If You Invested In Polkadot In November, It Would Have Generated 43% Higher Returns
Portfolio Pulse from Khyathi Dalal
Polkadot (CRYPTO: DOT) has seen a 43.5% gain in the past month, with a 19% increase over the last 7 days. The circulating supply is 1.3 billion, and trading volumes have risen by 26%. Polkadot 1.0 was released, and USDC went live on its asset hub. Staking increased to 49%, and partnerships with Deloitte and Cardano were announced. Deloitte will use the Kilt blockchain for supply-chain services, and Cardano will use Polkadot's Substrate for its partner chain project. The Web3 Foundation will invest $1 million in U.S. treasury bills on-chain through Anemoy on Centrifuge Chain.
December 14, 2023 | 10:33 pm
News sentiment analysis
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POSITIVE IMPACT
Cardano's token ADA may see increased interest as it announces leveraging Polkadot's Substrate for its partner chain project, indicating collaboration and potential growth.
Cardano's decision to use Polkadot's Substrate could lead to increased utility and interoperability for ADA, which may positively impact its price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Polkadot's token DOT has experienced significant gains and positive developments, including the release of Polkadot 1.0, increased staking, and strategic partnerships.
The positive performance of DOT, coupled with the release of Polkadot 1.0, increased staking, and partnerships with Deloitte and Cardano, suggest a strong short-term bullish sentiment for DOT.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100