Polkadot Price Surges After Receiving Binance Support
Main page News, Altcoins

DOT, the native token of the Polkadot blockchain protocol, a blockchain network that supports several interconnected sub-chains called "parachains," has experienced an outstanding increase of more than 40% over the past week driven by support from Binance.

In particular, Binance, the world's largest crypto exchange by trading volume, has given its support for the crypto in 2 different ways.

On the one hand, the exchange announced on December 23 a $10M fund to finance projects based on the Polkadot protocol.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

On the other hand, on December 28, the ETH/BUSD trading pair was replaced on Binance's homepage by DOT/BUSD, giving this way the native token of the protocol greater visibility.

Driven by these two news items, the DOT token is currently trading at $7.26 after adding 13.15% over the last 24 hours and 48.49% over the last week.

Read also:
Please describe the error