1
The Polkadot token price is up by 5.17% in the past 24 hours and was at $8.65 at the time of writing.
2
A bullish crossover of the EMAs was noted on the chart which suggests a strong outlook.
Polkadot is an open source multi chain protocol that connects and enables the exchange and transaction of data or assets. It allows easy development and integration of custom blockchains using polkadot substrate.
The basic polkadot chain is the relay chain, and there are several other parachains that can run in parallel. It also has a native token called “DOT”. It is used for stake placement, governance and bonding.
Polkadot Crypto Price Technical Analysis
The technical analysis of the daily chart illustrates that the Polkadot crypto has been on a continuous rise since mid November. The price is headed higher, forming higher highs and higher lows.
Recently, the DOT crypto price slipped down after attempting to surpass $10 level. The price then fell back ne
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