Polkadot’s number of stakers increase but its TVL declined. In fact, Polkadot’s NFT ecosystem witnessed growth, however, trouble might be ahead for DOT. Polkadot Insider revealed that the number of stakers in the Polkadot [DOT] ecosystem has been on a rise since the beginning of this year. As per the tweet, Polkadot’s total staked tokens […]
While the Polkadot ecosystem appeared to be in good health, DOT’s state raised some concerns. According toAt press time, DOT was trading at $6.60 with a market capitalization of over $7.6 billion. However, things might get worse in the coming weeks, as quite a few metrics suggest a further price dip.
Consider this- DOT’s development activity decreased over the last week, which was a negative signal. Its demand in the derivatives market also declined in the last few days as its DyDx funding rate went down. On top of that, as per LunarCrush, bearish sentiment around DOT registered a massive uptick of over 290% in the last seven days, which might bring trouble for DOT holders.Subscribe to get it daily in your inbox.
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