{"id":291640,"date":"2021-06-10T07:35:34","date_gmt":"2021-06-10T11:35:34","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=291640"},"modified":"2024-05-31T13:42:01","modified_gmt":"2024-05-31T13:42:01","slug":"polkadot-price-jumps-10-to-23-85-how-to-buy-dot","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/polkadot-price-jumps-10-to-23-85-how-to-buy-dot","title":{"rendered":"Polkadot Price Jumps 10% to $23.85 – How to Buy DOT"},"content":{"rendered":"

Polkadot is not only leading the altcoin pack in terms of performance, but it is also the most improved digital currency in the top 10 list<\/a>. DOT coin has been gaining support from the broader crypto market, and this is propelling its value higher. At the time of writing, Polkadot was trading at around $23.<\/p>\n

One of the main factors that has influenced Polkadot’s gains is the support provided by the bitcoin price<\/a> rebound. Bitcoin recovered to around $37,000, and it brought altcoins up with it. The majority of cryptocurrencies shifted to the green zone by the end of trading on Thursday. Polkadot’s new gain registers a 14% rise in the past 24 hours.<\/p>\n

Polkadot’s Price Analysis<\/h2>\n
\"Polkadot’s<\/a>
Source: TradingView<\/figcaption><\/figure>\n

Polkadot price: indicators turn bullish<\/h2>\n

Polkadot’s price analysis shows that the token has significantly improved based on the moving average data. The 100 Simple Moving Average (SMA) and the 50 SMA show that polkadot is currently beyond critical levels. If the coin can maintain its trend above these levels, the coin may finally reach $28.<\/p>\n

Buy Crypto Now<\/span><\/a><\/div>\n

The Moving Average Convergence Divergence (MACD) indicator also shows that the token may eliminate the sell-off when the token reaches $28, which may push DOT above $30. The MACD indicator evaluates the trend of an asset and is used to show the buy and sell points.<\/p>\n

The Relative Strength Index (RSI) also shows that DOT is in a strong bull position. If the RSI moves towards the overbought region, it shows that the bulls have become more aggressive. However, the indicator can also be used as a signal to show investors they need to be cautious when investing in DOT coins because a market correction can happen at any time.<\/p>\n

Kusama (KSM) parachain bolsters DOT price<\/h2>\n

Polkadot bulls are not expected to stop any time soon. Kusama<\/a>, an earlier version of Polkadot also used as an experiment by developers who want to launch on Polkadot, is expected to launch a parachains auction next week.<\/p>\n

The parachains auctions are slated to start on June 15. Once the Polkadot network is fully deployed, it will be more expensive for developers to win a slot. Every auction on Polkadot parachains will last for one week, and it will require a minimum of 1 million DOT tokens, whose value is approximately $23 billion, going by today’s prices. The demand for DOT coins during this auction is expected to trigger more bulls.<\/p>\n

One of the leading institutions that have already booked a slot for the Polkadot Parachains is Master Ventures. The private venture capital firm based in Asia has set aside a $30 million fund<\/a> to invest in a parachains slot for Polkadot buy buying DOT tokens.<\/p>\n

How to buy DOT<\/h2>\n

eToro<\/h2>\n

For those who want to purchase polkadot, the best place to check is at a crypto exchange. There are many crypto exchange platforms, but eToro stands out as the best platform for crypto trading.<\/p>\n

eToro is an ideal platform even for beginner traders. It offers a copy trading service that allows a new trader to copy what experienced traders are doing. The feature is recommended because it allows new traders to increase their chances of making profits.<\/p>\n

Opening an account on eToro is free, and the trading fees charged on transactions are also affordable.<\/p>\n

Looking to buy or trade Crypto<\/strong> now? Invest at eToro!<\/strong><\/p>\n

<\/p>

Buy Crypto Now<\/span><\/a><\/div>\n

75% of retail investor accounts lose money when trading CFDs with this provider<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Polkadot is not only leading the altcoin pack in terms of performance, but it is also the most improved digital currency in the top 10 […]<\/a><\/div>","protected":false},"author":1717,"featured_media":273772,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[11431,12225,12215,12224,9135],"class_list":["post-291640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-dot","tag-ksm","tag-kusama","tag-parachain-auctions","tag-polkadot"],"acf":[],"yoast_head":"\nPolkadot Price Jumps 10% to $23.85 - How to Buy DOT<\/title>\n<meta name=\"description\" content=\"With Polkadot auctions set to start soon, the price of the token of the interoperable blockchain is rising, with Kusama helping. 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