🚨 Polkadot (DOT) Update – June 12, 2025 🚨
🔹 Current Price: ~$3.96 (-6% today)
🔹 Range: $3.92 – $4.20
🔹 Market Cap: ~$6.3B
🔹 24h Volume: ~$300M
📉 Key Support Level: $3.96
A drop below this could open the door for more downside. Holding this line might set up a rebound.
📈 Potential Catalyst:
ETF momentum is building – Nasdaq filed for a Grayscale DOT Trust ETF, and 21Shares is seeking SEC approval for a DOT spot ETF. Big news if approved.
🌐 Ecosystem Growth:
Surge in new user accounts
Polkadot Asset Hub migration scheduled for August
On-chain activity and wallet improvements boosting adoption
🔮 Outlook:
Short-term price action is fragile, but long-term fundamentals remain strong as Polkadot pushes forward in Web3 infrastructure and interoperability.