Skip to content Skip to sidebar Skip to footer

Polkadot [DOT] investors should be aware of these updates before pulling out
Aave V3’s funding news might have this impact on alt’s price action
White House’s eye on Cardano can take ADA in this direction
Should Optimism [OP] holders rejoice with Ethereum’s Merge coming up
Litecoin [LTC]: The when and how of traders capitalizing on this opportunity
How real is Bitcoin’s [BTC] next bull rally likely to be
Bitcoin mining difficulties may be a good thing for this BTC mining company
ETH vs. BTC: A change of scenario in the futures market has left BTC at #2
Bitcoin [BTC]’s latest surge may not last long and the culprit is none other than…
Bitcoin (BTC) Price Prediction 2025-2030: Is BTC’s $937K by 2030 target too far off?
Should Optimism [OP] holders rejoice with Ethereum’s Merge coming up
ETH miners may go ‘broke’ thanks to the Merge; too late to reconsider? 
ETH vs. BTC: A change of scenario in the futures market has left BTC at #2
Why Ethereum’s Beacon Chain stands to be of utmost importance post-Merge
Ethereum (ETH) Price Prediction 2025-2030: Is $50K really a realistic target for 2030?
Published
on
By
Polkadot is experiencing what we call a shake-up after mixed emotions surfaced on the network. Despite recent growth on the network, its development activity has slowed down of late. In fact, according to data analytics platform Santiment, Polkadot has been seeing a reverse trend in development activity over the last few days.
Polkadot had a period of high activity from developers between early July and early September. Alas, the rush has since calmed down, with the network soon stagnating on that front.
Source: Santiment
Recently, a Twitter user (@DonnieBigBags) shared an update on Polkadot’s growing NFT ecosystem. In doing so, the analyst shed light on the growing volume of Polkadot-based GMR token which crossed 1 million in volume on Raresama.com in just a week.
In just over 515 sales, two available NFT collections accumulated this amount. This underlined Polkadot’s growing popularity in NFT marketplaces, as well as its acceptance among users.
🔥🔥🔥https://t.co/o3lxFSGPsp has hit 1,000,000 $GLMR in volume already.
Live for a week, only 2 NFT collections. 0 institutional backing. 100% of fees goes to the community.@gavofyork @ParityTech hope you're paying attention.
The $DOT NFT ecosystem is starting. pic.twitter.com/4CT147XTGm
— Donnie 💩 (@DonnieBigBags) September 10, 2022

Despite the aforementioned slowdown, Polkadot has seen accumulation ramp up among whales of late. According to a WhaleStats update, Polkadot is one of the most used smart contracts among top 500 BSC whales today.
This, a timely boost for a community which saw DOT drop down to $6.7 on 7 September. However, the altcoin has seen swift recovery since, with the crypto trading at $7.72 at press time. One of the key drivers behind this hike is the release of a new upgrade by Polkadot’s developers. Polkadot developers recently launched a new network upgrade to modify the Polkadot Runtime to v9270.
After the upgrade was launched, DOT’s price reciprocated and started gaining northbound momentum. This pressure pushed DOT’s weekly gains to around 7%, according to CoinMarketCap. Despite a recent recovery in prices, Polkadot’s charts revealed a worrying pattern for its trading volume.
The network was able to record a daily volume of more than 600 million frequently in August. On the contrary, September has seen a trend reversal of late. In the last 24 hours alone, Polkadot has recorded a 43% dip in volume.
Source: Santiment

Aave V3’s funding news might have this impact on alt’s price action
Kanav is a journalist at AMBCrypto. He has a Masters in Media and International Conflict and is interested in areas of digital society, crypto developments in the political sphere and the socio-cultural impact of a crypto-society.
Polkadot [DOT] can witness some upside thanks to this upgrade
Solana NFT collections and everything latest you need to know
Will Polkadot [DOT] be subjected to sharp sell-off coming week
BAYC, CryptoPunks, MAYC- A status check of NFT markets
Polkadot emerges as ‘Green Blockchain’ winner, but does DOT reciprocate
BAYC’s social engagement can guide NFT holders- Here’s how
Your email address will not be published.




document.getElementById( “ak_js_1” ).setAttribute( “value”, ( new Date() ).getTime() );

Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

source

Leave a comment