Polkadot Gains Prior to Halving
DOT increased as traders anticipated a supply reduction, though technical indicators suggest the rally may stem from broader market sentiment.
DOT rose significantly on Wednesday, Feb. 25. It outperformed other large-cap assets just weeks before the network's planned supply halving. The price is now at $1.54, which is a 23% increase over the last 24 hours. Data from CoinGecko indicates a market capitalization near $2.6 billion. Daily trading volume has also risen above $420 million. I think we should watch if these levels hold or if we see a correction. Let me know your analysis on this movement.
