Polkadot

Get Polkadot (DOT) all time high price, historical charts, latest news and other information.

Back in 2017, the SEC released Report 21A, better known as the DAO Report. In it, the agency laid out the reasons why the tokens of most DAOs, Polkadot included, should be considered securities.
The paper, however, stated that there were steps development teams could take in order to make their projects not function as securities, should this be desired. In the view of the Web3 Foundation (W3F), DOT does not match the criteria necessary to be considered a security and requests a review from the SEC on the matter.
Software, Not Securities
The 14-tweet thread published yesterday by W3F reads that DOT was never intended to function as a security but as a Layer-1 blockchain, ergo software meant for other companies to build on, according to Chief Legal Officer Daniel Schoenberger.
“When contemplating the launch of the Polkadot network, there was no intention to issue a security. We always thought of DOT as vertical agnostic & use-case agnostic coordinating software.”
Nevertheless, DOT’s development team concedes that the project could have seemed to be intended for financial use primarily and reiterates that they have taken steps to remedy this view.

1/ @Polkadot‘s native token DOT is, and always has been, co-ordinating software. Following W3F’s announcement on DOT morphing into a non-security, read the thread below to learn how DOT was able to morph, what Polkadot is, and the primary goals of the network. pic.twitter.com/sAnU56GnIh
— Web3 Foundation (@Web3foundation) January 26, 2023

Steps Taken to Prevent Unwanted Economic Attention
Since 2019, when the Polkadot whitepaper was published, the W3F development team has held repeated meetings with the SEC to assess the progress of the project toward having the status of DOT as a possible security dropped.
According to the W3F, in order for DOT to be considered merely software, true decentralization had to be achieved, and the organization had taken three key steps.
First of all, the W3F wants to ensure all advertising for Polkadot focuses on technology, not on the token itself. Second, the entity has imposed restrictions on whales, limiting the percentage of total DOT supply in order to ensure fair votes and governance.
Lastly – and most importantly, the W3F has reportedly refused to sell DOT to hedge funds and venture capitalists that were interested in the asset as a purely fiduciary investment.
As a result, the team at W3F believes DOT has “morphed” into software and requests a review of the token by the SEC.
If the agency concurs, it would mean that DOT will no longer be held to the same stringent standards applied to cryptocurrencies used primarily as a store of value.
The post Here’s Why Polkadot’s DOT Is Not a Security According to the Web3 Foundation appeared first on CryptoPotato.

Web3 Foundation, the entity in charge of Pokadot’s development, laid out the reasons why DOT is not a security and why it believes the SEC should acquiesce.


cryptopotato.com

Here’s Why Polkadot’s DOT Is Not a Security According to the Web3 Foundation

The Web3 Foundation has reminded the world that, in its eyes, it has conformed to SEC requirements and DOT should no longer be considered a security. 

cointelegraph.com

Polkadot restates its case that DOT has ‘morphed’ away from security status

Polkadot (DOT) is in the green (see image below) and going steady. Could this hint at price recovery? Even though Polkadot’s funding rate plunged for a while, it is showing some improvement at the time of writing.
Here’s a quick look at DOT price movement:

  Polkadot price is up by 14.9% in the weekly
  DOT low in market cap dominance
  DOT 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. 
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 – 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 
Let’s see more details below #Polkadot $DOT #AVAX #ALGO #BTC #ETH #SOL #ADA pic.twitter.com/S5WxxvJSA0
— 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.




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.  
 


In the event that this positive pattern persists, DOT’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.

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


Polkadot (DOT) is in the green (see image below) and going steady. Could this hint at price recovery? Even though Polkadot’s 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:  Polkadot price is up by 14.9% in ...

newsbtc.com

Polkadot Hints At Price Recovery – Can DOT Go Past 15% Weekly Ceiling?

The crypto industry appears to be slowly recovering from the catastrophic collapse of the FTX crypto exchange, marking one of the worst years in the sector’s history.
However, several blockchain networks are making strides in the terms of development activity.

According to the latest data from the crypto-analytic firm Santiment, Polkadot (DOT) and Kusama (KSM) are leading with the most GitHub commits over the past 30 days. Both networks had a score of 441.5.
Cardano (ADA), Decentraland (MANA), and Status (SNT) are trailing behind, capturing the top five of development activity with a score of 337, 309.83, and 308.83, respectively.
Ethereum (ETH), which went on to become the blockchain with the most active developers in 2022, assumed ninth place with a development activity score of 219.83.
It was ranked behind networks such as Cosmos (ATOM), Filecoin (FIL), and Internet Computer (ICP), which scored 258.33, 252.67, and 220.47, respectively.
GitHub activity is considered a crucial metric when analyzing projects. A lot of developers dedicating their time and skills typically indicates confidence in the particular ecosystem.
Despite the brutal crypto winter, Web3 developers are on the rise. In fact, a recent report by Electric Capital stated that the number of monthly active Web3 developers has increased by 5.4% to more than 23,300 in the past year.
More precisely, the number of “full-time” devs, defined as those who contribute to 76% of GitHub commits, surged by over 8%
A major slump in developer activity was during the fall of the Terra ecosystem in May of 2022. The following three months saw a 26% drop in the number of weekly active Web3 developers.
Overall, 61,127 new Web3 developers were recorded to have entered the industry in 2022, an increase of almost 26% compared to the previous year.

The post Polkadot, Kusama Witness Notable Surge in Development Activity appeared first on CryptoPotato.

Developer counts on non-Ethereum blockchains are catching up. 

Polkadot, Kusama Witness Notable Surge in Development Activity

Polkadot’s DOT started a fresh increase from the $5.60 support against the US Dollar. It correcting gains, but indicators suggest high chances of a fresh increase.

DOT is holding the ground above the $6.00 and $5.80 levels against the US dollar.
The price is trading nicely above the $6.00 support and the 100 simple moving average (4-hours).
There is a major bullish trend line forming with support near $6.05 on the 4-hours chart of the DOT/USD pair (data source from Kraken).
The pair could start a strong rally once it clears the $6.40 and $6.50 resistance levels.

Polkadot’s DOT Eyes Fresh Rally
After forming a base above the $5.60 zone, DOT price started a fresh increase. It climbed above the $5.80 and $6.00 levels to move back into a positive zone.
The bulls were able to push the price above the $6.50 level and 100 simple moving average (4-hours). The price traded as high as $6.82 and recently started a downside correction, similar to bitcoin and ethereum. There was a move below the $6.50 level.
Dot price dipped below the 50% Fib retracement level of the upward move from the $5.59 swing low to $6.82 high. However, the bulls are protecting the $6.15 support zone.
There is also a major bullish trend line forming with support near $6.05 on the 4-hours chart of the DOT/USD pair. The bulls are also protecting the 61.8% Fib retracement level of the upward move from the $5.59 swing low to $6.82 high.
It is also above the $6.00 support and the 100 simple moving average (4-hours). An immediate resistance is near the $6.40 level. The main resistance is still near the $6.65 and $6.80 levels.

Source: DOTUSD on TradingView.com
A successful break above $6.65 and a close above $6.80 could start a strong rally. In the stated case, the price could easily rise 10%-15% in the near term.
Dips Limited?
If DOT price fails to continue higher above $6.65 or $6.80, there could be more losses. The first key support is near the $6.05 and $6.00 levels.
The next major support is near the $5.80 level and the 100 simple moving average (4-hours). Any more losses may perhaps open the doors for a move towards the $5.50 support zone.
Technical Indicators
4-Hours MACD – The MACD for DOT/USD is now losing momentum in the bullish zone.
4-Hours RSI (Relative Strength Index) – The RSI for DOT/USD is now just below the 50 level.
Major Support Levels – $6.05, $6.00 and $5.80.
Major Resistance Levels – $6.40, $6.65 and $6.80.


Polkadot’s DOT started a fresh increase from the $5.60 support against the US Dollar. It correcting gains, but indicators suggest high chances of a fresh increase. DOT is holding the ground above the $6.00 and $5.80 levels against the US dollar. The price is trading nicely above the $6.00 support...

Polkadot price	$6.64
Low - High 24H	$6.43 - $6.71
Market cap	$7.95B
Volume 24H	$242.93M
All time high	$54.98 -87.93% November 4th 2021
All time low	$2.70 146.00% August 20th 2020
Genesis date	N/A

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