Polkadot (DOT) is bullish after a downtrend: what to consider?

Polkadot (DOT) on the upside After a while not quite the best, he again wondered about a cryptocurrency linked, despite everything, to one of the most advanced (technologically also) crypto systems in the blockchain sector.

In the course of our many visions, we had the opportunity several times to talk in detail about the latest updates, which allowed the project to continue to evolve compared to the past. developments that, at least looking at the charts in the short and medium term, They wouldn’t find a match.

In the very short term, looking at the chart for the last 24 hours, something could have changed. The A short walk in recovery Could it represent a new starting point for cryptocurrency? What changes in the original and any comparisons can be made with respect to the past?

We will have the opportunity to deepen all this, not before we mention you as an original icon of the Polkadot ecosystem, called DOTon regulated and professional brokers, such as eToro: A leading broker with a lot of features for registered users, such as starting a working demo account with no time limit.

Bullkadot Bull (DOT): changes in the very short term

Reconnect to the above before going to Polkadot (DOT) to the upsideIt is good to start from the beginning and remember the main stages (positive and negative) shown in the cryptocurrency historical chart.

More specifically, on May 1, 2022, according to major crypto-analytics websites, the cryptocurrency received a Progress increased by about 6.5%. A slight uptick, which however occurs for a moderate downtrend in the last weeks of April. In the early hours of this guided tour, the asset was trading at around $15.23.

The value translated into a percentage and compared with the monthly maximum point recorded in the previous month of April, in any case indicates a decrease of about 36%. The percentage has increased slightly at the time of writing, given that trading prices on the DOT are around $14.99 per unit.

trend so keep doing Discussing experts and analysts, especially with regard to historical results in the medium term. In fact, we remember how in the early days of April, the value of Cryptocurrency Polkadot (DOT) He had the potential to reach and even exceed the $20 aspiration level.

As of today, which is May 3, 2022, and going back to exactly one month, that is, until April 3, 2022, it is already possible to see DOT on shares worth approximately $23.14. There are many uncertainties in the market and it is very difficult to determine what a cryptocurrency can achieve in the short and medium term.

In any case, we will keep you posted on The latest news from the Ministry of Transportwhich we remember is connected in any case to an important ecosystem of the blockchain world, due to its advanced technologies, available to developers and operators in this sector.

Final notes

In complete independence, you can constantly monitor yourself The value and trend of the cryptocurrency Polkadot (DOT)taking advantage of the real-time working graphics provided by the best brokers in the world.

One of the most complete platforms Insert a DOT رمز symbol From the start, it is eToro (here is the official page). It is a platform with a very simplified management, but above all completely organized in the sector (that is, with real licenses).

It is a concrete reference point in the world of cryptocurrency trading and has one of the most complete lists. Inside, you can find both first-generation cryptocurrencies, such as Bitcoin, and more recent cryptocurrencies, such as Polkadot. (DOT), Dydx, 0x And so on.

In many cryptocurrencies, the broker allows buying the underlying asset (and thus the actual cryptocurrency) and trading through CFDs, i.e. Derivative Financial Instruments which repeats the direction of the token in an inverted image. With this second method, it is also possible to act bearish, with short selling.

You can always start with Practical demo account, which is a virtual $100,000 beta mode. You can use it to test all the features of the platform, as well as to test any strategies without the risk of losing your real capital. Finally, let’s remember:

  • the ability to manage activities also via a smartphone;
  • professional help
  • Training section with a lot of information about trading;
  • Analytical indicators that can be used on the charts;
  • It spreads among the lowest in the world.

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