ChatGPT is enthusiastic about Polkadot’s future even as it lies at year’s lowest point
The post ChatGPT is enthusiastic about Polkadot’s future even as it lies at year’s lowest point appeared on BitcoinEthereumNews.com. Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Polkadot’s [DOT] released its latest treasury spending report this week. As per the report, its spending jumped from $13.4 million in 2022 to $21.06 million in 2023. As of October 18, the Polkadot treasury has spent a total of US$21 million (3.9 million DOTs) in 2023, compared with US$13 million (1.7 million DOTs) last year. Development spending accounts for half, outreach spending 38%, operating expenses 9%, and research and other 2%.… — Wu Blockchain (@WuBlockchain) October 20, 2023 The Polkadot Treasury’s spending registered 4 years of consecutive growth in the last four years. Despite this, DOT is currently hitting its lowest point in the year due to a long crypto winter. At press time, it was trading at $3.725. Is your portfolio green? Check out the DOT Profit Calculator Polkadot had a market cap of $4.6 billion at the time of writing, making it the 15th largest cryptocurrency. Previously, DOT’s price rose 9% within a day of Ripple [XRP] securing a partial victory in its legal battle with the U.S. Securities and Exchange Commission (SEC) in mid-July. The U.S. District Court of the Southern District of New York ruled in its judgement that the sale of Ripple’s XRP tokens on crypto exchanges and though programmatic sales did not constitute investment contracts; hence, it is not a security in this case. But the court also ruled that the institutional sale of the XRP tokens violated federal securities laws. The crypto industry lapped up the judgement instantly, generating a price rally across tokens. But no token could sustain the price rally. Parachains onboard Polkadot Polkadot’s ecosystem continues to expand as more parachains developments come onboard. By the end of Q1 2023,…
The post ChatGPT is enthusiastic about Polkadot’s future even as it lies at year’s lowest point appeared on BitcoinEthereumNews.com.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Polkadot’s [DOT] released its latest treasury spending report this week. As per the report, its spending jumped from $13.4 million in 2022 to $21.06 million in 2023. As of October 18, the Polkadot treasury has spent a total of US$21 million (3.9 million DOTs) in 2023, compared with US$13 million (1.7 million DOTs) last year. Development spending accounts for half, outreach spending 38%, operating expenses 9%, and research and other 2%.… — Wu Blockchain (@WuBlockchain) October 20, 2023 The Polkadot Treasury’s spending registered 4 years of consecutive growth in the last four years. Despite this, DOT is currently hitting its lowest point in the year due to a long crypto winter. At press time, it was trading at $3.725. Is your portfolio green? Check out the DOT Profit Calculator Polkadot had a market cap of $4.6 billion at the time of writing, making it the 15th largest cryptocurrency. Previously, DOT’s price rose 9% within a day of Ripple [XRP] securing a partial victory in its legal battle with the U.S. Securities and Exchange Commission (SEC) in mid-July. The U.S. District Court of the Southern District of New York ruled in its judgement that the sale of Ripple’s XRP tokens on crypto exchanges and though programmatic sales did not constitute investment contracts; hence, it is not a security in this case. But the court also ruled that the institutional sale of the XRP tokens violated federal securities laws. The crypto industry lapped up the judgement instantly, generating a price rally across tokens. But no token could sustain the price rally. Parachains onboard Polkadot Polkadot’s ecosystem continues to expand as more parachains developments come onboard. By the end of Q1 2023,…
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