Due to its unique parachain architecture, Polkadot (DOT) is known as a pioneer in cross-chain interoperability. But what about its interaction with other networks? Here's why this type of system is of paramount importance for Polkadot (DOT).

Why do we need cross-network bridges on Polkadot (DOT)?
First of all, cross-network interoperability will be crucial in real-world blockchain use cases. For instance, an insurance company, its client and his/her bank might use different blockchains for their operations. That is why, to act as a single system, it will need cross-network bridges.

Polkadot explains the concepts of its cross-chain bridges
One more type of obvious use case for cross-chain bridges includes the connection of "Internet-of-Things" devices (microcontrollers, "smart plugs," etc.) to data systems.

That is why Polkadot (DOT) is highly focused on building decentralized cross-network bridges. The first example of how Polkadot (DOT) implements this concept is the Substrate-native "generic chain."

Developed by Parity Technologies, it ensures the seamless interaction between Polkadot (DOT) and its "sister" testnet chain, Kusama (KSM). It is also compatible with other Substrate chains.

Bridging Bitcoin (BTC), Ethereum (ETH), Eos (EOS) with Polkadot
Besides the existing chain, there are a number of experiments with cross-network bridges backed by Web3 Foundation grants. The Interlay team is working on a trustless bridge between Polkadot (DOT) and Bitcoin (BTC). With Interlay, users will be able to mint Bitcoin-pegged assets PolkaBTC on Polkadot (DOT).

Snowfork is tasked with developing a direct bridge between Ethereum (ETH) and Polkadot (DOT). Snowfork allows Polkadot-based applications to send DAI stablecoin directly to Ethereum (ETH).

Also, Bifrost has deployed a testnet EOS-Polkadot bridge, Bifrost Asgard CC3. Further, Bifrost's releases will allow interaction with EOS.IO-based smart contracts.

Alongside that, bridges to Binance Smart Chain (BSC), Tron (TRX) and Filecoin (FIL) are under construction.

Polkadot (DOT) Indicates Main Types of Bridges to External Networks
https://cryptonews.net/488896/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

Polkadot price manifested bull ride vibes a couple of days before indicating a possible initiation of a Polkadot Season. The bull run escorted the asset to enter the top 5 cryptocurrencies including Cardano.

Despite both lost their positions, DOT successfully regained the lost position and currently is the fourth largest cryptocurrency according to market capitalization.

The Polkadot ecosystem is anticipated as the upcoming blockchain platform addressing the issues of the current trending ethereum ecosystem. And hence, many projects are scheduled to be released in 2021 which may rally the DOT price to the next level.

However, the projects currently working on the Polkadot ecosystem like Kusama(KSM), Polkastarter(POLS), Polkacover(CVR), Polkabridge(PVR), etc are performing exceptionally with a notable surge.

As mentioned by a popular analyst, Lark Davis, the Polka-based projects are currently undervalued and they will be the biggest moneymakers of 2021. Moreover, the analysts raised his DOT price prediction from $100 to $300.

I was wrong about Polka $dot… I used to think $100 was a reasonable target for this bull run. That is not the case. I now think $300 is much more likely.

— Lark Davis (@TheCryptoLark) February 19, 2021
DOT price Flys High!
The DOT price was trending in a narrow ascending channel for a couple of days, which compelled the price to remain below $35. However, the price broke the ascending channel and surged high to smash new ATH in the early trading hours.

ADA price
The DOT price at the time of writing is on the verge to test the levels around the ATH yet again, within a very short timeframe. This indicates the strong bullish momentum the asset holds and also manifest the impassive run to form new higher levels.

Currently, the DOT price is $38.23 with a jump of 16.27% in the past 24 hours, just 1.03% lagging behind the ATH at $38.49. The bull run seems to break the $40 mark very soon forming a couple of ATH in the same working day and hence flying high in the coming days.

On the contrary, the RSI levels are already entered the overbought area above 80 levels and hence a slight pullback cannot be ruled out. Yet the Polkadot price is expected to rebound within a small timeframe and hit the target set at $100.

A Popular Analyst Predicts Polkadot (DOT) Price to Hit $300 Very Soon!
https://cryptonews.net/473043/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

Dogecoin mining rewards along with transaction volumes are now comparable with those found in Litecoin and Bitcoin Cash. 

Dogecoin vs. Litecoin and Bitcoin Cash

Dogecoin has quickly attained the 13th position in market capitalization. DOGE token has gained 1800% since the beginning of the year.

DOGE logged the majority of its price gains on Jan. 28 and 29, as GameStop hype and a tweet from Elon Musk pushed the token to new all-time highs.


Gerald Votta, the Director of Communications at crypto market research firm Quantum Economics, discussed the viral movement behind the meme coin with Crypto Briefing.

“The power of the meme has created value, and that dog’s face is a powerful marketing tool which has proven to be viral time and time again,” said Votta.

Support from Elon Musk has added a lot of credibility to the cryptocurrency. In fact, the on-chain stats of DOGE have improved considerably, competing with leading payment protocols in Litecoin and Bitcoin Cash.


Dogecoin Transaction Fees Surpass Litecoin and Bitcoin Cash
https://cryptonews.net/471888/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

After a break above the $5.000 resistance, EOS price started a strong increase against the US Dollar. It broke the $5.200 resistance and traded to a new yearly high at $5.605.

Later, there was a sharp downside correction below the $5.000 support. The price even spiked below the $4.500 level, but it remains well bid above $4.000. A low is formed near $4.065 and the price is currently rising. There was a break above the $4.200 and $4.500 resistance levels.

The price cleared the 50% Fib retracement level of the downward move from the $5.605 high to $4.065 low. It is now trading well above $4.500 and the 55 simple moving average (4-hours). There is also a major bullish trend line forming with support near $4.700 on the 4-hours chart of the EOS/USD pair.

An immediate resistance is near the $5.000 zone. It is close to the 61.8% Fib retracement level of the downward move from the $5.605 high to $4.065 low.

A clear break above the $5.000 and $5.050 resistance levels will most likely set the pace for a push towards the $5.600 level. Any more gains might lead the price towards the $6.000 level. Conversely, there could be another downside correction towards the trend line support at $4.700.

The 55 simple moving average (4-hours) is also near $4.600 to act as a strong support. Any more losses could lead the price towards the $4.420 support zone.



Sorce:- EOS Price Analysis: Fresh Increase To $5.5 Seems Likely
https://cryptonews.net/471581/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

If you look at the cryptocurrency market, you can see that the price of all the coins has already gone up.I think at the present time it would be most appropriate to buy and hold doge coins.Because already the biggest investors are paying more attention to doge coins.Because they think that if you can buy and hold doge coins, you can make a lot of profit in the future.Doge Coin has had a good performance in a few days.Do you agree with me that it is really possible to make a good profit by buying coins?If you agree, please leave a comment.

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