In the latest Polkadot news, the price of DOT is under pressure, as the Q4 2024 gains reflects ETF points in the United States and Polkadot 2.0 plans
R.After months of assembly by 200 % and reaching approximately $ 8, Bolkadot slides, and decreased by about 50 % in one week.
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Reverse all the gains published in November and December, which led to more pressure on the holders of the point, who expected prices to go up after the leg in the second quarter of 2024.
Interestingly, this Haboodi wave continues despite the decisive developments in the Polkadot ecosystem. Recently, 21shares applied to the ETF with the United States Securities and Exchange Committee (SEC).
In addition, the team builds and is keen to launch Polkadot 2.0 to make the network more efficient and developer’s driving activity.
Decrease point price, Q4 2024, gains: What about polkadot news like Dot Etf?
Even with higher optimism, it is clear that the sellers control. From the daily graph, buyers were unable to reflect the losses that started on December 9.
Since then, the currency has decreased to less than 6 dollars, lost 55 % after the recession. Technically, you have long trading less than $ 6, the currency may spread more losses.
(Dotusdt)
In the short term, domestic support is at $ 3.5, and its lowest Q4 2024 is distinguished. If this level is broken and the sellers are pressure, DOT may decrease to its lowest levels over several months in the formation of continuing to follow the unexpected bear.
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21 Shares Files for a Spot Dot Etf
If these expectations are to change and transfer their place over $ 6, feelings must change.
The introduction of Spot Polkadot Etf by 21 Shares, a Swiss -based digital asset manager in the United States, is a step in the right direction.
The asset manager suggests creating 21 Shares Polkadot Trust, which will be directly exposed to the shareholders.
(source)
If approved, the derivative of the CBOE BZX Stock Exchange will be traded with Coinbase as the will of the shareholders.
Although the investment funds circulated in modern sites, such as Spot Ethereum ETF, were not successful like Spot Bitcoin ETF, which was launched in January 2024 in the United States, confidence is high.
If it is approved by the Supreme Education Council, it is likely to be launched a higher dot request and raising the morale.
Polkadot 2.0 Building: Intellectually Support and Flexible Expansion
In this event, even the progress made by the team, including Polkadot 2.0 plans, will increase the point.
Although Polkadot is developed as it is, developers want to improve efficiency, expansion and ease of use.
Agile Coretime is already exists and has made changes to how to purchase mathematical resources. This feature allows developers to purchase resources in large or upon request, which reduces costs as a result.
In addition, the team prepares simultaneous support and flexible scaling. The goal is to enhance the mass production speeds of umbrellas while controlling the use of resources on the basis of demand. Once it is implemented, Polkadot will easily expand and become more efficient.
However, how DOT prices develop in the short term will be largely dependent on market morale. If Bitcoin faces more opposite winds and drops to less than $ 90,000, DOT is likely to spread losses.
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Post Polkadot reflects Q4 2024 gains despite the ETF file: What is the following? First appeared on 99bitcoins.