News

Coinbase Pro to Allow Polkadot Trading! DOT Price Rally Towards $28!

news-image

Polkadot appears to have emerged as a winner with all the institutional profits and gaining significant interest from professional investors. Another thing that has helped is that the network is substantially quicker and less expensive for developers. Here are some of the most compelling reasons why Polkadot Price will surge this year. 

The overall market sentiment of the token seemed to be bearish but Coinbase pro listing gave a head start to DOT after which the coin soared by 15%. Polkadot had a mixed start to the day, jumping to $26 before reverting to $25.46. DOT Price has moved over its first major support level of $21.42 and is now approaching its first resistance level of $26.91. $28.81 and $32 enter the picture as it advances past the initial obstacle.

Polkadot Listed on CoinBase Pro!

Coinbase Pro lists Polkadot. As of Monday, June 14, the exchange begins accepting deposits. Support for DOT will be available in Coinbase’s supported jurisdictions with the exception of Singapore. The Exchange shall begin accepting inbound transfers of DOT. Trading will begin on or after 9 am Pacific Time (PT) Wednesday, June 16, if liquidity conditions are met.

Once sufficient supply of DOT is established on the platform, Users can trade with the following trading pairs.

  •  DOT-USD
  • DOT-BTC
  • DOT-EUR
  •  DOT-GBP
  • DOT-USDT 

New Ventures, New Projects!

21Shares AG, a Swiss issuer, established its own DOT product, an ETP listed on the Swiss SIX exchange, earlier this year. The crypto press rapidly picked up on the fact that Goldman Sachs, JPMorgan, and UBS, among others, had invested. Valour, a Swiss digital asset provider, just released its own set of ETPs that include Polkadot and Cardano exposure. 

Given the project’s potential, a slew of well-funded and high-profile projects, including DeFi infrastructure aimed at institutions, are in the works. Acala, for example, is seeking to become Polkadot’s DeFi hub.

Show More

Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Related Articles

Back to top button
Close
Close