Polkadot has silently risen to the quantity 6 spot on CoinmarketcapIts worth lately hit an all-time excessive and will repeat it within the days to comply withPolkadot’s tweet quantity can be at all-time excessive ranges as investor curiosity grows
The digital asset of Polkadot (DOT) has had an eventful previous week within the crypto markets by nearly doubling in worth for the reason that 25th of December. Polkadot was valued round $5 on Christmas day solely to skyrocket to an all-time excessive worth of $9.53 – Binance price – on New Years’.
Polkadot’s Value Hits All-time Excessive
The 90% increment within the worth of Polkadot since Christmas has additionally resulted in DOT transferring to the quantity sixth spot on Coinmarketcap as demonstrated within the screenshot under. With this transfer, Polkadot has edged out heavyweights corresponding to Bitcoin Money (BCH) and Cardano (ADA).
Polkadot’s Tweet Quantity Additionally at an All-time Excessive
Moreover, there was a big increment within the Twitter discussions surrounding Polkadot. In keeping with information from the TIE, each Polkadot’s worth and tweet quantity are at an all-time excessive because of the latest worth surge of the digital asset.
The staff at The Tie, shared their statement of Polkadot by way of the next tweet and chart demonstrating an increment in DOT’s tweet quantity.
Polkadot’s worth and tweet quantity are each at an all-time excessive. $DOT is now the sixth largest cryptocurrency by market cap and shortly closing in on Litecoin and XRP after a 55% surge this week. pic.twitter.com/DXjN3NUM1c
— The TIE (@TheTIEIO) December 31, 2020
A Temporary Technical Evaluation of Polkadot (DOT)
As earlier talked about, Polkadot has skilled a 90% increment since Christmas day in the direction of its latest all-time excessive worth of $9.53. On the time of writing, Polkadot is consolidating across the $9 worth space with the earlier all-time excessive worth of $6.90 offering enough assist on a macro stage.
Additionally from the each day DOT/USDT chart above, the next will also be noticed.
Polkadot is a comparatively new digital asset and the 200-day transferring common is but to appearTrade quantity is within the inexperienced with the MACD but to point out indicators of exhaustionHowever, each the each day MFI and RSI are excessive at 80. The 2 indicators are additionally hinting at a pending correction for Polkadot
Summing up the temporary technical evaluation, Polkadot (DOT) remains to be demonstrating bullish momentum after posting an all-time excessive yesterday, January 1st. A pullback is due to this fact seemingly as demonstrated by the excessive MFI and RSI.
Nevertheless, Bitcoin simply broke the $30okay worth ceiling. Due to this fact, the overall crypto market bullishness on account of this milestone would possibly present sufficient momentum for Polkadot (DOT) to retest, or break, its lately set all-time excessive worth.
As with all analyses of altcoins corresponding to Polkadot, cease losses and the usage of low leverage is suggested when buying and selling DOT on the varied derivatives platforms.