May 27, 2024

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Polkadot (DOT) Price Rise 100%, Derivatives Data Suggests It May Continue Rally By CoinTelegraph

Polkadot (DOT) Price Rise 100%, Derivatives Data Suggests It May Continue Rally By CoinTelegraph

Polkadot (DOT) price is up 100% and derivatives data suggests it may continue to rise

Polkadot (DOT) is a blockchain project designed to connect sub-chains called parachains or parallel chains. Every application-specific series built in Polkadot uses the modular Substrate framework, and this is intended to make the development process easier.

The project has been in the spotlight from developers and investors for most of 2021, but the strong market correction on May 19 dealt a severe blow to the DOT price, and the team has been relatively quiet over the past few years.

  • August 13 price analysis: ETH, BNB, ADA, DOGE, DOT, UNI, SOL, LTC

Karura Swap, the first decentralized exchange (DEX) in the Polkadot ecosystem, was launched on July 22. The project was created by Acala, a decentralized finance (DeFi) project backed by Coinbase Ventures.

Read the full article on Cointelegraph

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