Polkadot [DOT]: Will a new update translate into a new price uptick

DOT, which is currently the world’s 11th largest crypto in terms of market cap, registered a sluggish performance last week. In fact, it fell by negative 5% over the last 7 days. At press time, DOT was trading at $7.06 with a market capitalization of $7,829,624,527. However, DOT developers recently pushed an update to the […]

DOT, which is currently the world’s 11th largest crypto in terms of market cap, registered a sluggish performance last week. In fact, it fell by negative 5% over the last 7 days.

Even so, the new update pushed by the developers will bring certain changes to the network. These changes will especially help in increasing its efficiency across the board., the update should reduce the load on validators significantly and result in better parachain block times on test networks. A look at DOT’s 4-hour chart also painted a similar picture of bearish upper hand in the market. DOT flashed resistance around the $7.7-mark for a few days after the plunge.

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