Polkadot (DOT) broke below the 50-day SMA ($27.71) on Sept. 21 but bulls bought the dip aggressively and reclaimed the level on Sept. 22. That seems to have trapped the bears, resulting in a short squeeze. The DOT/USDT pair has reached the 20-day EMA ($31.42) which is an important level to watch out for...
If buyers drive the price above this resistance, the pair could rise to $35 and then retest $38.77. Conversely, if the price turns down from the 20-day EMA, it will suggest that traders are selling on rallies. The bears will then make one more attempt to pull the price to the Sept. 7 intraday low at $22.66.
Ethereum’s consensus mechanism forces all nodes to validate all transactions. In contrast, the Polkadot blockchain breaks up batches of new transactions into many shards and processes them in parallel...
The blockchains plugging into the network can have very different rules of operation, transaction processing, and capabilities, giving the whole system much more flexibility. Polkadot is trying to achieve scalability without decreasing the network’s security. This famous problem known as the “blockchain trilemma” was elucidated by the founder of Ethereum himself, Vitalik Buterin. In contrast with Ethereum’s single blockchain design, Polkadot has many different blockchains called parachains that plug into one main blockchain, also referred to as the Relay Chain or layer 0. Similar to the hub and spoke model commonly used in airport design, connecting disparate blockchains via the central Relay chain establishes a way to send messages and transactions across multiple blockchains without slowing down traffic on the transaction highway. Layer 0 refers to the concept that Layer 1 protocols such as Bitcoin and Ethereum could be spokes and Polkadot could be the hub. For example, the NFT project Bit.Country is a Substrate-based blockchain that uses a bridge with Ethereum. This enables assets to flow between Ethereum and metaverses built on Bit.Country’s TEWAI blockchain.
The crypto market continues to amaze: suddenly the little-known Polkadot (DOT) token burst into the TOP-5 of cryptocurrencies by market capitalization. This is a Swiss project that aims to create a functional and user-friendly decentralized web by connecting different blockchains. There are already similar projects in the list of leading coins...
Such a rapid appearance (after the denomination of the token) came from 2172 places in the CMC rating. Earlier it was reported that CMC is verifying the stated data, apparently, the result for Polkadot was positive. Nevertheless, for sure in the near future, participants in the crypto market will nevertheless carefully double-check the data from the project.
* Crypto Rating accepts no liability for content of the Polkadot reviews made by the site users. The entire responsibility for the contents rests with the authors.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | Volume 24h | |
| 1 |  BTC |
Bitcoin predictions | 79.2% | 41 | $42 031.59 | -3.48% | -2.59% | $791 393 954 252 | $31 747 117 181 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 70.4% | 56 | $2 918.83 | -5.04% | -3.78% | $343 568 213 349 | $17 440 054 934 | |
| 3 |  USDT |
Tether predictions | 90.8% | 1 | $1.000459 | -0.02% | 0.01% | $68 574 589 302 | $69 040 305 714 | |
| 4 |  ADA |
Cardano predictions | 65.2% | 70 | $2.12 | -3.86% | -2.03% | $67 842 308 406 | $2 790 874 402 | |
| 5 |  BNB |
Binance Coin predictions | 72.8% | 59 | $341.96 | -1.79% | -7.48% | $57 495 736 706 | $1 499 392 995 | |
| 6 |  XRP |
XRP predictions | 74.4% | 50 | $0.930539 | -2.70% | -0.96% | $43 472 608 125 | $2 798 278 933 | |
| 7 |  SOL |
Solana predictions | 67.6% | 68 | $134.46 | -7.35% | -4.28% | $39 991 503 535 | $2 559 971 396 | |
| 8 |  USDC |
USD Coin predictions | 91.6% | 1 | $1.000432 | 0% | 0.01% | $31 274 186 323 | $3 304 747 454 | |
| 9 |  DOT |
Polkadot predictions | 69.6% | 68 | $27.75 | -3.90% | -5.26% | $27 404 751 396 | $1 534 718 165 | |
| 10 |  DOGE |
Dogecoin predictions | 71.2% | 63 | $0.200627 | -1.87% | -6.10% | $26 377 191 591 | $850 603 349 | |
| 11 |  UNI |
UniSwap predictions | 67.6% | 68 | $24.35 | 1.57% | 14.50% | $14 894 976 126 | $1 220 639 004 | |
| 12 |  AVAX |
Avalanche predictions | 58.8% | 84 | $66.26 | -7.62% | 2.41% | $14 596 076 840 | $1 012 955 214 | |
| 13 |  LUNA |
Terra predictions | 71.2% | 60 | $35.29 | -4.09% | 24.68% | $14 110 398 958 | $1 562 373 257 | |
| 14 |  BUSD |
Binance USD predictions | 95.2% | 1 | $1.000438 | 0.02% | -0.01% | $13 532 008 893 | $4 826 393 143 | |
| 15 |  LINK |
Chainlink predictions | 68% | 70 | $23.39 | -2.95% | -1.74% | $10 644 298 254 | $1 068 673 199 |
