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Cryptocurrency News Articles
Polkadot Surges: Active Addresses Reach Record High Despite Meme Coin Drama
Apr 09, 2024 at 11:30 pm
Despite the community’s efforts to draw attention through meme coins, Polkadot’s active addresses have soared to a new pinnacle, reaching over 600,000. This surge underscores the network’s expanding ecosystem, with significant contributions from platforms like Moonbeam. Yet, while the number of accounts with non-zero balances has risen, overall transactions have remained relatively subdued.
Polkadot’s native token, DOT, has experienced fluctuations, currently trading at $8.95, down considerably from its peak. In a bid to leverage the memecoin craze, the community introduced DOT is $DED (DED). However, sentiment soured when initial airdrop plans were altered, dampening interest in the token, now valued at a mere fraction of a cent.
Despite the setback with $DED, Polkadot’s fundamental growth remains robust. The network’s resilience amid market volatility demonstrates its enduring appeal and potential for further expansion. As DOT continues to evolve, attracting both developers and users, its significance in the blockchain space solidifies, proving that sustained innovation trumps fleeting trends like meme coins.
Polkadot’s Promising Trajectory
Polkadot (DOT) appears poised for a significant move, reflecting its steady climb in recent weeks. Presently valued at $9.45, with a robust 24-hour trading volume of $716.28 million and a market capitalization of $9.33 billion, Polkadot showcases resilience in the face of minor fluctuations.
Analyst CryptoGuerrilla predicts a bullish trajectory for DOT, eyeing a potential rise to $24 in the macro perspective. While this surge may not materialize immediately, it’s anticipated to unfold over time. Short-term technical analysis reveals DOT’s upward trend within a defined channel, signaling investor confidence and potential for further gains, especially after breaking resistance at $9.40, as reported by TWJ.
Changelly’s optimistic forecast further bolsters Polkadot’s outlook, projecting a notable 12.18% price surge to $10.59 by March 29. Such forecasts underscore DOT’s growing prominence and investor interest in its potential. As the crypto market evolves, DOT’s steady ascent positions it favorably for sustained growth, offering investors a promising opportunity amidst the volatile landscape.
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- CET: The Native Token of the CoinEx Cryptocurrency Exchange
- Sep 25, 2024 at 10:30 am
- CET is the native token of one of the leading cryptocurrency exchanges, CoinEx. It is an ERC-20 token based on the Ethereum network that was launched in 2018.
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- Dogecoin ($DOGE) Primed to Hit $1 By December This Year, Market Analyst Master Kenobi Predicts
- Sep 25, 2024 at 10:25 am
- The early aftermath of the current Federal Reserve (Fed) interest rate cuts has been constructive for the final crypto business as main property like Dogecoin have been displaying optimistic sentiment.
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- IMX Token Price Prediction: Can It Break the $2 Resistance Level and Rally Higher?
- Sep 25, 2024 at 10:25 am
- Over the past 24 hours, IMX has jumped an impressive 12.14%, reaching a price of $1.81. This upswing has stirred speculation about whether the token can break through a key resistance level of $2.
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- How to Play Local Multiplayer in Marvel Vs. Capcom Fighting Collection: Arcade Classics
- Sep 25, 2024 at 10:15 am
- There's no separate versus mode in this compilation. These arcade classics were designed with a primary mode where you feed quarters to try your luck against the CPU.
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- Bitcoin (BTC) Market Value to Realized Value (MVRV) Ratio Hints at an Upcoming Shift in Momentum
- Sep 25, 2024 at 10:15 am
- Ever since the United States announced its latest interest rate cut, Bitcoin [BTC] experienced a gradual rebound in price. The cryptocurrency surged to a peak of over $64,000 on the 23rd of September, gaining 8.5% in value over the last week.
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- Bitget Announces Price Prediction Contest Ahead of Hamster Kombat Coin Listing
- Sep 25, 2024 at 10:15 am
- The contest invites participants to predict the highest HMSTR coin price during its first 24 hours of trading. The winner of the contest will receive $100 in HMSTR tokens if their prediction is the closest to the actual price.
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- Solana (SOL) Poised for a Massive Upside Rally Targeting $165 After Its Consolidation Breakout
- Sep 25, 2024 at 10:15 am
- Solana (SOL), the fifth-biggest cryptocurrency by market cap appears bullish and poised for a massive upside rally following its consolidation breakout.
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- RCO Finance: The Under the Radar Cardano (ADA) Alternative
- Sep 25, 2024 at 10:15 am
- Amidst the uncertainty surrounding Cardano (ADA), RCO Finance presents the perfect opportunity for investors to hedge their investments and make significant returns.
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- EverValue Announces Upcoming Presale of Its EVA Token, Combining Bitcoin-Backed Stability with Innovative Features
- Sep 25, 2024 at 10:15 am
- Unlike traditional platforms, EverValue allows investors to maintain full control of their tokens, without relying on third-party storage solutions.