In the latest Polkadot News, the DOT price is exposed to pressure, and despite the submission of Dotetf in the United States and the Polkadot 2.0 plan, the profit of the fourth quarter has been reversed.
tOne month after the rally increased by 200 % and reached nearly $ 8, Polkadot slips down, decreasing by almost 50 % in a week.
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All profits posted in November and December were reversed, and after the legs in the fourth quarter of 2024, the price was expected to be even higher.
Interestingly, this bearing wave lasts despite the important development of Polkadot's ecosystem. Recently, the 21 share has submitted a spot Polkadot Exciented Trade Fund (ETF) to the US Securities and Exchange Commission (SEC).
In addition, the team is eager and enthusiastic about developing Polkadot 2.0 to make the network more efficient and promote developers' activities.
Dot price drop will reverses profit Q4 2024 What about Polkadot News like Dot ETF?
It is clear that the seller is controlling, even if the optimism is high. From the daily chart, the buyer could not reverse the loss that started on December 9th.
Since then, coins have fallen below $ 6 and have lost 55 % after slump. Technically, as long as Dot falls below $ 6, coins can cause more losses.
(Dotusdt)
In the short term, local support is $ 3.5 and the lowest value of the 2024 quarter is recorded. If this level is broken and the seller keeps pushing, the dot may fall to a few months low due to an unexpected bear trend.
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21 share files of SPOT DOT ETF
If the outlook is changed and the dots are fixing a place that exceeds $ 6, the emotions must change.
Submission of Spot Polkadot ETF by 21SHARES, a US -based digital asset manager, is a step in the right direction.
The asset manager proposes a 21 -share Polkadot Trust.
(sauce)
If approved, the derivative will be traded as a shareholder dot custardian in CBOE BZX Exchange between Coinbase and Coinbase.
Recent spot ETFs, such as SPOT Ethernereum ETFs, are not as successful as the Spot Bitcoin ETF released in the United States in January 2024, but are more confident.
If it is approved by SEC, the demand of the dot will probably shoot higher and lift emotions.
Polkadot 2.0 Building: asynchronous backing and elastic scaling
In that case, even the progress of the team, including the Polkadot 2.0 plan, will drive the dots further.
Polkadot is scalable, but developers want to improve efficiency, scalability and ease of use.
Agile CoreTime is already live, and Parachains has changed to how to purchase calculation resources. This feature allows developers to purchase a large amount or demand, resulting in a reduction in cost.
In addition, the team is set for asynchronous backing and elastic scaling. The goal is to improve the block production speed of the paracharin while adjusting the use of resources based on demand. When implemented, Polkadot easily scales and becomes more efficient.
However, how the dot price evolves in the short term greatly depends on the market emotions. If bitcoin faces more headwinds and falls below $ 90,000, dot may be after loss.
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Post Polkadot reverses the profit of Q4 2024 despite the submission of ETF: What is next? First appeared in 99 Bitcoin.
