The price of Polkadot has risen for two consecutive days, reaching its highest level since March 2, with improved sentiment in the cryptocurrency market. It also surged after developers achieved a major milestone in Polkadot 2.0.
The price of Polkadot (DOT) jumped to its highest level at $5.10 on Saturday, an increase of 60% from its lowest point this year. The rise occurred in a high trading volume environment, with daily trading volume soaring to $443 million.
Polkadot has risen, reflecting the performance of the cryptocurrency market. The price of Bitcoin (BTC) jumped to $104,000, while Ethereum (ETH) aimed at the key resistance level of $2,500. The cryptocurrency fear and greed index moved to the greed zone at 71.
Polkadot stocks also surged with the developers launching the flexible scaling feature on Kusama (KSM), its test network. Flexible scaling is the final stage of the ongoing Polkadot 2.0 upgrade, which started last year.
Kusama parachains can now automatically scale computing power.
Higher productivity + lower latency to meet any demand or use case. No compromise on security or decentralization.