Polkadot Moves Up Before Halving Event
DOT price is rising as investors wait for the supply cut, but we suspect this is just market sentiment driving the move.
Polkadot's native token DOT increased sharply on Wednesday, Feb. 25. This makes it the best performer among large-cap cryptocurrencies a few weeks before the network's planned supply halving. DOT is trading at $1.54, up about 23% in the last 24 hours, according to CoinGecko data. The market cap is near $2.6 billion, and daily trading volume has passed $420 million. We should watch if this price action holds or if it is just short-term speculation. I think we need more data to confirm a sustained trend.
