Polkadot's price has continued to trend bearishly, dropping to $5.23 in the past 24 hours. The token has been moving sideways on the daily chart since May 8, hovering around $5.5 and seeking resistance at $6. Currently, Polkadot is trading at $5.31 with an 8% increase in trading volume over the past 24 hours and a market cap of $6,959,869,885.

The Polkadot market is currently experiencing a bearish trend, with sellers dominating and keeping prices low despite short-term support at $5.29. The bears and bulls have been engaged in a tug-of-war between the $5.29 and $5.45 levels, but the bears have been winning so far.

Investors now have access to multiple cryptocurrency investment opportunities, including DigiToads (TOADS), which offers exciting presale opportunities for those looking to make substantial profits. DigiToads has gained attention from Aave (AAVE) and Polkadot (DOT) investors, with over $3.5 million raised in its sixth presale stage alone.

The year 2022 has been a tumultuous one for the crypto industry, with events like FTX's collapse leading to a crypto winter and significant declines in the prices of popular cryptocurrencies like Solana and Polkadot. This has shifted investors' attention to new promising crypto projects, such as Script Network, which is currently experiencing exceptional gains in the smart contract arena. While Solana and Polkadot are both promising, investors should exercise caution as Solana has not seen any significant price growth in some time, and Polkadot faces stiff competition from other decentralized applications. Many experts believe that Script Network is a vital token to watch out for, with the potential to transform the cannabis industry and make significant gains in the coming years. The company's native token, $SCPT, powers its ecosystem and offers users a range of benefits, including staking, governance, and voting. Early investors can become part of the platform's success story through its ongoing presale stage.

The cryptocurrency market offers potential for high returns, attracting investors worldwide. With the emergence of blockchain technology and decentralized finance (DeFi), there are now more investment opportunities than ever before.

Polkadot's price has decreased to $5.30 after a bearish run, with bears taking over the price charts and pushing prices below $5.40. Resistance is currently at $5.46, and if the bears continue to exert pressure, the DOT price could decline further to support levels of $5.26. The MACD is exhibiting a bearish crossover, and the RSI is in the neutral region, indicating that the bears are currently in control of the market. The key support level to watch out for is $5.26 and the resistance level to look out for is $5.46.

Uniswap, the leading decentralized finance exchange, is expanding its operations by deploying on Polkadot's Moonbeam parachain. This move will enhance interoperability and scalability within the DeFi ecosystem. Uniswap will leverage the advanced infrastructure offered by Polkadot's Moonbeam parachain to reach a wider user base and foster a more seamless experience for DeFi participants. The integration of Uniswap onto Polkadot's Moonbeam parachain is expected to enhance liquidity, foster innovation, and attract new participants to the DeFi ecosystem.

Uniswap, a popular decentralized exchange (DEX), has announced that it will be deploying its V3 iteration on Polkadot in about a month. This decision was made following a near-unanimous governance vote initiated by Blockchain at Michigan, an educational organization that aims to create future blockchain industry leaders. The deployment of Uniswap V3 on Polkadot is made possible by Moonbeam, a parachain running atop the network.

Sparklo (SPRK) is a newcomer to the blockchain field but is rapidly gaining popularity due to its distinct features and quick growth. In comparison to Polkadot (DOT) and Cosmos (ATOM), Sparklo (SPRK) offers blockchain developers a more affordable and convenient option with lower fees and greater scalability. Additionally, investors can own a portion of the metal they invest in thanks to Sparklo’s special fractional ownership feature, enabling smaller investments and greater accessibility. On the other hand, Polkadot (DOT) has suffered multiple hacks and security breaches affecting users, raising serious concerns about its general dependability and security. Cosmos (ATOM) has also come under fire recently for its lack of decentralization and governance issues.

According to the Polkadot price analysis for today, bulls are attempting to reroute the pressure. Despite the earlier steep drops, bulls made a rebound on May 12, 2023, supporting the DOT/USD price at the $5.27 level. Bullish momentum had slowed down yesterday, but today it had greatly increased, and the price had risen to the $5.39 mark. Although bearish pressure is still present, today’s price oscillation is moderate but greater than yesterday’s due to the price’s proximity to the resistance zone.

Polkadot's price has been fluctuating this year due to the general cryptocurrency market's instability. Recently, the coin's value experienced a slight decline, but it has since gained positive momentum. However, the price has been trading sideways within the last 24 hours, indicating a bearish trend. The decline in demand for DOT may lead to greater volatility as traders adjust their positions. Despite this, the departure of Mythical Games from the Ethereum network to launch its new Mythos ecosystem on Polkadot is expected to benefit both ecosystems and drive massive adoption.

Arbitrum’s Chronos Reaches $217M TVL With Staking, Becomes 8th Largest DEX; Decentralized Exchange SushiSwap Rolls Out V3 Liquidity Pool on 13 Chains; Deloitte Enters the Polkadot Ecosystem To Issue Reusable Digital Credentials

Deloitte, one of the world’s largest accounting firms, is integrating the KILT blockchain, a Polkadot parachain focusing on decentralized identities and verifiable credentials, Polkadot announced on May 4.

Polkadot was one of Tuesday’s biggest movers, as the token dropped to a six-week low in today’s session. Prices fell for a long-term support point of $5.60, as the global crypto market cap was once again 1% lower today. Avalanche also hit a price floor on Tuesday.

Injective has managed to successfully incorporate Astar Network, through which it will be made possible for the Injective ecosystem, as well as the Cosmos community, to get effectively connected with Astar’s assets. In this way, two of the biggest networks get incorporated inside of the Polkadot and IBC universes and help in broadening IBC interoperability. This incorporation was achieved because of the recent incorporation of the Celer Network, which provides ASTR assets dotting over the cBridge. 

If you’re looking to invest in cryptocurrency this May, you may want to consider reading this blog to the end.

Fabian Vogelsteller, a core Ethereum Foundation member, has taken to Twitter to discredit the role of Cardano Founder, Charles Hoskinson, in building the Ethereum blockchain. Vogelsteller argued that Hoskinson was never really a founder of Ethereum and had built nothing for Ethereum that he was aware of, contrary to claims made by a Twitter user.

Binance has lifted certain restrictions on Russian users, according to local crypto media.

Polkadot, a network protocol that allows a multi-chain application environment, has been experiencing significant development activity in recent weeks. According to digital asset market intelligence platform Santiment, Polkadot topped the list of crypto networks with the highest development activity in terms of Github commits in the last 30 days, followed by Kusama and Cardano. Despite this, the price of Polkadot's $DOT altcoin has dropped by 7% compared to a week ago, largely following the overall macro-environment dynamics of the crypto market. In a recent development, game technology company Mythical Games has migrated its Mythical Chain to the Polkadot ecosystem, leaving Ethereum in favor of the decentralized and interoperable multichain network. However, this move has not yet had a significant impact on the price of the Polkadot altcoin. (coingape)

MeWe, a social networking app with 20 million users, is adopting the Frequency blockchain, built on Polkadot, to bring self-sovereign blockchain-based identities to its users. The integration will allow MeWe's users to take control of their identity data and act as a foundation for controlling the data they have on social networks.