Here’s What’s Needed for Leading Ethereum Rival To Surge by 700% and Reclaim All-Time High: Coin Bureau Host - BitcoinEthereumNews.com
crypto EthereumNarito Kung Ano ang Kailangan para sa Nangungunang Karibal sa Ethereum na Umakyat ng 700% at I-reclaim ang All-Time High: Coin Bureau Host06 / 30 / 2022Balita ng Ethereum ng Bitcoin A popular crypto analyst is identifying what could help leading Ethereum rival Polkadot (DOT) recapture its all-time high. Sa isang bagong video, ang host ng Coin Bureau ay si Guy nagsasabi his 2.07 million subscribers the reasons for DOTs poor price performance. “First is the fact that the rest of the crypto market has been getting wrecked, notably [Bitcoin] whose price is strongly correlated with DOTs.” He says that DOTs circulating supply has increased by around 55 million in the last four months, creating sell pressure that pushes down the price of the cross-chain platform. The analyst says that Polkadot does not have enough demand to offset the sell pressure as the amount of DOT held by exchange-traded products for Polkadot fell by more than 70% since February. The crypto asset is also not required to pay for transaction fees on Polkadots parachains. The problem there is that the demand for DOT has been on the decline as the crypto bear market sets in and not just from retail investors… The demand for DOT will