Polkadot (DOT) has been one of the highest performers this week. Regardless of your complete market’s decelerate, the altcoin recorded a 12.67% all through the final seven days. The asset went from buying and selling at a low of $4.02 all the way in which to a excessive of $4.55. This got here as a significant respite for the DOT market which has been struggling for some time now. Regardless of its slight rise within the closing months of 2024, the asset’s annual value change stands at a adverse 50%. However, the Securities and Trade Fee’s newest transfer may herald nice good points for the asset.
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Polkadot’s Present Market
DOT had a reasonably bullish day because it went from buying and selling at $4.33 all the way in which to $4.55. This comes after a 1.97% rise over the previous 24 hours. On the time of writing, the asset was buying and selling at $4.53. It must be famous that DOT has been buying and selling 91% beneath its all-time excessive. The altcoin hit a peak of $55 about three years in the past in 2021. In truth, DOT is nearer to its all-time low of $2.69.
As companies have began focusing extra on small-cap cryptocurrencies, Nasdaq has submitted documents to the SEC requesting permission to record and commerce shares of the 21Shares Polkadot Belief. Extra just lately, the SEC acknowledged this submitting. This got here as nice information to the DOT market.
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March End Price Prediction
Polkadot will fail to hold this development onto the ultimate week of March 2025. Information from CoinCodex highlights the way it will dip all the way down to a low of $4.10 earlier than rising to a excessive of $4.25 on March 31. The asset will clearly finish the month on a bearish be aware. However, it must be famous that the above-mentioned value ranges are a lot increased than what the asset was buying and selling at earlier this week.
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