polka dots [DOT] outperforms BTC, ADA, SOL, TRX on this class – AMBCrypto Information

Polkadot has outpaced a lot of its competitors when it comes to its development activities. Several system activities such as parachain lease auction besides new statemint upgrade have played a prominent role.

In the chart below, it can be clearly seen that DOT, after July, has done better than Bitcoin, Cardano, Solana, and Tron.

Source: Santiment

This could be seen as a positive sign for the network. It clearly hints that the developers have been working hard to make improvements and add new features.

One explanation for the increase in developer activity might be the parachain auction, which will allow developers to construct new crypto assets and decentralized apps (dApps) on top of the two sister blockchains — Polkadot and Kusama

But there’s more to the story, the Polkadot community has proposed to update Polkadot’s Statemint, an assets parachain that provides functionality for deploying and transferring assets — both Fungible and Non-Fungible Tokens (NFTs). The update will be to version v9270.

The increasing development activity has garnered the interest of some whales as well with DOT being one of the most used smart contracts among the top 4000 BSC whales in the last 24 hours of 12 September.

The good news, however, does not stop there, Polkadot has also been doing well on social media. Polkadot’s social mentions have increased by 11.86% and its social interactions have increased by 11.21% since last week.

Although Polkadot has seen some encouraging developments, there are still some concerns. Its volume dropped substantially in the previous week, falling by around 51.61%.

Polkadot’s marketcap dominance has taken a hit as well and has depreciated by 9.24% in the last 30 days.

Source: Messari

Polkadot’s price, at the time of press, saw a 2.63% increase in the last 24 hours. It was trading at $7.91 with an appreciation of 3.49% in the last seven days.

Although numerous elements are favorable to Polkadot, readers should use caution before engaging in a transaction.


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Dot sample [DOT] could possibly be on a brief bullish dash thanks to those developments – AMBCrypto Information Polkadot

Dot sample [DOT] could possibly be on a brief bullish dash thanks to those developments – AMBCrypto Information

Dot pattern [DOT] and Cardano [ADA] Blockchains are known for their intense developer activity...

By Roger Gofman
Astar Community’s Web3 Advert Showcases 329 Prime Manufacturers in Japan – FinanceFeeds Polkadot

Astar Community’s Web3 Advert Showcases 329 Prime Manufacturers in Japan – FinanceFeeds

Blockchain innovation hub Astar Network is making strides in driving Web3 adoption around the...

By Roger Gofman
Crypto Value In the present day: Bitcoin Recovers $20,000;  Solana & Polkadot acquire as much as 8% – Financial Instances Polkadot

Crypto Value In the present day: Bitcoin Recovers $20,000; Solana & Polkadot acquire as much as 8% – Financial Instances

New Delhi: Crypto tokens traded sharply higher on Tuesday after a solid loss for...

By Roger Gofman
Lucy Boynton pairs a denim jacket with a polka dot skirt whereas filming scenes for romantic comedy – Day by day Mail Polkadot

Lucy Boynton pairs a denim jacket with a polka dot skirt whereas filming scenes for romantic comedy – Day by day Mail

Lucy Boynton pairs a denim jacket with a polka dot skirt while filming scenes...

By Roger Gofman
Bitcoin Options With Huge Development Potential In 2022 – ReadWrite Polkadot

Bitcoin Options With Huge Development Potential In 2022 – ReadWrite

Bitcoin was introduced in 2009, but a person or group of people named Satoshi...

By Roger Gofman
Staking Replace: August-September 2022 Polkadot

Staking Replace: August-September 2022

See the full list of monthly staking updates here. These updates have been written...

By Roger Gofman
Dot sample [DOT]: Does a drop on this entrance imply a drop on this entrance – AMBCrypto Information Polkadot

Dot sample [DOT]: Does a drop on this entrance imply a drop on this entrance – AMBCrypto Information

Dot pattern, she had one high development activity For quite some time we've been...

By Roger Gofman
Metacryp’s Stress-free Gameplay, Polkadot’s Canary Community, and Polygon’s Versatile Framework – Euro Weekly Information Polkadot

Metacryp’s Stress-free Gameplay, Polkadot’s Canary Community, and Polygon’s Versatile Framework – Euro Weekly Information

If you go to coinmarketcap.com today, you will probably be surprised by the number...

By Roger Gofman

Latest Posts

Dot sample [DOT] could possibly be on a brief bullish dash thanks to those developments – AMBCrypto Information Polkadot

Dot sample [DOT] could possibly be on a brief bullish dash thanks to those developments – AMBCrypto Information

Dot pattern [DOT] and Cardano [ADA] Blockchains are known for their intense developer activity...

By Roger Gofman
Stellar

Prime DeFi Funding Rounds in LatAm – 2022 – LatamList

Interest in crypto and DeFi has exploded in Latin America over the past year....

By Roger Gofman
CryptoSlate Wrapped Day by day: Binance Targets Cyber ​​Monetary Crimes;  CEL tanks after Alex Mashinsky resigns from Celsius – CryptoSlate Binance

CryptoSlate Wrapped Day by day: Binance Targets Cyber ​​Monetary Crimes; CEL tanks after Alex Mashinsky resigns from Celsius – CryptoSlate

Some of the biggest news in the cryptosphere for September 27 include Binance's new...

By Roger Gofman
Ethereum

ÐΞVcon-0 Recap

Day 1 - Monday 24th Nov - ÐΞV: Mission and Processes The first day...

By Roger Gofman
ITS HAPPENING AGAIN (Historical past Repeating)!! Ethereum Worth Prediction, Bitcoin Information In the present day (BTC & ETH) Videos

ITS HAPPENING AGAIN (Historical past Repeating)!! Ethereum Worth Prediction, Bitcoin Information In the present day (BTC & ETH)

ITS HAPPENING AGAIN (History Repeating)!! Ethereum Price Prediction, Bitcoin News Today (BTC & ETH)...

By Roger Gofman
Rocketize Token, Child DogeCoin and Shiba Predator: These meme cash will show you how to keep away from the unfavorable results of the bear market – NewsWatch Dogecoin

Rocketize Token, Child DogeCoin and Shiba Predator: These meme cash will show you how to keep away from the unfavorable results of the bear market – NewsWatch

It is possible to see an upward trend in transaction volume with the new...

By Roger Gofman
Cardano (ADA) is listed by the Swiss Crypto Asset Administration Service – U.At this time Cardano

Cardano (ADA) is listed by the Swiss Crypto Asset Administration Service – U.At this time

Alex Dovbnya A Swiss crypto wealth management app has added support for the Cardano...

By Roger Gofman
Astar Community’s Web3 Advert Showcases 329 Prime Manufacturers in Japan – FinanceFeeds Polkadot

Astar Community’s Web3 Advert Showcases 329 Prime Manufacturers in Japan – FinanceFeeds

Blockchain innovation hub Astar Network is making strides in driving Web3 adoption around the...

By Roger Gofman