Why did DOT Polkadot crash (DOT-Polkadot)?
Why did DOT Polkadot crash? It has been shown on the Binance market that the P
Why did DOT Polkadot crash? It has been shown on the Binance market that the Polkadot project DOT has dropped nearly 30% from its highest point. There are many reasons for this, such as recent news that the transfer fee of DOT has been reduced to around $1, but due to high transaction fees, trading could not be carried out, resulting in the need to shut down. Therefore, many people are not interested in this news. So what is the reason for the dot price drop? Let’s analyze why DOT crashed.
DOT Polkadot
DOT Polkadot is the first DOT token issued on PolkaBase, and its value mainly comes from staking rewards and parallel chain auctions.
DOT is a blockchain-based data structure (data availability layer). It builds and implements a permissionless, highly scalable, and decentralized network using Substrate to support any type of application or the operation of an application.
DOT currently has a market value of $1 billion and a circulation of 500 million tokens. (CryptoSlate)
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