{"id":517635,"date":"2023-01-26T11:12:45","date_gmt":"2023-01-26T16:12:45","guid":{"rendered":"https:\/\/wncen.com\/?p=517635"},"modified":"2024-06-11T15:06:00","modified_gmt":"2024-06-11T15:06:00","slug":"polkadot-hints-price-rebound","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/polkadot-hints-price-rebound\/","title":{"rendered":"Polkadot Hints At Price Recovery &#8211; Can DOT Go Past 15% Weekly Ceiling?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Polkadot (DOT) is in the green (see image below) and going steady. Could this hint at price recovery? Even though Polkadot\u2019s funding rate plunged for a while, it is showing some improvement at the time of writing.<\/span><\/p>\n<p>Here&#8217;s a quick look at DOT price movement:<\/p>\n<ul>\n<li><span style=\"font-weight: 400\"> \u00a0<\/span><span style=\"font-weight: 400\">Polkadot price is up by 14.9% in the weekly<\/span><\/li>\n<li><span style=\"font-weight: 400\"> \u00a0<\/span><span style=\"font-weight: 400\">DOT low in market cap dominance<\/span><\/li>\n<li><span style=\"font-weight: 400\"> \u00a0<\/span><span style=\"font-weight: 400\">DOT shows a spike in development activity<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">According to<\/span> <span style=\"font-weight: 400\">Coingecko<\/span><span style=\"font-weight: 400\">, DOT price has skyrocketed by 4% in the last 24 hours, and trading at <a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\">$6.50<\/a> as of press time.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-517637 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/a-79.png?resize=784%2C78\" alt=\"\" width=\"784\" height=\"78\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/a-79.png?w=784 784w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/a-79.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/a-79.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/a-79.png?w=750 750w\" sizes=\"(max-width: 784px) 100vw, 784px\"><\/p>\n<h2><b>Polkadot Eco-Friendliness To Drive Positive Momentum<\/b><\/h2>\n<p><span style=\"font-weight: 400\">January was phenomenal for most cryptocurrencies that are enjoying a price rally, but DOT was seen struggling and was unable to reach its<\/span><a href=\"https:\/\/ambcrypto.com\/polkadots-dot-recovery-is-likely-can-bulls-target-pre-ftx-levels\/\" rel=\"nofollow\"> <span style=\"font-weight: 400\">pre-FTX levels<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">On a positive note, DOT was the only asset that consumed the least electricity when pitted against other cryptocurrencies. This eco-friendly quality of DOT can drive positive momentum for the coin.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">POLKADOT &#8211; THE ECO-FRIENDLY BLOCKCHAIN<\/p>\n<p>Thanks to CCRI Report 2022, we found <a href=\"https:\/\/twitter.com\/Polkadot?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@Polkadot<\/a> was ranked #2, only followed by US Household in terms of the total yearly electricity consumption \ud83d\ude80<\/p>\n<p>Let&#8217;s see more details below \ud83d\udc47<a href=\"https:\/\/twitter.com\/hashtag\/Polkadot?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Polkadot<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24DOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$DOT<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/AVAX?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#AVAX<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ALGO?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#ALGO<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#ETH<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/SOL?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#SOL<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ADA?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#ADA<\/a> <a href=\"https:\/\/t.co\/S5WxxvJSA0\" rel=\"nofollow\">pic.twitter.com\/S5WxxvJSA0<\/a><\/p>\n<p>\u2014 Polkadot Insider (@PolkadotInsider) <a href=\"https:\/\/twitter.com\/PolkadotInsider\/status\/42687233?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 25, 2023<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Even though the weighted sentiment on Polkadot remained to be negative last December, its <\/span><span style=\"font-weight: 400\">low <\/span><span style=\"font-weight: 400\">electricity <\/span><span style=\"font-weight: 400\">consumption<\/span><span style=\"font-weight: 400\"> can drive a change in public sentiment, switching it to positive which is great news for Polkadot.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-517662 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/a-82.png?resize=666%2C223\" alt=\"\" width=\"666\" height=\"223\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/a-82.png?w=666 666w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/a-82.png?w=460 460w\" sizes=\"(max-width: 666px) 100vw, 666px\"><\/p>\n<pre style=\"text-align: center\">Image: Santiment<\/pre>\n<div><\/div>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/aptos-apt-price-snowballs-147\/\"> Aptos (APT) Price Snowballs 147% As On-Chain Development Shoots Up<\/a><\/div>\n<p>The low trading volumes suggest that the bears may have the upper hand. This action has the potential to push DOT prices below the $6.154 support level, putting the brakes on the recent uptrend in DOT.<\/p>\n<p><span style=\"font-weight: 400\">DOT is predicted to spike in terms of development activity which could tick developer interest this year. In addition, DOT is said to potentially tip its pre-FTX levels in the next couple of days or weeks.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/k0RzkhQ6\/\" width=\"2047\" height=\"979\"><\/p>\n<pre style=\"text-align: center\">DOT total market cap at $7.3 billion on the daily chart | Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p>In the event that this positive pattern persists, DOT&#8217;s pace of rebound is estimated to climb, which would enable bulls to charge beyond the resistance located at $6.845 and $7.235, which is the range that existed before the crypto turmoil broke out around late November.<\/p>\n<h2><b>Social Metrics Up For DOT<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The number of people staking DOT has also increased by over 6.2% as seen in the past month which also hints at a positive streak for the asset. More so, social metrics have also increased for DOT. <\/span><\/p>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/lunarcrush.com\/coins\/dot\/polkadot?metric=social_volume\" target=\"_blank\" rel=\"noopener nofollow\">Social mentions<\/a> spiked by 7.6% with engagements shooting over 26K. Interestingly, DOT has been increasingly popular as more people are interested in and talking about it.<\/span><\/p>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-517664 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/a-83.png?resize=860%2C283\" alt=\"\" width=\"860\" height=\"283\">Polkadot social mentions. Image: LunarCrush<\/pre>\n<p><span style=\"font-weight: 400\">Additionally, there are upcoming referendums in line with runtime and <a href=\"https:\/\/polkadot.network\/blog\/gov2-polkadots-next-generation-of-decentralised-governance\/\" target=\"_blank\" rel=\"noopener nofollow\">governance upgrades<\/a> that could increase the attractiveness of the coin to investors.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, the market sentiment enveloping DOT still has that air of uncertainty considering its shrinking market cap and high volatility.<\/span><\/p>\n<p><em>Featured image from Freepik<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polkadot (DOT) is in the green (see image below) and going steady. Could this hint at price recovery? Even though Polkadot\u2019s funding rate plunged for a while, it is showing some improvement at the time of writing. Here&#8217;s a quick look at DOT price movement: \u00a0Polkadot price is up by 14.9% in the weekly \u00a0DOT low in market cap dominance \u00a0DOT shows a spike in development activity According to Coingecko, DOT price has skyrocketed by 4% in the last 24 hours, and trading at $6.50 as of press time. Polkadot Eco-Friendliness To Drive Positive Momentum January was phenomenal for most cryptocurrencies that are enjoying a price rally, but DOT was seen struggling and was unable to reach its pre-FTX levels.\u00a0 On a positive note, DOT was the only asset that consumed the least electricity when pitted against other cryptocurrencies. This eco-friendly quality of DOT can drive positive momentum for the coin. POLKADOT &#8211; THE ECO-FRIENDLY BLOCKCHAIN Thanks to CCRI Report 2022, we found @Polkadot was ranked #2, only followed by US Household in terms of the total yearly electricity consumption \ud83d\ude80 Let&#8217;s see more details below \ud83d\udc47#Polkadot $DOT #AVAX #ALGO #BTC #ETH #SOL #ADA pic.twitter.com\/S5WxxvJSA0 \u2014 Polkadot Insider (@PolkadotInsider) January 25, 2023 Even though the weighted sentiment on Polkadot remained to be negative last December, its low electricity consumption can drive a change in public sentiment, switching it to positive which is great news for Polkadot. Image: Santiment Related Reading: Aptos (APT) Price Snowballs 147% As On-Chain Development Shoots Up The low trading volumes suggest that the bears may have the upper hand. This action has the potential to push DOT prices below the $6.154 support level, putting the brakes on the recent uptrend in DOT. DOT is predicted to spike in terms of development activity which could tick developer interest this year. In addition, DOT is said to potentially tip its pre-FTX levels in the next couple of days or weeks.\u00a0\u00a0 &nbsp; DOT total market cap at $7.3 billion on the daily chart | Chart: TradingView.com In the event that this positive pattern persists, DOT&#8217;s pace of rebound is estimated to climb, which would enable bulls to charge beyond the resistance located at $6.845 and $7.235, which is the range that existed before the crypto turmoil broke out around late November. Social Metrics Up For DOT The number of people staking DOT has also increased by over 6.2% as seen in the past month which also hints at a positive streak for the asset. More so, social metrics have also increased for DOT. Social mentions spiked by 7.6% with engagements shooting over 26K. Interestingly, DOT has been increasingly popular as more people are interested in and talking about it. Polkadot social mentions. Image: LunarCrush Additionally, there are upcoming referendums in line with runtime and governance upgrades that could increase the attractiveness of the coin to investors. Meanwhile, the market sentiment enveloping DOT still has that air of uncertainty considering its shrinking market cap and high volatility. Featured image from Freepik<\/p>\n","protected":false},"author":557,"featured_media":517667,"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":[],"class_list":["post-517635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\n<title>Polkadot Hints At Price Recovery - Can DOT Go Past 15% Weekly Ceiling?<\/title>\n<meta name=\"description\" content=\"Polkadot (DOT) is in the green (see image below) and going steady. 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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. 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