Key Insights:
- Polkadot gained 6.63%, driven by ETF speculation and growing investor interest.
- Open interest surged 4.92%, signaling increased market activity.
- A 146K DOT token burn and upcoming upgrades add to bullish momentum.
Polkadot price has gained 6.63% in the past 24 hours, trading at $5.069 as investors react to ETF speculation and a recent token burn. The price increase comes amid rising open interest and renewed optimism about Polkadot’s long-term prospects. Analysts are closely watching the $5.20 resistance level, which could determine the cryptocurrency’s next move.
ETF Speculation Fuels Market Interest
Grayscale has filed for a Polkadot ETF with Nasdaq, increasing speculation that institutional investors may soon gain easier access to DOT. The United States’ Securities and Exchange Commission (SEC) has reviewed the filing and the decision is likely to be made between April and June 2025….
