{"id":646688,"date":"2024-10-08T00:30:40","date_gmt":"2024-10-08T00:30:40","guid":{"rendered":"https:\/\/wncen.com\/?p=646688"},"modified":"2024-10-07T12:15:09","modified_gmt":"2024-10-07T12:15:09","slug":"first-polkadot-core-sells-for-69-dot-will-prices-move","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/polkadot-dot\/first-polkadot-core-sells-for-69-dot-will-prices-move\/","title":{"rendered":"First Polkadot Core Sells For 69 DOT: Will Prices Move?"},"content":{"rendered":"

Polkadot, an interoperable blockchain, continues to build. Less than a month after launching Agile Coretime, the first core was <\/span>bought<\/span><\/a> for 69 DOT over the weekend. This purchase is a significant milestone for the modern blockchain that’s been pushing to attract more users and developers on its rail by making block space accessibility easier and more flexible.<\/span><\/p>\n

Polkadot Coretime Purchased For 69 DOT<\/span><\/h2>\n

According to on-chain data from the Coretime Hub, one core was bought for 69 DOT out of the five available for sale. The purchased amount was burned, a move that helps reduce inflation in the long term.<\/span><\/p>\n

Related Reading: Here\u2019s Why The Bitcoin Price Could Hit $100,000 Before The End Of The Year<\/a><\/div>\n

Agile Coretime, which went live<\/a>\u00a0in September, is a massive boost for Polkadot. Under this framework, Polkadot seeks to allocate network resources more efficiently while offering greater accessibility and flexibility for new startups and developers planning to build. <\/span><\/p>\n

A core aspect of this framework is introducing a market-driven approach to block space data. In this model, it becomes easier for projects to purchase core, on-demand, or bulk, depending on their needs. <\/span>Accordingly, projects can prudently use their resources, and the resulting flexibility is empowering.\u00a0<\/span><\/p>\n

Polkadot developers also said Agile Coretime<\/a> will enable developers to optimize for network performance. Beyond these advantages, since coretime can be traded as NFTs, it can create fresh avenues for monetization for smart traders.<\/span><\/p>\n

Reducing Inflation, Will Prices Recover?<\/span><\/h2>\n

Even with this purchase, whether DOT’s inflation will rapidly fall in the coming months remains to be seen. Currently, the network’s inflation is at around 10%. However, the community has already voted and <\/span>approved<\/span><\/a> Referendum 1139, which seeks to reduce inflation from 10% to 8%.<\/span><\/p>\n

Related Reading: Crypto Analyst: Why Memecoins Are Still The Next 100x Opportunity<\/a><\/div>\n

Over time, developers will aim to further reduce inflation, even below 5%, depending on network growth, and a big part of Coretime purchases. The more users buy Coretime, the more DOT will be burnt and removed, reducing inflation.<\/span><\/p>\n

\"Polkadot<\/a>
Polkadot price moving downward on the daily chart | Source: DOTUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n

For now, even after the purchase of the first core DOT, it remains under immense selling pressure, mirroring the general performance across the board. Although DOT is still in the top 20, the coin is down nearly 70% from March highs. Any dump below $3.8 could accelerate the sell-off, pushing DOT to fresh 2024 lows.<\/span><\/p>\n

Feature image from UnSplash, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"

Polkadot, an interoperable blockchain, continues to build. Less than a month after launching Agile Coretime, the first core was bought for 69 DOT over the weekend. This purchase is a significant milestone for the modern blockchain that’s been pushing to attract more users and developers on its rail by making block space accessibility easier and more flexible. Polkadot Coretime Purchased For 69 DOT According to on-chain data from the Coretime Hub, one core was bought for 69 DOT out of the five available for sale. The purchased amount was burned, a move that helps reduce inflation in the long term. Related Reading: Here\u2019s Why The Bitcoin Price Could Hit $100,000 Before The End Of The Year Agile Coretime, which went live\u00a0in September, is a massive boost for Polkadot. Under this framework, Polkadot seeks to allocate network resources more efficiently while offering greater accessibility and flexibility for new startups and developers planning to build. A core aspect of this framework is introducing a market-driven approach to block space data. In this model, it becomes easier for projects to purchase core, on-demand, or bulk, depending on their needs. Accordingly, projects can prudently use their resources, and the resulting flexibility is empowering.\u00a0 Polkadot developers also said Agile Coretime will enable developers to optimize for network performance. Beyond these advantages, since coretime can be traded as NFTs, it can create fresh avenues for monetization for smart traders. Reducing Inflation, Will Prices Recover? Even with this purchase, whether DOT’s inflation will rapidly fall in the coming months remains to be seen. Currently, the network’s inflation is at around 10%. However, the community has already voted and approved Referendum 1139, which seeks to reduce inflation from 10% to 8%. Related Reading: Crypto Analyst: Why Memecoins Are Still The Next 100x Opportunity Over time, developers will aim to further reduce inflation, even below 5%, depending on network growth, and a big part of Coretime purchases. The more users buy Coretime, the more DOT will be burnt and removed, reducing inflation. For now, even after the purchase of the first core DOT, it remains under immense selling pressure, mirroring the general performance across the board. Although DOT is still in the top 20, the coin is down nearly 70% from March highs. Any dump below $3.8 could accelerate the sell-off, pushing DOT to fresh 2024 lows. Feature image from UnSplash, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":641108,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83366],"tags":[93083,83457,86493,82445,9753,93162],"class_list":["post-646688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-polkadot-dot","tag-agile-coretime","tag-dot","tag-dot-price","tag-dotusdt","tag-polkadot","tag-polkadot-coretime"],"acf":[],"yoast_head":"\nFirst Polkadot Core Sells For 69 DOT: Will Prices Move?<\/title>\n<meta name=\"description\" content=\"Polkadot is building. Roughly three weeks after Agile Coretime, the first core was purchased. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"First Polkadot Core Sells For 69 DOT: Will Prices Move?","url":"http:\/\/wncen.com\/news\/polkadot-dot\/first-polkadot-core-sells-for-69-dot-will-prices-move\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/polkadot-dot\/first-polkadot-core-sells-for-69-dot-will-prices-move\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Polkadot-from-Unsplash.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Polkadot-from-Unsplash.jpg?fit=3000%2C1996"},"articleSection":"Polkadot","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["agile coretime","dot","dot price","dotusdt","polkadot","polkadot coretime"],"dateCreated":"2024-10-08T00:30:40Z","datePublished":"2024-10-08T00:30:40Z","dateModified":"2024-10-08T00:30:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"First Polkadot Core Sells For 69 DOT: Will Prices Move?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/polkadot-dot\\\/first-polkadot-core-sells-for-69-dot-will-prices-move\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/polkadot-dot\\\/first-polkadot-core-sells-for-69-dot-will-prices-move\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Polkadot-from-Unsplash.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Polkadot-from-Unsplash.jpg?fit=3000%2C1996\"},\"articleSection\":\"Polkadot\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"agile coretime\",\"dot\",\"dot price\",\"dotusdt\",\"polkadot\",\"polkadot coretime\"],\"dateCreated\":\"2024-10-08T00:30:40Z\",\"datePublished\":\"2024-10-08T00:30:40Z\",\"dateModified\":\"2024-10-08T00:30:40Z\"}<\/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\/2024\/09\/Polkadot-from-Unsplash.jpg?fit=3000%2C1996","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/646688","targetHints":{"allow":["GET"]}}],"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\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=646688"}],"version-history":[{"count":2,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/646688\/revisions"}],"predecessor-version":[{"id":646702,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/646688\/revisions\/646702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/641108"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=646688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=646688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=646688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}