{"id":526355,"date":"2023-04-11T08:37:22","date_gmt":"2023-04-11T08:37:22","guid":{"rendered":"https:\/\/wncen.com\/?p=526355"},"modified":"2023-04-11T08:37:22","modified_gmt":"2023-04-11T08:37:22","slug":"polkadot-popular-among-futures-traders","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/polkadot-popular-among-futures-traders\/","title":{"rendered":"Polkadot Rises In Popularity Among Futures Traders – A Bullish Turn For DOT Price?"},"content":{"rendered":"

Polkadot (DOT) enthusiasts may be in for a bullish week as healthy demand for the cryptocurrency is observed in the futures market, according to a recent tweet by Huobi.\u00a0<\/span><\/p>\n

With a 24-hour trading volume of $162 million and a market capitalization of over $7.7 billion, Polkadot’s rally is showing no signs of slowing down. In fact, the coin has gained 3.1% against the US dollar since yesterday, indicating that the market is actively participating in its upward momentum.\u00a0<\/span><\/p>\n

With such promising developments, it’s no wonder that Polkadot is quickly becoming one of the most sought-after cryptocurrencies on the market.<\/span><\/p>\n

Related Reading: Bitcoin Price Poised To Hit $50,000, This Crypto Expert Predicts<\/a><\/div>\n

Huobi Sees Strong Demand For Polkadot<\/strong><\/h2>\n

The futures market kicked off this week with some hiccups, as Binance experienced downtime in its futures segment on Monday morning. However, Huobi, one of Binance’s rivals, announced that it has been experiencing a healthy demand for futures trading.\u00a0<\/span><\/p>\n

\n

#Huobi<\/a> Top Trader Long Positions:<\/p>\n

\ud83d\udd39 $HT<\/a> 71%
\n\ud83d\udd39 $DOT<\/a> 70%
\n\ud83d\udd39 #Bitcoin<\/a> 64%
\n\ud83d\udd39 $ARB<\/a> 62%
\n\ud83d\udd39 $ETH<\/a> 55%<\/p>\n

What’s your next long?<\/p>\n

\u2014 Huobi Futures (@HuobiFutures_) April 10, 2023<\/a><\/p><\/blockquote>\n

DOT placed second in <\/span>Huobi’s top trader ranking<\/span><\/a>, surpassing Bitcoin and Ethereum in terms of futures demand. The ranking is determined by the ratio of executed longs to shorts for each asset.<\/span><\/p>\n

Despite experiencing a minor setback in the past seven days, Polkadot’s price remains strong at $6.45 <\/span>according to Coingecko<\/span><\/a>. Moreover, the cryptocurrency’s recent 24-hour rally of 4.4% suggests that it will continue to be a significant player in the crypto market.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Source: Coingecko<\/pre>\n
With its impressive performance and growing demand in the futures market, Polkadot could be a cryptocurrency to watch in the coming weeks.<\/span><\/p>\n
Bullish Signals Despite Minor Setback<\/strong><\/h2>\n
DOT faced resistance at the $6.45 mark but found support at $6.10, which provided a much-needed boost to its bullish momentum.<\/span><\/p>\n
In analyzing the derivatives market, it becomes clear that Polkadot’s long positions are outweighing shorts, indicating that there may be further bullish demand on the horizon. <\/span><\/p>\n
In addition, the sell wall could hint at a possible <\/span>bullish pivot<\/span><\/a> as demand slowly but steadily overcomes selling pressure.<\/span><\/p>\n
<\/p>\n
DOT total market cap now at $7.5 billion on the daily chart at TradingView.com<\/a><\/pre>\n
Related Reading:  Stacks (STX) Pulls Ahead Of Top 50 Altcoins With 10% Price Spike<\/a><\/div>\n
With enough volume, Polkadot investors could expect a minimum of a 6% upside this week. Given its current ranking in the derivatives market, it is possible that bullish demand could continue to grow as the week progresses.\u00a0<\/span><\/p>\n
Despite a slight decrease in value over the past\u00a0 week, it is also worth noting that Polkadot has maintained a healthy level of development activity since mid-March, outperforming other leading blockchains in this aspect. This impressive track record speaks to the network’s ongoing progress and potential for further expansion.<\/span><\/p>\n
-Featured image from Forkast News<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Polkadot (DOT) enthusiasts may be in for a bullish week as healthy demand for the cryptocurrency is observed in the futures market, according to a recent tweet by Huobi.\u00a0 With a 24-hour trading volume of $162 million and a market capitalization of over $7.7 billion, Polkadot’s rally is showing no signs of slowing down. In fact, the coin has gained 3.1% against the US dollar since yesterday, indicating that the market is actively participating in its upward momentum.\u00a0 With such promising developments, it’s no wonder that Polkadot is quickly becoming one of the most sought-after cryptocurrencies on the market. Related Reading: Bitcoin Price Poised To Hit $50,000, This Crypto Expert Predicts Huobi Sees Strong Demand For Polkadot The futures market kicked off this week with some hiccups, as Binance experienced downtime in its futures segment on Monday morning. However, Huobi, one of Binance’s rivals, announced that it has been experiencing a healthy demand for futures trading.\u00a0 #Huobi Top Trader Long Positions: \ud83d\udd39 $HT 71% \ud83d\udd39 $DOT 70% \ud83d\udd39 #Bitcoin 64% \ud83d\udd39 $ARB 62% \ud83d\udd39 $ETH 55% What’s your next long? \u2014 Huobi Futures (@HuobiFutures_) April 10, 2023 DOT placed second in Huobi’s top trader ranking, surpassing Bitcoin and Ethereum in terms of futures demand. The ranking is determined by the ratio of executed longs to shorts for each asset. Despite experiencing a minor setback in the past seven days, Polkadot’s price remains strong at $6.45 according to Coingecko. Moreover, the cryptocurrency’s recent 24-hour rally of 4.4% suggests that it will continue to be a significant player in the crypto market.\u00a0 Source: Coingecko With its impressive performance and growing demand in the futures market, Polkadot could be a cryptocurrency to watch in the coming weeks. Bullish Signals Despite Minor Setback DOT faced resistance at the $6.45 mark but found support at $6.10, which provided a much-needed boost to its bullish momentum. In analyzing the derivatives market, it becomes clear that Polkadot’s long positions are outweighing shorts, indicating that there may be further bullish demand on the horizon. In addition, the sell wall could hint at a possible bullish pivot as demand slowly but steadily overcomes selling pressure. DOT total market cap now at $7.5 billion on the daily chart at TradingView.com Related Reading: Stacks (STX) Pulls Ahead Of Top 50 Altcoins With 10% Price Spike With enough volume, Polkadot investors could expect a minimum of a 6% upside this week. Given its current ranking in the derivatives market, it is possible that bullish demand could continue to grow as the week progresses.\u00a0 Despite a slight decrease in value over the past\u00a0 week, it is also worth noting that Polkadot has maintained a healthy level of development activity since mid-March, outperforming other leading blockchains in this aspect. This impressive track record speaks to the network’s ongoing progress and potential for further expansion. -Featured image from Forkast News<\/p>\n","protected":false},"author":557,"featured_media":526365,"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":[86493,2386,9753,4735],"class_list":["post-526355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dot-price","tag-huobi","tag-polkadot","tag-price-action"],"acf":[],"yoast_head":"\nPolkadot Rises in Popularity Among Futures Traders<\/title>\n<meta name=\"description\" content=\"Polkadot (DOT) enthusiasts may be in for a bullish week as healthy demand for the cryptocurrency is observed in the futures market, according to a recent\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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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. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. 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 Rises In Popularity Among Futures Traders – A Bullish Turn For DOT Price?","url":"http:\/\/wncen.com\/news\/polkadot-popular-among-futures-traders\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/polkadot-popular-among-futures-traders\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-33.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-33.png?fit=859%2C522"},"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":["dot price","huobi","polkadot","price action"],"dateCreated":"2023-04-11T08:37:22Z","datePublished":"2023-04-11T08:37:22Z","dateModified":"2023-04-11T08:37:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Polkadot Rises In Popularity Among Futures Traders – A Bullish Turn For DOT Price?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/polkadot-popular-among-futures-traders\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/polkadot-popular-among-futures-traders\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-33.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-33.png?fit=859%2C522\"},\"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\":[\"dot price\",\"huobi\",\"polkadot\",\"price action\"],\"dateCreated\":\"2023-04-11T08:37:22Z\",\"datePublished\":\"2023-04-11T08:37:22Z\",\"dateModified\":\"2023-04-11T08:37:22Z\"}<\/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\/04\/a-33.png?fit=859%2C522","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/526355"}],"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=526355"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/526355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/526365"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=526355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=526355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=526355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}