{"id":516067,"date":"2023-01-14T04:34:08","date_gmt":"2023-01-14T09:34:08","guid":{"rendered":"https:\/\/wncen.com\/?p=516067"},"modified":"2023-03-08T07:26:27","modified_gmt":"2023-03-08T07:26:27","slug":"polkadot-up-33-in-last-week","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/polkadot-up-33-in-last-week\/","title":{"rendered":"Polkadot Shows No Sign Of Slowing, As DOT Gains 33% In Last 7 Days"},"content":{"rendered":"

With <\/span>Bitcoin<\/span><\/a> surging past $20,000, altcoins like DOT (Polkadot) have been riding the broader crypto rally which started since the beginning of 2023. According to <\/span>CoinGecko<\/span><\/a>, the token is trading at $5.94, and has risen by more than 12% in the past 24 hours and 33% in the weekly.\u00a0<\/span><\/p>\n

This was caused by market optimism caused by positive Consumer Price Index (CPI) data that was <\/span>released<\/span> Thursday. With the main components of the CPI going deflationary, the market may continue the sharp rally that it started the year with.\u00a0<\/span><\/p>\n

Related Reading: TRON Snags No. 2 Spot In TVL As Revenue Spikes Despite Bear Market Pressure<\/a><\/div>\n

DOTs Connected<\/strong><\/h2>\n

Polkadot, as an ecosystem, has been on a roll lately. According to <\/span>Santiment<\/span><\/a>, Polkadot has been seeing a strong development activity in recent days, adding on to the already bullish momentum of the overall crypto market.\u00a0<\/span><\/p>\n

Polkadot also reached over 1 million DOT in nomination pools, making staking on-chain more viable. Crypto.com also released a <\/span>recent<\/span> post regarding the current market. Polygon ranked 4th place in TVL with a 5% change in the past seven days.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Image: Polkadot Insider<\/pre>\n
This can be associated with the recent developments on-chain and the recent crypto market rally. Accompanying these are the improving macroeconomic trends. With the CPI dropping to <\/span>6.5%<\/span><\/a>, DOT can continue its momentous climb in the next few weeks or months if the momentum continues.\u00a0<\/span><\/p>\n
Although some <\/span>analysts<\/span><\/a> are pessimistic that this rally is for the long term, the <\/span>overall on-chain<\/span><\/a> performance of the ecosystem will be supporting the token and breaking further resistance.\u00a0<\/span><\/p>\n
Polkadot: Going To The Moon?<\/strong><\/h2>\n
With the token\u2019s current momentum, it is possible that DOT will continue to make higher highs. DOT may be in a position to continue its climb. The token\u2019s high correlation with major cryptocurrencies will also pull the token upwards.<\/span><\/p>\n
With Bitcoin testing the $21,422 resistance, the coin\u2019s upward momentum will be a wave for DOT to ride in the next few weeks or months. This means that the token would benefit with improving macroeconomic trends.\u00a0<\/span><\/p>\n
Short and medium term, DOT can cross the current $6 resistance price range to reassure investors and traders that the rally will continue.\u00a0<\/span><\/p>\n
<\/p>\n
DOT total market cap at $6.8 billion on the weekend chart | Chart: TradingView.com<\/a><\/pre>\n
Related Reading: BONK Tumbles 66% \u2013 Can The \u2018Dogecoin Killer\u2019 Live Up To Its Name?<\/a><\/div>\n
With improving macros and an overall bullish outlook on crypto, DOT should be able to reach $7 resistance with ease. However, if BTC will enter a correction phase, the token can experience a momentary loss in upward momentum.<\/span><\/p>\n
Investors and traders who are holding DOT are currently facing great gains in a very short period of time. With this in mind, holders of the token should be monitoring the DOT\u2019s charts as this high of a rally can be faced with a tight correction phase.\u00a0<\/span><\/p>\n
-Featured image by EURACTIV<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
With Bitcoin surging past $20,000, altcoins like DOT (Polkadot) have been riding the broader crypto rally which started since the beginning of 2023. According to CoinGecko, the token is trading at $5.94, and has risen by more than 12% in the past 24 hours and 33% in the weekly.\u00a0 This was caused by market optimism caused by positive Consumer Price Index (CPI) data that was released Thursday. With the main components of the CPI going deflationary, the market may continue the sharp rally that it started the year with.\u00a0 Related Reading: TRON Snags No. 2 Spot In TVL As Revenue Spikes Despite Bear Market Pressure DOTs Connected Polkadot, as an ecosystem, has been on a roll lately. According to Santiment, Polkadot has been seeing a strong development activity in recent days, adding on to the already bullish momentum of the overall crypto market.\u00a0 Polkadot also reached over 1 million DOT in nomination pools, making staking on-chain more viable. Crypto.com also released a recent post regarding the current market. Polygon ranked 4th place in TVL with a 5% change in the past seven days.\u00a0 Image: Polkadot Insider This can be associated with the recent developments on-chain and the recent crypto market rally. Accompanying these are the improving macroeconomic trends. With the CPI dropping to 6.5%, DOT can continue its momentous climb in the next few weeks or months if the momentum continues.\u00a0 Although some analysts are pessimistic that this rally is for the long term, the overall on-chain performance of the ecosystem will be supporting the token and breaking further resistance.\u00a0 Polkadot: Going To The Moon? With the token\u2019s current momentum, it is possible that DOT will continue to make higher highs. DOT may be in a position to continue its climb. The token\u2019s high correlation with major cryptocurrencies will also pull the token upwards. With Bitcoin testing the $21,422 resistance, the coin\u2019s upward momentum will be a wave for DOT to ride in the next few weeks or months. This means that the token would benefit with improving macroeconomic trends.\u00a0 Short and medium term, DOT can cross the current $6 resistance price range to reassure investors and traders that the rally will continue.\u00a0 DOT total market cap at $6.8 billion on the weekend chart | Chart: TradingView.com Related Reading: BONK Tumbles 66% \u2013 Can The \u2018Dogecoin Killer\u2019 Live Up To Its Name? With improving macros and an overall bullish outlook on crypto, DOT should be able to reach $7 resistance with ease. However, if BTC will enter a correction phase, the token can experience a momentary loss in upward momentum. Investors and traders who are holding DOT are currently facing great gains in a very short period of time. With this in mind, holders of the token should be monitoring the DOT\u2019s charts as this high of a rally can be faced with a tight correction phase.\u00a0 -Featured image by EURACTIV<\/p>\n","protected":false},"author":557,"featured_media":516073,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,14690,16925,83457,9753],"class_list":["post-516067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-crypto-news","tag-crypto-rally","tag-dot","tag-polkadot"],"acf":[],"yoast_head":"\nPolkadot Shows No Sign Of Slowing, As DOT Gains 33% In Last 7 Days<\/title>\n<meta name=\"description\" content=\"With Bitcoin surging past $20,000, altcoins like DOT (Polkadot) have been riding the broader crypto rally which started since the beginning of 2023.\" 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Polkadot Shows No Sign Of Slowing, As DOT Gains 33% In Last 7 Days","url":"http:\/\/wncen.com\/news\/polkadot-up-33-in-last-week\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/polkadot-up-33-in-last-week\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Polkadot.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Polkadot.png?fit=749%2C421"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","crypto news","crypto rally","dot","polkadot"],"dateCreated":"2023-01-14T09:34:08Z","datePublished":"2023-01-14T09:34:08Z","dateModified":"2023-03-08T07:26:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Polkadot Shows No Sign Of Slowing, As DOT Gains 33% In Last 7 Days\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/polkadot-up-33-in-last-week\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/polkadot-up-33-in-last-week\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Polkadot.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Polkadot.png?fit=749%2C421\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"crypto news\",\"crypto rally\",\"dot\",\"polkadot\"],\"dateCreated\":\"2023-01-14T09:34:08Z\",\"datePublished\":\"2023-01-14T09:34:08Z\",\"dateModified\":\"2023-03-08T07:26:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/Polkadot.png?fit=749%2C421","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/516067"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=516067"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/516067\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/516073"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=516067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=516067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=516067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}