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NewsBTC 2022-10-06 12:42:42

Polkadot Seeing Lots Of Development Activity – But Why Is DOT Stuck In The Cellar?

As a result of the new cooperation by Polkadot with the KILT Protocol, the company’s development efforts have been on the rise. The latter announced via its official Twitter account that the protocol is currently functioning as a Polkadot interface. The fact that KILT originally operated as a chain on the Kusama network served as a springboard for their transition to operating as a parachain on the Polkadot network. In addition, KILT stated that they were the first parachain to successfully migrate their whole network to Polkadot. As a result of these changes, Polkadot’s rate of development has been on the rise since the collapse in July 2022, and it has now surpassed its previous high point in May 2022. However, in recent weeks, the network’s native token, DOT, has been underperforming, even as the network as a whole has been doing well. Related Reading: SAND Has Just Been Added On Binance US – Will It Hit $1 In The Coming Days? A Major U-Turn For Polkadot There is now a trading range for DOT between $6.12 and $6.83. This is the range in which the token has traded since the beginning of the most recent decline, which began on September 18 and continued through September 19. Although news of the development has been good, the price news has not been as favorable. As of this writing, DOT is trading at $6.47, up 2 percent in the last seven days, data from Coingecko show. The consistency of the DOT price may ind...

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