Polkadot Price Recap: $DOT Trades Back Above $7

By Taaza Facts

Published on:

Polkadot Price Recap: $DOT Trades Back Above $7

Polkadot ($DOT) continues the battle to keep above the $7 mark. $DOT started the week off trading below its support level, regaining its strength to gain 4% over the past week. 

The battle continues as Polkadot claws its way back to trade above $7. The coin saw a good week, gaining 4.08% in the past seven days, at $7.02. 

Polkadot ($DOT) Barely Maintains Recovery

After starting the week close to its bearish support level of $6.40, $DOT managed to recover over the week to trade above $7. The week started with a volatile session in which $DOT traded between $6.48 and $6.83. Monday’s session eventually settled at $6.67. Sellers took control of the price on Tuesday, pushing $DOT down by almost 3% to $6.48. The Wednesday session saw $DOT rebound from its support level. 

DOT’s price rose above the $7 mark, settling at $7.03. Friday’s session saw the price settle higher at $7.20, with Saturday’s session ending around a similar price.

On Sunday, sellers appeared to gain control, with $DOT hovering between $7.00 and $6.99, dropping by 2.45%.

User Engagement at a Record High

$DOT’s upward momentum this week appeared to be spurred by high user engagement and activity on Polkadot, with active address hutting an all-time high for a second consecutive month. By the end of April, the network recorded 650,000 active addresses, significantly higher than in March.

The rise in active addresses is attributed to Polkadot’s parachain, Moonbeam. 

Polkadot’s good week has further driven an announcement by the Founder Institute. The Founder Institute announced it entered a strategic partnership with Polkadot to lead the first Web3 cohort within its Core Program. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 


Taaza Facts

I am a multifaceted content creator with expertise in blogging, Finance, and Cryptocurrency reviews. My creative journey involves weaving captivating stories in blogs, designing aesthetically pleasing and functional websites, and dissecting the nuances of cinema. We are dedicated to sharing our passion and insights with a global audience.

Related Post

Base Dawgz Tipped As The Next 100x Meme Coin After Hitting $1.75 Millon In Presale

The new meme coin on the Base chain – Base Dawgz ($DAWGZ) – has raised over $1.75 million in its ICO.  DAWGZ reaching this milestone in ...

Kinetix Unveils AI-Powered DeFi Suite Ahead of KAI Token Launch on June 20

DeFi platform Kinetix recently sparked waves across the Web3 arena as it announced a suite of unique artificial intelligence (AI) integrations to revolutionize crypto trading — ...

Bitget Posts Record Numbers for May With Highest Capital Inflow In Its History

Cryptocurrency exchange Bitget continues to go from strength to strength with May going down as a record month for capital inflows. As the crypto bull market ...

WienerAI Presale Raises $6 Million – Is This AI Meme Coin The Next 100x Crypto?

WienerAI – an innovative AI-powered meme coin – has now raised over $6 million in its ongoing presale, a testament to its early demand and strong ...

Leave a Comment

Actor John Abraham Purchases Bungalow In Mumbai For Rs 75.83 Crore Ankita Lokhande: From TV Stardom to Bollywood Dreams | Inspiring Journey Ayesha Khan Lifestyle, Bigg Boss 17 Wild Card, Boyfriend, Family, Munawar faruqui, Age, Biography Kalki 2898 AD – 100 Times Bigger Than Salaar Prabhas Film Bigg Boss 17: Salman Khan scolded Ayesha badly, got angry on Munawar-Ayesha matter