Polkadot

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Moonbeam, the EVM-compatible smart contract platform has won the second parachain auction on Polkadot. The announcement came on Thursday, November 25 as Moonbeam said that more than 200K contributors worldwide contributed a total of 35 million in DOT tokens worth a staggering $1.4 billion. The announcement said:
Moonbeam has set a new precedent for crowdloans, receiving the largest total contribution from the most contributors by far. Over 200,000 participants contributed DOT to the crowdloan across all sources including the Moonbeam Foundation DApp, supporting exchanges, wallets, and liquid staking providers. The average contribution was approximately 170 DOT per participant, indicative of the broad participation from Moonbeam’s global community.
At the close of the second auction, more than 95 million DOT worth $3.8 billion USD has been locked in crowdloans for parachains across the Polkadot ecosystem.
Moonbeam Found To Expand Reward Pool
Moonbeam thanked its community for helping them secure a two-year slot as a Polkadot parachain. As a result, the Moonbeam Foundation has decided to expand its reward pool.
As a result, Moonbeam has added an additional 50 million GLMR tokens to the crowdloan reward pool. Thus, the total rewards have surged to 150 million GLMR which is 15% of the total genesis supply.
The good thing is that the rewards payout has also been increased by 50%. The Moonriver’s parachain lease will commence on December 17th and last for 96 weeks. The platform will launch in three different phases. The segmented launch has been designed to ensure the stability of the deployed network.
Polkadot (DOT) is one of the top-performing digital assets this year in 2021. Currently, it is one of the top ten cryptocurrencies in the market. The parachain auction will increase the usability of the Polkadot blockchain to a great extent. It will also improve the scalability of the network.
The post Moonbeam Wins the Second Polkadot Parachain Auction Contributing 35 Million DOT appeared first on Coingape.


Moonbeam, the EVM-compatible smart contract platform has won the second parachain auction on Polkadot. The announcement came on Thursday, November 25 as Moonbeam said that more than 200K contributors worldwide contributed a total of 35 million in DOT tokens worth a staggering $1.4 billion. The an...

coingape.com

Moonbeam Wins the Second Polkadot Parachain Auction Contributing 35 Million DOT

Will Polkadot (DOT) price breach $100? Polkadot announced that DOT token holders had passed Referendum 41 and a successful Parachain launch sets Polkadot up for the next step in its journey towards being a multi-chain network.
Major Market Updates for Polkadot (DOT)

Polkadot’s Parachain auctions will make it possible for developers to register, build, and source funding for their projects on the Polkadot ecosystem.
Joe Petrowski a member of Web3 Foundation believes that the success of Kusama and assessment by Parity shows that the code for Parachains, auctions, and crowd loans are all ready for an initial production release.

Going forward, let’s analyze the price charts of the DOT vs. BTC and DOT vs. USDT, identifying the significant levels and chart patterns and seeing how the recent fundamental events and announcements show the trend direction.
DOT Price Prediction: DOTBTC Weekly Chart

DOT the native cryptocurrency of the Polkadot ecosystem breaks above the bearish trend line and 13 September resistance against the BTC, followed by a bull-trap candlestick formation after last week’s price close.
Following the recent events on the Polkadot network, the bull-trap candlestick formation may only last for a price correction in the new week, and we can see increased demand for the DOT token over Bitcoin in the coming days.
DOT Price Prediction: DOTUSDT Weekly Chart

Starting the DOTUSDT analysis from a weekly chart overview, we notice a breakout of bearish divergence resistance after the recent weekly closing price. 
Although we may see a short-term slowing of the DOTUSDT, the general trend outlook for the crypto-pair remains bullish in the mid-term.
Higher RSI readings above level-75 already hint at a parabolic price surge for the DOTUSDT as we enter the remaining weeks of Q4 ’21.
DOT Price Prediction: DOTUSDT Daily Chart

Last week’s bullish closing price and rejection of the significant bearish resistance shows that the DOTUSDT could surge towards the $100.00 round number resistance in the coming weeks, considering that the DOTUSDT crypto-pair already flags a parabolic trajectory with a higher RSI reading on the daily time frame.
DOT Price Prediction: DOTUSDT 4 Hr Chart

After finding support above the inside-bar support of 02 November 04:00, we start to see a slowing of bullish momentum upon reaching the 04 November 12:00 resistance.
The DOTUSDT could trade within the $55.0965 and 48.0056 price range before bursting into new price highs in the coming days.
However, a breakdown of the $48.0056 support hints at a dipper price correction before the anticipated bullish trajectory. The DOT ecosystem maintains a bullish sentiment as we go into the new week.
The post DOT Price Prediction: Polkadot(DOT) Price Eyes $100, Here Are Next Levels to Look Out on Daily, Weekly and 4 Hr Charts appeared first on Coingape.


Will Polkadot (DOT) price breach $100? Polkadot announced that DOT token holders had passed Referendum 41 and a successful Parachain launch sets Polkadot up for the next step in its journey towards being a multi-chain network. Major Market Updates for Polkadot (DOT) Polkadot’s Parachain auctions ...

DOT Price Prediction: Polkadot(DOT) Price Eyes $100, Here Are Next Levels to Look Out on Daily, Weekly and 4 Hr Charts

PRESS RELEASE. Litentry, a decentralized identity aggregation protocol, has revealed the launch of its Crowdloan Reward Program scheduled to go live from November 4, 2021. This represents a significant development in its quest to win a slot ahead of the upcoming Polkadot parachain auction. Join the crowdloan on Binance now to enjoy 20% LIT (20,000,000 LIT) total supply with an extra $2.5M reward pool, with approx. 2760% APY as of Nov 4.
An Innovative Crowdloan program
Crowdloan is a growing trend taken by projects to receive enough funding to participate in Polkadot’s parachain auction. Participants contribute by staking DOT into a crowdloan vault stored on the blockchain for a designated period. 
Compared to other projects, Litentry has designed an innovative crowdloan system that incentivizes contributors. To this effect, Litentry has allocated 20,000,000 LIT tokens representing 20% of its token supply as basic rewards for the crowdloan campaign. Interested participants have until December 17, 2021, to lock their tokens in the crowdloan pool, which has a hardcap of 8,000,000 DOT, which none of it’s slot 1 competitors has. This hardcap would make sure the DOT rewards each participant gets will not be diluted after the staking DOTs reaches a safe winning amount.
Contributors will need to stake a minimum of 5 DOT into the crowdloan staking pool to be eligible for rewards. The staking pool will be locked for 96 weeks, and rewards distribution will begin once the Litentry parachain connects to the Polkadot relay chain. 
Litentry will be rewarding participants a minimum of 12.5 LIT tokens for every 5 DOT staked. Contributors can also get an additional 10% bonus by staking their tokens before the parachain auction or a 5% bonus during the first seven days of the parachain auction. Also there will be an extra 10% identity related bonus which will be announced soon. Giving supporters a total reward of 24% of LIT supply.
Participants can stake on Binance now to enjoy a Warm-Up promotion 1-week Warm-Up promotion will receive an extra pool of 500,000 LIT plus liquidity BDOT.
Litentry has also partnered with DeFi platforms Bitfrost and Parallel Finance to provide lending options for crowdloan contributors. Users can contribute to Litentry crowdloan pool from both platforms and receive rewards in LIT tokens + liquidity DOT derivatives.
Polkadot Parachain Auction is huge for Litentry ecosystem
Litentry is a privacy-Preserved DID Aggregator that serves unique functions in the ecosystem & provides liquidity, interoperability and consistency for the multi-chain identity data. Becoming a Parachain maximizes the efficiency of sharing identity data between Litentry and other Parachain projects. 
With an aggregated cross-chain identity, blockchain projects will be able to offer dedicated graded identity services to power next-generated Web 3.0 services. For example, Litentry can be deployed and used to calculate an individual’s credit rating to facilitate analyzed DeFi services. With all the on-chain activities data aggregated by Litentry on individual addresses, user’s can generate proof in a decentralized manner by submitting the addresses for activities like IDO/airdrop whiteslisting. 
The potentials of Litentry are endless and users can become part of this innovative protocol by staking their DOT in the crowdloan pool. In addition, the 96 weeks staking period also represents an excellent long-term investment for contributors who will generate value from their DOT tokens and receive LIT tokens as rewards for their stake. 
About Litentry 
Litentry is a decentralized identity aggregation protocol that functions across multiple networks. It features a DID indexing mechanism and a substrate-based credit computation network. Litentry also provides a decentralized, interoperable identity aggregation service that reduces the difficulty of resolving agnostic DID mechanisms. 
Litentry has developed an innovative ecosystem through which users can manage their identities and dApps obtain real-time credit/reputation of an identity owner across multiple blockchains. 
You can follow the latest updates on Litentry using the following links: 
Website  Telegram  Twitter  Discord
 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



























PRESS RELEASE. Litentry, a decentralized identity aggregation protocol, has revealed the launch of its Crowdloan Reward Program scheduled to go live from November 4, 2021. This represents a significant development in its quest to win a slot ahead of the upcoming Polkadot parachain auction. Join t...

news.bitcoin.com

Litentry Crowdloan Allocates 20% LIT Total Supply and Partners With Binance With Extra $2.5M Reward Pool

Historical data reveals a consecutive slump of Polkadot’s DOT price upon reaching 1billion USD open interest. Increasing open interest shows a growth in the number of derivatives contracts that’s currently at play, which also implies more retail trading involved with the crypto-asset.

Polkadot’s founder Dr. Gavin Wood stated that the 960 million USD grant will be used to develop, improve, and educate the growing ecosystem of the Polkadot network.
Projects looking to launch on the Polkadot network are currently raising capital to bootstrap their Parachain auctions, while Polkadot investors look out for the best projects to support by locking their DOT tokens while expecting air-dropped tokens in return.

Let’s dive into the price charts of the DOTBTC and DOTUSDT and get an idea of how the upcoming Parachain auction, among other fundamental events, could affect the DOT price.
Polkadot Price Analysis: DOTBTC Weekly Chart 

A series of bearish divergence setups on the DOTBTC chart suggested an increase in demand for the BTC over the DOT crypto-asset.
However, recent higher RSI readings hint at a bullish sentiment towards the DOTBTC pair, which suggests growing demand for the DOT altcoin.
The bullish inside bar support that followed the bear-trap candlestick pattern confirmed a decision for the DOTBTC to breakout above the bearish trend line from the bearish divergence on 13 September ’21.
Polkadot Price Analysis: DOTUSDT Weekly Chart 

Following a similar path as the DOTBTC, the DOTUSDT price from the weekly chart above sky-rocket after a bullish inside-bar candlestick pattern on 25 Oct ’21.
The resistance level established by the bearish divergence [13 September ‘21] gave in to growing buying power on 11 October ’21 and sends the DOTUSDT into new price discovery zones.
Polkadot Price Analysis: DOTUSDT Daily Chart

A daily chart overview shows the DOTUSDT in an established uptrend with higher RSI values above level-25 and level-75 [red colored labels] after exiting a consolidation phase that was set up by alternating bearish and bullish divergence signals.
We expect a price pull-back towards the 22 October support for a chance to scale back into the growing trend.
Polkadot Price Analysis: DOTUSDT 4 Hr Chart

The rising trend continues on the intraday 4HR time frame as the DOTUSDT sets higher peaks and higher troughs.
Opposing bearish and bullish divergence setups at press time signal a slowing of the rising trend where RSI values below level-25 should signal the continuation of the uptrend.
A breakdown of the $48.0056 support could imply a steep price pull-back before resuming the bullish campaign.
The post DOT Price Analysis: DOT Breaks All-Time High, Wait for Dip Or Buy Now? appeared first on Coingape.


Historical data reveals a consecutive slump of Polkadot’s DOT price upon reaching 1billion USD open interest. Increasing open interest shows a growth in the number of derivatives contracts that’s currently at play, which also implies more retail trading involved with the crypto-asset. Polkadot’s ...

DOT Price Analysis: DOT Breaks All-Time High, Wait for Dip Or Buy Now?

  
Polkadot (DOT) is potentially in the initial stages of a parabolic upward movement that could cause it to greatly increase in value.



Polkadot has been moving upwards since the beginning of July. On Oct 14, it broke out from the $41.35 horizontal resistance area. This was crucial since the area presented the final obstacle prior to a new all-time high price. 



DOT validated the area as support on Oct 27 (green icon) and the rally accelerated after. 



On Nov 2, Polkadot reached a new all-time high price of $53.35. The next resistance is found at $73.53, created by the 1.61 external Fib retracement level when measuring the most recent drop. Due to the price being at an all-time high, such Fib levels are often used to estimate the next resistance levels. 



Technical indicators support the continuation of the upward movement. 



The MACD, which is created by short and long-term moving averages, is positive and increasing. This means that the short-term trend is faster than the long-term one. 



The Supertrend, which uses volatility to determine the direction of the trend, shows a bullish trend since the DOT price is above the indicator line (green). 



More importantly, the RSI has broken its bearish divergence trendline and is moving upwards. This means that momentum is getting stronger at the same rate as the price increase.



DOT Chart By TradingView



Wave count



The wave count also supports the continuation of the upward move at a rapid pace.



It suggests that DOT is in wave three of a five-wave upward movement (orange). The first potential target for the top is found at $85. This would give waves 1-3 a 1:1.61 ratio, common in such upward movements.



Considering the 1.61 resistance at $73, the entire $73-$85 region could act as a potential area for a local top.



DOT Chart By TradingView



DOT/BTC



Cryptocurrency trader @Pentosh1 outlined a DOT/BTC chart, stating that it’s likely to move towards new all-time highs next.



Source: Twitter



The DOT/BTC pair shows a similarly bullish chart. 



The pair has broken out from a descending resistance line that’s been in place since the May all-time high. This is a sign that the ongoing correction has come to an end. 



Furthermore, both the RSI and MACD support the continuation of the upward movement. 



The next resistance is found at ₿0.001 — at the aforementioned all-time highs. If DOT breaks out, it could increase all the way to ₿0.0014.



DOT Chart By TradingView



For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.
  The post Polkadot (DOT) Celebrates New All-Time High — Where to Next? appeared first on BeInCrypto.


Polkadot (DOT) is potentially in the initial stages of a parabolic upward movement that could cause it to greatly increase in value.
The post Polkadot (DOT) Celebrates New All-Time High — Where to Next? appeared first on BeInCrypto.


Polkadot price	$36.81
Low - High 24H	$35.43 - $37.49
Market cap	$39.01B
Volume 24H	$1.05B
All time high	$54.98 -33.08% November 4th 2021
All time low	$2.70 1263.94% August 20th 2020
Genesis date	N/A

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