Polkadot Developments Show Strength, Despite Coin’s 18% Loss

Q: How long will it take to read this news story?

The story "Polkadot Developments Show Strength, Despite Coin’s 18% Loss" has 443 words across 74 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Polkadot Developments Show Strength, Despite Coin’s 18% Loss" was covered 18 hours ago by NewsBTC, a news publisher based in United Kingdom.

Q: How trustworthy is 'NewsBTC' news outlet?

NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United Kingdom and publishes an average of 5 news stories per day. It's most recent story was published 12 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21979983</li><li>URL: https://beamstart.com/news/polkadot-developments-show-strength-despite-172310</li></ul>

NewsBTC Logo NewsBTC 18h ago

Polkadot Developments Show Strength, Despite Coin’s 18% Loss - NewsBTC

Quick Summary:

However, this has not deterred investors from keeping their eyes on DOT as it slowly makes its way upward. Related Reading: Bloody Monday: Cardano Not Spared From Bloodbath, Suffers 30% Loss This is partly due to Polkadot’s continuing on-chain developments that helped ease market anxieties after the broader sell-off that happened this week.

By the end of July, Bifrost had a total of $80.8 million in total value locked (TVL) and over 8 million voucher DOT (vDOT) minted.vDOT is the protocol’s representation of DOT staked on the platform and according to this high number, DOT is an active token used in staking on Bifrost. Peaq, a parachain focused on decentralized physical infrastructure networks (DePIN), secured a partnership with Roam, a fellow DePIN-focused platform.

However, this maybe thwarted by the bears as the market currently favors the downward pressure felt by investors and traders in the short term. Despite this, positive developments can alleviate the shaken confidence brought by the market’s sharp decline this week.