Polkadot [DOT] can witness some upside thanks to this upgrade
Polkadot [DOT] developers recently launched a new network upgrade to modify the Polkadot Runtime to v9270. After the upgrade was launched, DOT’s price corresponded and started gaining upward momentum.
DOT recently witnessed a plunge in its price as it went to as low as $6.7 on 7 September. However, the recovery has been quick. At press time, DOT was trading at $7.64, registering 6.42% 24-hour gains with a market capitalization of $8,515,538,465.
Recently, DOT’s hourly social volume skyrocketed as it surged by more than 100%. This is a positive signal as it indicates increased interest of investors and traders in the token.
Furthermore, the altcoin has also been performing well in the last few days. Additionally, the development of happening in the blockchain also gave it the push to increase its social dominance.
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