Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Last week, Polkadot’s [DOT] value crossed $5.50 amid the market’s bull rally— A price mark untouched since July. Since then, however, there hasn’t been much good news, with bears regaining some degree of control too.

Many in the community remain optimistic too, with some like Crypto Tony remaining bullish on DOT. This, even as the token couldn’t sustain its price movement above the $5.50 level.

$DOT / $USD – Update

Slight rejection here, but a safe long is if we can reclaim the highs at $5.75 .. And hold above $5.10 pic.twitter.com/OxcTJ8BOaN

— Crypto Tony (@CryptoTony__) November 16, 2023

Polkadot, Parachains… Exploring the fundamentals

Before we venture into analyzing DOT’s price movements and future trends, we must understand the related underlying technologies within the historical context of Web 3.0.

Polkadot is a multichain blockchain platform designed for interoperability in the Web 3.0 era. Its core function is to bridge disparate blockchains, whether private, public, or permissionless, into a cohesive network.

The project was started by Ethereum [ETH] co-founder Gavin Wood, Peter Czaban and Robert Habermeier. Wood published the protocol’s Go to Source to See Full Article
Author: AMBCrypto Team

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