Polkadot (DOT) value rallies 100% and derivatives knowledge factors to extra upside By Cointelegraph

Polkadot (DOT) price recovers 100% and derivative dates suggest more upside

Polkadot (DOT) is a blockchain project designed to connect subchains called parallel chains or parachains together. Each application-specific chain created in Polkadot uses the modular substrates framework, which is intended to simplify the development process.

The project was the focus of attention from developers and investors for most of 2021, but the sharp market-wide correction on May 19 dealt a major blow to DOT price, and the team has been relatively calm for the past two months.

Polkadot (DOT) performance in USD at Coinbase. Source: TradingViewPolkadot (DOT) aggregated open interest for futures. Source: Perpetual Funding Rate by BybtPolkadot (DOT). Source: Coinalyze.net

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