Polkadot Treasury Reserves at All-Time Low And DOT Bears Aren’t Helping

Quick Summary:

Polkadot Treasury Reserves Down To All-Time Lows Unyielding bears have been forcing prices lower over the months since DOT rose to around $10 in Q1 2024, depleting the Polkadot Treasury Reserves.

Policy Intervention To Boost Funds To further increase inflows into the Treasury Reserves, the Polkadot community passed a policy to reduce inflation.

Even though the platform promotes blockchain interoperability, a feature needed in the age of increasing fragmentation, DOT prices have failed to inspire bulls.  This state of affairs on price charts reflects the general trend across the board, especially in leading smart contract platforms like Ethereum and Solana.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: United KingdomKenya

Topics: DOT Polkadot Treasury Reserves Polkadot Polkadot Polkadot inflation Polkadot staking DOTUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 02:30:57 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 372 words

Reading Time: 3 minutes read

Sentences: 79 lines

Sentence Length: 5 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23367702

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