• Polkadot (DOT) is in the green and showing signs of price recovery.
• The coin has seen a spike in development activity and a 4% increase in the last 24 hours.
• Its eco-friendly qualities have the potential to drive positive momentum for the coin.
Polkadot (DOT) is a blockchain platform that provides a secure, scalable, and interoperable environment for the development of decentralized applications. After experiencing a plunge in its funding rate, the coin appears to be recovering and showing signs of price recovery, making it a potential investment opportunity.
Recent price activity has seen a 14.9% increase in its market cap dominance, and a 4% increase in its price in the last 24 hours, trading at $6.50 as of press time. The coin has also seen a spike in development activity, as evidenced by the CCRI Report 2022, which ranks Polkadot second only behind US Household in terms of total yearly electricity consumption. This eco-friendly quality of Polkadot could be a driving force for its positive momentum.
The sentiment around Polkadot remained negative last December, but its low electricity consumption could soon change public sentiment to positive. This, in turn, could be a great news for Polkadot’s price. With all the positive developments surrounding Polkadot, the coin appears to be headed in the right direction, making it a potential investment opportunity.
Furthermore, cryptocurrency platforms such as Punt Casino and Wild.io are offering no-deposit bonuses and daily bonuses, as well as 10 BTC in prizes monthly, which could be a great way to get involved with Polkadot. In addition, BitStarz Player recently landed a record win of $2,459,124, and the next big winner could be you.
In conclusion, Polkadot’s eco-friendly qualities, development activity, and price recovery are all signs that the coin is on the rise. With no-deposit bonuses and the potential to become the next big winner, Polkadot appears to be a great investment opportunity.