Polkadot $DOT token jumped to a high of $5.10 on Saturday, up by 60% from its lowest point this year. The rally happened in a high-volume environment, with the intraday volume jumping to $443 million.
Polkadot soared, mirroring the performance of the crypto market. Bitcoin (BTC) price jumped to $104,000, while Ethereum (ETH) targeted the key resistance point at $2,500. The crypto fear and greed index moved to the greed zone of 71.
Polkadot also jumped as the developers launched elastic scaling on Kusama (KSM), its canary network. Elastic scaling is the final stage of the ongoing Polkadot 2.0 upgrade, which has been going on since last year.
