Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Polkadot Forum => Topic started by: admin on January 21, 2021, 05:10:47 PM
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I admit i haven't done the DYOR, but Polkadot does not feel influenced by market moves much
It means that the ownership of the coin is in the hands of the owners still, and big partners like binance
if the coin was spread, it would follow the market ... with a 14 billion market cap it is not undervalued
(https://i.imgur.com/lHzLPBz.jpg)
few hours later we have some changes, it seams that dot is dropping, but is it really ?
(https://i.imgur.com/yywyCpu.jpg)
huge amounts of polkadot are held by binance, the deal for listing
and CMC was bought by binance
Manipulation is high, transparency is non existent
And that's how exchanges take your money ... manipulating coins they hold huge amounts of, to take your btc and eth
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The total market cap has binance across a huge space. Many investors use binance to trade on dot. The total market has grown. In our country, signals are given for trading in binance exchange on many channels, big and small. It is beneficial to follow the signals. However those who followed the dot signal. The current market price has to be followed.
(https://i.ibb.co/g9ddfVw/IMG-20210122-091309.jpg)
See market dominance. It is difficult to say for sure whether it will be able to maintain the current market price at any time. If the condition worsens, it is very difficult to digest.
(https://i.ibb.co/1sMmvRK/IMG-20210122-091232.jpg)
See how much the price has fluctuated in the last 30 days. Investors did not have to wait long. In the short term everyone has benefited. Total market cap is likely to decline.
(https://i.ibb.co/wW8L337/IMG-20210122-091208.jpg)
When you observe the price of any coin in coinmarketcap, you will observe that coin binance again. Prices will vary greatly. Lots of ups and downs at the same time. Which was updated late at coinmarketcap.
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Good point, i also agree on it. The present market doesn't have any influence on PolkaDOT. It seems to me that DOT holders are holding huge amount of DOTs specially Binance. It has holding a lion's share of DOT where huge investors of DOT are keeping their DOTs in staking. I have read an article where they have claimed that around 50% of DOT are engaged in staking. Such locked situation pushes the market value of DOT to the uptrend as demand is high compared to the supply prevailing in the market after locked staking of Binance, and other few exchanges. Now we can see its results in the market and again marketcap hits $15.9 B with price increase to $17.50.
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Market was a bad situation that time.but On Binannce Exchange i see their is no slot is open for staking for that huge investor staking on Binannce exchange for that price was low.But they publish new news at present price increasing day by day that is good condition now. so think now positive site now.
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Even with such huge amount held by binance I don't think it has affect the price growth of dot, it seems to be increasing accordingly the past few days, the more new investors come in the more dot price will shoot up, so far the project has not disappoint at all.