The post DOT has surged by11.88%  in the last 7 days. appeared on BitcoinEthereumNews.com.

DOT hiked by almost 12% in the last 7 days  Sustained developments and RWA integrations have changed the market sentiment too While most altcoins have seen major bouts of depreciation lately, according to crypto analyst Michael Van De Poppe, a considerable upswing is taking shape on DOT’s charts. In fact, DOT surged by 11.88% over the past week, leaving analysts optimistic about Polkadot’s future. For his part, De Poppe is pretty confident about the altcoin’s long-term trend. The analyst claimed, ” $DOT is likely going to follow Ethereum in its upward expansion. This means that the current valuations of Polkadot are extremely low. With all the new segments, I expect a lot from the Polkadot ecosystem.” RWAs driving DOT’s market sentiment One of the most notable factors driving DOT’s recent resilience is its adoption and integration of real-world assets. In fact, according to Esra Bulut’s post on X, RWAs are now the center of the current bullish outlook. She shared, “Real World Assets (RWAs) are gaining momentum in the crypto space, and @Polkadot $DOT is at the forefront of this trend with their innovative development. The integration of the RWA industry by the Polkadot team is a game-changer, paving the way for a long-term bullish outlook.” The integration is fueling a positive market outlook for various reasons. For starters, RWAs are growing and have significant market potential. According to estimates, RWAs will grow to between $4 trillion and $16 trillion by 2030. Therefore, DOT has massive potential in RWAs because of its scalability and security. Since RWAs in the traditional markets seek reliable, secure, scalable, and affordable chains, Polkadot may well be well-positioned to thrive. Is DOT Set for Uptrend? The last 7 days saw the altcoin climb significantly on the price charts. The same was evidenced by AMBCrypto’s own…

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Filed under: News - @ June 29, 2024 5:14 pm