DOGE Better Watch Out as Sentiment Around Polkadot Is Most Positive Since 2021 – U.Today

By September 1, 2022Polkadot
Click here to view original web page at

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Crypto analytics agency Santiment has shared a fresh insight spotted in the social metrics of the Polkadot project. According to the portal’s observations, the multi-chain protocol is now experiencing the most positive rates of crowd sentiment on its account since January 2021.
In addition, the values of social volume and dominance of Polkadot show strong growth, which is a consequence of the active discussion of the project on social networks.
#Polkadot is having a high level of positive sentiment this week, and an uptick in discussion rate over the past 24 hours. The 2nd fastest developing asset by its rate of notable #github submissions is down 86% since its November 4th #AllTimeHigh.
At the same time, the last more or less loud event around Polkadot and the “ring” of parachains surrounding it can be considered the return by the Acala development team of almost 3 billion aUSD stolen as a result of the exploit. Its reputation, of course, is damaged, but at least they cleaned up after themselves.
At the moment, Polkadot holds the eleventh position among the top 100 largest cryptocurrencies in terms of capitalization with an indicator of $8.53 billion, as reported by CoinMarketCap. Thus, DOT is only about $500 million short of the symbolic 10tb place occupied by Dogecoin.
That said, given the level of positivity around Polkadot, as well as the project’s well-known strong fundamentals, it can be assumed that in the near future, the project has every chance to close the gap and possibly displace DOGE from its perch.

Financial analyst, trader and crypto enthusiast.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master’s program in banking and asset management.
He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
Disclaimer: Any financial and market information given on U.Today is written for informational purpose only. Conduct your own research by contacting financial experts before making any investment decisions.

All Today's Crypto News In One Place