{"id":505174,"date":"2022-10-06T12:42:42","date_gmt":"2022-10-06T12:42:42","guid":{"rendered":"https:\/\/ktsl888.com\/?p=505174"},"modified":"2022-10-06T13:11:58","modified_gmt":"2022-10-06T13:11:58","slug":"polkadot-seeing-lots-of-development-activity","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/polkadot-seeing-lots-of-development-activity\/","title":{"rendered":"Polkadot Seeing Lots Of Development Activity – But Why Is DOT Stuck In The Cellar?"},"content":{"rendered":"

As a result of the new cooperation by Polkadot with the KILT Protocol, the company’s development efforts have been on the rise.<\/p>\n

The latter announced via its official Twitter account that the protocol is currently functioning as a Polkadot interface.<\/p>\n

The fact that KILT originally operated as a chain on the Kusama network served as a springboard for their transition to operating as a parachain on the Polkadot network.<\/p>\n

In addition, KILT stated that they were the first parachain to successfully migrate their whole network to Polkadot.<\/p>\n

As a result of these changes, Polkadot’s rate of development has been on the rise since the collapse in July 2022, and it has now surpassed its previous high point in May 2022.<\/p>\n

However, in recent weeks, the network’s native token, DOT, has been underperforming, even as the network as a whole has been doing well.<\/p>\n

Related Reading: SAND Has Just Been Added On Binance US \u2013 Will It Hit $1 In The Coming Days?<\/a><\/strong><\/div>\n

A Major U-<\/strong>Turn For Polkadot<\/strong><\/h2>\n

There is now a trading range for DOT between $6.12 and $6.83. This is the range in which the token\u00a0has traded since the beginning of the most recent decline, which began on September 18 and continued through September 19.<\/p>\n

Although news of\u00a0the development has been good, the price news has not been as favorable.<\/p>\n

As of this writing, DOT is trading at $6.47<\/a>, up 2 percent in the last seven days, data from Coingecko show.<\/p>\n

\"\"<\/p>\n

Chart: TradingView.com<\/a><\/pre>\n
The consistency of the DOT price may indicate that bulls and bears are competing to have the upper hand.<\/p>\n
The intraday bull\/bear power indicator is close to equilibrium, indicating that a break may occur shortly.<\/p>\n
On a 4-hour timeframe, the momentum is fairly optimistic, although this has yet to develop into a gain. As of the time of writing, DOT is developing a bullish cup and handle pattern, which could indicate an imminent rally.<\/p>\n
The fear and greed indicator indicates a gloomy view, which will make such a rebound extremely difficult to achieve.<\/p>\n
DOT Recuperation In The Long Term?<\/strong><\/h2>\n
DOT bulls might consider the $6.12 support line highlighted previously. This is where the crypto\u00a0has bounced twice, showing that bulls have the momentum to break through the $6.83 78.60 Fibonacci barrier.<\/p>\n
However, the\u00a0bulls should also be careful, as a breach of the $6.12 support could precipitate a further market decline.<\/p>\n
It is essential for the\u00a0bulls to pursue long-term gains in DOT, as this might gradually drive the price upward.<\/p>\n
For the time being, though, investors and traders might utilize the cup and handle pattern to justify their next DOT investment.<\/p>\n
Related Reading: Chainlink Crosses $6.18 Trillion In Transaction Value \u2013 Will This Boost LINK Price?<\/a><\/strong><\/div>\n
<\/p>\n
DOTUSD pair is now trading at $6.48 | Featured image from Cryptopolitan, Chart: TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
As a result of the new cooperation by Polkadot with the KILT Protocol, the company’s development efforts have been on the rise. The latter announced via its official Twitter account that the protocol is currently functioning as a Polkadot interface. The fact that KILT originally operated as a chain on the Kusama network served as a springboard for their transition to operating as a parachain on the Polkadot network. In addition, KILT stated that they were the first parachain to successfully migrate their whole network to Polkadot. As a result of these changes, Polkadot’s rate of development has been on the rise since the collapse in July 2022, and it has now surpassed its previous high point in May 2022. However, in recent weeks, the network’s native token, DOT, has been underperforming, even as the network as a whole has been doing well. Related Reading: SAND Has Just Been Added On Binance US \u2013 Will It Hit $1 In The Coming Days? A Major U-Turn For Polkadot There is now a trading range for DOT between $6.12 and $6.83. This is the range in which the token\u00a0has traded since the beginning of the most recent decline, which began on September 18 and continued through September 19. Although news of\u00a0the development has been good, the price news has not been as favorable. As of this writing, DOT is trading at $6.47, up 2 percent in the last seven days, data from Coingecko show. Chart: TradingView.com The consistency of the DOT price may indicate that bulls and bears are competing to have the upper hand. The intraday bull\/bear power indicator is close to equilibrium, indicating that a break may occur shortly. On a 4-hour timeframe, the momentum is fairly optimistic, although this has yet to develop into a gain. As of the time of writing, DOT is developing a bullish cup and handle pattern, which could indicate an imminent rally. The fear and greed indicator indicates a gloomy view, which will make such a rebound extremely difficult to achieve. DOT Recuperation In The Long Term? DOT bulls might consider the $6.12 support line highlighted previously. This is where the crypto\u00a0has bounced twice, showing that bulls have the momentum to break through the $6.83 78.60 Fibonacci barrier. However, the\u00a0bulls should also be careful, as a breach of the $6.12 support could precipitate a further market decline. It is essential for the\u00a0bulls to pursue long-term gains in DOT, as this might gradually drive the price upward. For the time being, though, investors and traders might utilize the cup and handle pattern to justify their next DOT investment. Related Reading: Chainlink Crosses $6.18 Trillion In Transaction Value \u2013 Will This Boost LINK Price? DOTUSD pair is now trading at $6.48 | Featured image from Cryptopolitan, Chart: TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":505179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,1742,83457,87127,9753],"class_list":["post-505174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-digital-currency","tag-dot","tag-kilt-protocol","tag-polkadot"],"acf":[],"yoast_head":"\nPolkadot Seeing Lots Of Development Activity As DOT Struggles<\/title>\n<meta name=\"description\" content=\"As a result of Polkadot's new cooperation with the KILT Protocol, the company's development efforts have been on the rise in the past days.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Polkadot Seeing Lots Of Development Activity – But Why Is DOT Stuck In The Cellar?","url":"http:\/\/ktsl888.com\/news\/polkadot-seeing-lots-of-development-activity\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/polkadot-seeing-lots-of-development-activity\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/Polkadot.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/Polkadot.png?fit=842%2C604"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","digital currency","dot","kilt protocol","polkadot"],"dateCreated":"2022-10-06T12:42:42Z","datePublished":"2022-10-06T12:42:42Z","dateModified":"2022-10-06T13:11:58Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Polkadot Seeing Lots Of Development Activity – But Why Is DOT Stuck In The Cellar?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/polkadot-seeing-lots-of-development-activity\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/polkadot-seeing-lots-of-development-activity\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Polkadot.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Polkadot.png?fit=842%2C604\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"digital currency\",\"dot\",\"kilt protocol\",\"polkadot\"],\"dateCreated\":\"2022-10-06T12:42:42Z\",\"datePublished\":\"2022-10-06T12:42:42Z\",\"dateModified\":\"2022-10-06T13:11:58Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/Polkadot.png?fit=842%2C604","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/505174"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=505174"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/505174\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/505179"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=505174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=505174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=505174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}