bitcoin
Bitcoin (BTC) $ 17,209.75
ethereum
Ethereum (ETH) $ 1,277.07
tether
Tether (USDT) $ 0.999951
bnb
BNB (BNB) $ 289.82
usd-coin
USD Coin (USDC) $ 0.99962
xrp
XRP (XRP) $ 0.393102
binance-usd
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dogecoin
Dogecoin (DOGE) $ 0.098184
cardano
Cardano (ADA) $ 0.314402
solana
Solana (SOL) $ 13.67
matic-network
Polygon (MATIC) $ 0.92507
polkadot
Polkadot (DOT) $ 5.41
tron
TRON (TRX) $ 0.054424
bitcoin
Bitcoin (BTC) $ 17,209.75
ethereum
Ethereum (ETH) $ 1,277.07
tether
Tether (USDT) $ 0.999951
bnb
BNB (BNB) $ 289.82
usd-coin
USD Coin (USDC) $ 0.99962
xrp
XRP (XRP) $ 0.393102
binance-usd
Binance USD (BUSD) $ 0.99982
dogecoin
Dogecoin (DOGE) $ 0.098184
cardano
Cardano (ADA) $ 0.314402
solana
Solana (SOL) $ 13.67
matic-network
Polygon (MATIC) $ 0.92507
polkadot
Polkadot (DOT) $ 5.41
tron
TRON (TRX) $ 0.054424
Friday, December 9, 2022
HomeMarket UpdatesPolkadot (DOT/USD) claims a brand new yearly low. The place will the...

Polkadot (DOT/USD) claims a brand new yearly low. The place will the cryptocurrency go subsequent?


Polkadot (DOT/USD) could possibly be headed to $4 subsequent. That was after shedding 3.5% on Tuesday to say a brand new low within the 12 months of $5. The cryptocurrency was buying and selling in a transparent downtrend, paving the way in which for additional declines.

The decline in DOT worth displays the overall sentiment. Most cryptocurrencies had been within the purple, highlighting the numerous influence that the FTX collapse had on the overall sentiment. DOT has now misplaced 15% within the week, the most important loser within the high 15 cryptocurrencies by market cap.

It must be famous that Polkadot has been seeing a surge in exercise, a spotlight that the platform continues to be a best choice. Nevertheless, bears have none of it, as the worth has gone in the wrong way. That begs the query, why is that this so?

It might be time to recognise the true essence of crypto – bringing onboard decentralisation. Platforms resembling Polkadot have grown due to the important thing function they play. Thus, the earlier positive factors within the native tokens have largely resulted from hypothesis. So, when dangers set in, as it’s at the moment, a bear market is sure to comply with. Going by the risk-on sentiment, the present worth dynamics of DOT present we have to put together for a chronic bear market.

DOT worth evaluation because the bear market intensifies

DOT/USD Chart by TradingView

A technical outlook of DOT exhibits that the bear weak point intensified after a breakout candlestick at $6. The cryptocurrency is buying and selling with weak momentum. That has left a system of decrease lows and decrease highs on the weekly chart.

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What subsequent for DOT?

Following a break under $6, DOT might stay in a bearish marketplace for somewhat longer. The world round $4 supplied some worth motion and must be watched.

The place to purchase DOT    

eToro

eToro provides a variety of cryptos, resembling Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro customers can join with, be taught from, and duplicate or get copied by different customers.

Purchase DOT with eToro right now

Binance

Binance is without doubt one of the largest cryptocurrency exchanges on the planet. It’s higher suited to extra skilled traders and it provides numerous cryptocurrencies to select from, at over 600.

Binance can also be identified for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, resembling; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.

Purchase DOT with Binance right now

BitcoinMasterNews

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