{"id":515198,"date":"2023-01-06T20:20:33","date_gmt":"2023-01-07T01:20:33","guid":{"rendered":"https:\/\/uniquehot.com\/?p=515198"},"modified":"2023-03-08T07:26:26","modified_gmt":"2023-03-08T07:26:26","slug":"polkadot-dot-inks-10-rally","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/polkadot-dot-inks-10-rally\/","title":{"rendered":"Polkadot (DOT) Inks 10% Rally In Last 7 Days, Makes Case As &#8216;Non-Security&#8217; Asset"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Polkadot (DOT) is riding a solid bullish momentum that enabled it to stay in the green for the past 24 hours and maintain significant gains in the last seven days.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to tracking from <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/polkadot\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coingecko<\/span><\/a><span style=\"font-weight: 400\">, at the time of writing, DOT is changing hands at $4.69, tallying a weekly hike of 10%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Moreover, the 13<\/span><span style=\"font-weight: 400\">th<\/span><span style=\"font-weight: 400\"> largest cryptocurrency in terms of market cap has managed to trim its 30-day losses down to just 11.4% although it is still several miles away from its all-time high value of $54.98%.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum-investors-gain-4-5\/\" target=\"_blank\" rel=\"noopener \">Ethereum Gains 4.5% in Weekly Timescale As Shanghai Upgrade Nears<\/a><\/div>\n<p><span style=\"font-weight: 400\">Holders, though, need to be cautious as some of its technical indicators show that Polkadot\u2019s surge might be short-lived.<\/span><\/p>\n<p><span style=\"font-weight: 400\">DOT might soon experience strong selling pressure as indicated by its Relative Strength Index (RSI) which is currently hovering at the 50% region.<\/span><\/p>\n<h2><b>DOT No Longer A Security<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Although there\u2019s a lot of uncertainty in DOT\u2019s future as far as trading price is concerned, it would seem that the crypto asset has put itself in a very good position to avoid being choked by strict regulations that threatens the broader crypto space.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Following the collapse of the FTX exchange platform that made investors lost a lot of money and the continued proliferation of crypto scams, analysts expect that international governments will soon bring the hammer down to <\/span><a href=\"https:\/\/ambcrypto.com\/what-dot-holders-need-to-know-in-case-crypto-regulation-hammer-drops\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">better regulate<\/span><\/a><span style=\"font-weight: 400\"> ownership, selling, buying, trading and use of cryptocurrencies.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-515199 aligncenter\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/a-24.png?resize=419%2C460\" alt=\"\" width=\"419\" height=\"460\"><\/p>\n<p><span style=\"font-weight: 400\">Polkadot, however, could be safe from this looming threat as <\/span><a href=\"https:\/\/twitter.com\/Web3foundation\/status\/99736576?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E99736576%7Ctwgr%5E768f961b4c8319390557d464c4af91f61802ecce%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fambcrypto.com%2Fwhat-dot-holders-ne\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">according to Web3 Foundation<\/span><\/a><span style=\"font-weight: 400\">, the altcoin is no longer considered as a security but more like a software.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In addition, the team behind the project have been proactively working with the U.S. Securities and Exchange Commission (SEC) for a more sensible regulation.\u00a0 In doing so, DOT might have just saved itself from this market landscape-changing development.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/PWS7RROc\/\" width=\"2047\" height=\"979\"><\/p>\n<pre style=\"text-align: center\">DOT total market cap at $5.3 billion on the daily chart | Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<h2><b>Polkadot Price Forecast<\/b><\/h2>\n<p><span style=\"font-weight: 400\">As there is no clear timetable yet for the enforcement of additional regulations for the crypto space, DOT investors need to turn their focus first on what awaits the digital asset in the days to come.<\/span><\/p>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-515200 aligncenter\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/a-25.png?resize=424%2C460\" alt=\"\" width=\"424\" height=\"460\">Chart: Coincodex<\/pre>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/matic-up-6-5-in-last-7-days\/\" target=\"_blank\" rel=\"noopener \">MATIC Advances 6.5% In Last 7 Days \u2013 Can It Sustain Gains For Another Week?<\/a><\/div>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/coincodex.com\/crypto\/polkadot\/price-prediction\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coincodex<\/span><\/a><span style=\"font-weight: 400\">, Polkadot\u2019s price is poised slightly increase within the next five days as the digital currency is forecasted to change hands at $4.73.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The 30-day forecast for the altcoin is also bullish as it is predicted to make a significant jump from its current trading value all the way up to $6.26.<\/span><\/p>\n<p><em>-Featured image: Coin Guru<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polkadot (DOT) is riding a solid bullish momentum that enabled it to stay in the green for the past 24 hours and maintain significant gains in the last seven days. According to tracking from Coingecko, at the time of writing, DOT is changing hands at $4.69, tallying a weekly hike of 10%. Moreover, the 13th largest cryptocurrency in terms of market cap has managed to trim its 30-day losses down to just 11.4% although it is still several miles away from its all-time high value of $54.98%. Related Reading: Ethereum Gains 4.5% in Weekly Timescale As Shanghai Upgrade Nears Holders, though, need to be cautious as some of its technical indicators show that Polkadot\u2019s surge might be short-lived. DOT might soon experience strong selling pressure as indicated by its Relative Strength Index (RSI) which is currently hovering at the 50% region. DOT No Longer A Security Although there\u2019s a lot of uncertainty in DOT\u2019s future as far as trading price is concerned, it would seem that the crypto asset has put itself in a very good position to avoid being choked by strict regulations that threatens the broader crypto space. Following the collapse of the FTX exchange platform that made investors lost a lot of money and the continued proliferation of crypto scams, analysts expect that international governments will soon bring the hammer down to better regulate ownership, selling, buying, trading and use of cryptocurrencies. Polkadot, however, could be safe from this looming threat as according to Web3 Foundation, the altcoin is no longer considered as a security but more like a software. In addition, the team behind the project have been proactively working with the U.S. Securities and Exchange Commission (SEC) for a more sensible regulation.\u00a0 In doing so, DOT might have just saved itself from this market landscape-changing development. DOT total market cap at $5.3 billion on the daily chart | Chart: TradingView.com Polkadot Price Forecast As there is no clear timetable yet for the enforcement of additional regulations for the crypto space, DOT investors need to turn their focus first on what awaits the digital asset in the days to come. Chart: Coincodex Related Reading: MATIC Advances 6.5% In Last 7 Days \u2013 Can It Sustain Gains For Another Week? According to Coincodex, Polkadot\u2019s price is poised slightly increase within the next five days as the digital currency is forecasted to change hands at $4.73. The 30-day forecast for the altcoin is also bullish as it is predicted to make a significant jump from its current trading value all the way up to $6.26. -Featured image: Coin Guru<\/p>\n","protected":false},"author":557,"featured_media":515201,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,6664,1558,83457,9753,3631,3810],"class_list":["post-515198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-crypto","tag-cryptocurrency","tag-dot","tag-polkadot","tag-regulation","tag-security"],"acf":[],"yoast_head":"\n<title>Polkadot (DOT) Inks 10% Rally In Last 7 Days, Makes Case As &#039;Non-Security&#039; Asset<\/title>\n<meta name=\"description\" content=\"Polkadot (DOT) is riding a solid bullish momentum that enabled it to stay in the green for the past 24 hours and maintain significant gains in the last\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/polkadot-dot-inks-10-rally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polkadot (DOT) Inks 10% Rally In Last 7 Days, Makes Case As &#039;Non-Security&#039; 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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