Binance’s $10M Endorsement Leads to 90% Surge For Polkadot (DOT)

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining


Polkadot (DOT) surged more than 9 percent last week following a home page listing and vote of confidence by cryptocurrency exchange Binance. 

According to data compiled by CryptoCompare, DOT, the native token and cross-chain protocol for Polkadot rose 91% in one week following an endorsement from leading cryptocurrency exchange Binance. 

On December 23, Binance announced a $10 million fund to support projects on Polkadot’s network. The fund was designed to “empower innovative projects” being built around the Polkadot ecosystem and as a broader commitment under Binance’s Launchpool to bring decentralized finance (DeFi) experiences to exchange users. 

The release states, 

Polkadot is a fast-growing blockchain ecosystem supporting over 300 ecosystem projects to-date, including the recently launched Reef Finance. As a multi-chain operating environment, Polkadot supports cross-chain registries, computation, assets and data transfer.

Following the fund’s announcement, Polkdaot’s price began to climb, culminating in a new all-time high of $9.27 on December 31. DOT briefly replaced ETH on Binance’s homepage, leading to a massive surge in exposure for the lesser-known DeFi project. 

After the situation was brought to the attention of Binance CEO Changpeng Zhao, the chart was replaced by one for ETH/BUSD.

Polkadot was founded by ethereum co-founder Gavin Wood as a blockchain network that supports interconnected sub-chains called “parachains.”

Featured Image Credit: Photo via Pixabay.com

Source link



Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close