Cryptocurrency News Today TheBitTimes.com

The leading parachain-based cryptocurrency PoklaDot is currently trading at a price range of $10 on Tuesday. DOT reached double digits in the charts after a long hiatus since May 2022. The cryptocurrency attracted heavy bullish sentiments this month after Bitcoin climbed above the $70,000 mark. Bitcoin’s stellar performance is pushing PolkaDot’s price up leading it to deliver decent profits to investors. Also Read: Cryptocurrency: 3 Coins Trading in Cents Set To Reach $1 Now that PolkaDot remains in the green and touched double digits in the indices, will it double in price next? In this article, we will highlight what are the prospects of DOT reaching the $20 range in the coming weeks. PolkaDot: When Will DOT Hit $20 Next? Source: Twitter Leading on-chain metrics and price prediction firm CoinCodex predicts that PolkaDot could skyrocket this month in March 2024. According to the price prediction, DOT has a good chance of doubling in price and reaching the $2...

Bitcoin and most major altcoins are slumping, but the charts suggest that a recovery could be around the corner. Bitcoin (BTC) extended its decline on May 12 but analyst Philip Swift, co-founder of trading suite DecenTrader and creator of data resource LookIntoBitcoin, does not expect a deep correction. He said it was “interesting to note that the long/short ratio has been climbing as price has trended down.” One of the reasons that is keeping analysts bullish is Bitcoin’s halving, which has followed a set cycle till now and analysts expect it to continue. Citing previous cycles, investor and entrepreneur Alistair Milne, said that the time to buy was now. Daily cryptocurrency market performance. Source: Coin360 However, in the near term, Bitcoin could be facing pressure due to the relief rally in the U.S. dollar index (DXY). Typically, the DXY has an inverse correlation with Bitcoin’s performance. What are the important support levels that may attract buyers in Bitcoin and the major ...