Polkadot second to Ethereum: What it means in the bull market

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Polkadot ranked second on the list of cryptos in terms of daily active addresses in the last 30 days. Inasmuch, DOT’s price went up by more than 9% over the last week.

revealed that the blockchain’s revenue and fees remained stable in the last month. In fact, the graph spiked on 3 July 2023. The blockchain’s network value was also increasing as its TVL rose, as pointed out by DeFiLlama.While these developments happened, Polkadot’s price action turned positive, thanks to the on-going bullish market. As perAt the time of writing, it was trading at $5.63 with a market capitalization of over $6 billion, making it the 13th largest crypto.

While DOT’s price declined, its Open Interest also went down. Likewise, its price uptrend was accompanied by a hike in volume. Additionally,Source: SantimentPolkadot’s uptrend might continue longer as the Exponential Moving Average Ribbon displayed a bullish crossover. Not only that, but its Relative Strength Index was also relatively high, suggesting a continued northbound movement.’s Money Flow Index was high, it did move down slightly.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines