilizing the network to manage global supply chains. This partnership highlights Polkadot’s versatility and its ability to accommodate a variety of use cases. Furthermore, the Polkadot network is establishing strategic collaborations with other protocols, such as Cardano, with the aim of expanding its functionalities and reach.
In summary, the Polkadot (DOT) cryptocurrency is experiencing an impressive bullish period, with a 20.21% increase in its price and a jump of over 36% in the last seven days. Growth metrics and high trading volume indicate a promising future for this cryptocurrency, which is gaining prominence globally.
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/polkadot-dot-criptomoeda-registra-impressionante-ganho-de-20-e-alcanca-marca-importante/
