Latest news about Polkadot

Polkadot, the brainchild of Ethereum Co-founder Gavin Wood, is now one of the world's leading blockchains. It is unusual in that it supports several linked chains using a Proof-of-Stake consensus process. Indeed, one could argue that the project's linked character has helped it gain a substantial number of users over the previous few years.

While stocks and the majority of cryptocurrencies fell, the Polkadot price fell precipitously on Thursday and Friday morning.

After starting April on the back of a significant negative pullback, Polkadot's native cryptocurrency DOT has made a 5-day rebound. Its price action, however, was approaching a previously tested resistance zone underpinned by a Fibonacci retracement at the time of publication.