CandleFocus Polkadot Stalls Below $4.5 Even After Agile Coretime Launch: What’s Going On?
2024-09-24
Author: Content Editor
Polkadot (DOT) is struggling to gain momentum, trading below $4.5 despite the broader market recovery of Bitcoin and Ethereum. The coin is currently trending within a bearish range and has been slow to break the resistance at $4.5. Despite the introduction of Agile Coretime, a crucial feature for the next network phase, Polkadot 2.0, DOT has not seen significant gains. Agile Coretime provides more flexibility and scalability for developers and protocols on the platform. However, DOT's performance is expected to depend on general market sentiment and the performance of Bitcoin and Ethereum. If these coins break their all-time highs, DOT may benefit in the coming weeks.
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