What is behind the rally? By Cointelegraph

Polkadot soars almost 30% to $ 10 billion market capitalization: What’s behind the rally?

Polkadot (DOT), the second largest smart contract protocol in the cryptocurrency market by valuation, is up nearly 30% in the last 24 hours. Polkadot’s market capitalization has also surpassed $ 10 billion, solidifying its position as the fifth largest crypto asset. There are several main reasons behind the strong uptrend of the DOT: a strong technical structure of the market, the anticipation of scalable blockchain networks, and the craze for the DeFi.DOT / USDT (Binance) daily price candlestick chart. Source: TradingView.com DOT price and sentiment (daily). Source: TheTieContinue Reading on Coin Telegraph

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will accept no responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading financial markets, it is one of the riskiest investment forms possible.