Investing is not suitable for everyone ensure that you have fully understood the risks and legalities involved. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Past performance is not an indication of future results. When trading in stocks your capital is at risk. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Past performance does not guarantee future results. Trading cryptocurrencies is not supervised by any EU regulatory framework. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.Ĭryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Each investment is unique and involves unique risks.ĬFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. contracts for difference (“CFDs”) is speculative and carries a high level of risk.

Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. The token faces resistance at $7.9 with a potential to break higher. Development activity has been surging in the past month. SummaryĭOT remains subdued, but the price has recorded recoveries. Investors should watch for a breakout at the key resistance to add positions. DOT has to clear the resistance to see long-lasting gains. The price is bullish although the MACD indicator remains below the moving average.ĭOT is likely to continue surging short-term, but investors should anticipate resistance at $7.9. Polkadot recovers but faces immediate resistanceįrom the daily chart, Polkadot is trading at $7.60, slightly below a key resistance at $7.9.

Polkadot still has room to run if the latest rally is to be sustained. While we cannot connect the latest recovery with the development activity, it could still be a bull trigger. The high development activity on Polkadot suggests an increased demand that boosts the native token. The top blockchain for the development activities was Ethereum, with 401 projects. A total of 400 development activities were recorded on the Polkadot ecosystem in the last 30 days. A Santiment data as of August 22 showed that Polkadot was the second in terms of development activity. Nonetheless, Polkadot has been witnessing a surge in activity in the past one month. No notable news was responsible for Polkadot’s gains which are largely a recovery from the recent dip. Most tokens were showing sluggish recoveries, while others remained in the red zone.

The gains were the highest among cryptocurrencies in the top 20 categories. Polkadot DOT/USD rose more than 6% in 24 hours on Tuesday. Santiment data shows a rise in projects building on the Polkadot ecosystem Polkadot surged the most among cryptocurrencies in the top 20 category

Broken token