Polkadot’s development activity takes a dip: What this means for DOT

However, a decrease occurs when the commitment to polishing the network is not at its highest. At press time, this was the case with Polkadot. But it is necessary to point out that the protocol made significant strides during the mentioned week.Surprisingly, it was one of the top gainers out of the top 20 projects in the market. Furthermore, several analysts in the market have shared their thoughts on the cryptocurrency, saying it was undervalued.

Despite the optimism around the token, AMBCrypto found that the previous bullish momentum was waning. We discovered after evaluating the Relative Strength Index on the 4-hour chart. The RSI measures momentum. If it increases, it means momentum is bullish. But when it decreases, it means that momentum is bearish.Victor Olanrewaju is a full-time journalist at AMBCrypto. Settled in Lagos, his fascination with blockchain technology and the cryptocurrency market arose out of his love of freedom and everything free. As a Nigerian, Victor understands the impact unfounded financial restrictions have on a population.

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