- Despite a few integrations, Polkadot development activity dropped.
- DOT’s long/short ratio increased, hinting at a bullish takeover.
Polkadot [DOT] had a rough week as the bears clearly remained dominant in the market. Meanwhile, Polkadot Insider, a popular X handle that gives updates related to the blockchain’s ecosystem, posted a tweet revealing a few notable developments regarding the DOT ecosystem.
Polkadot’s weekly performance
CoinMarketCap’s data revealed that Polkadot’s price witnessed an 8% decline in the last seven days. At the time of writing, DOT was trading at $5.81 with a market capitalization of over $8.3 billion, making it the 15th largest crypto.
This negative price action also had an impact on its weighted sentiment, which dropped. A decline in the metric suggests that bearish sentiment around the token was dominant in the market.
Nonetheless, its social volume remained high, reflecting its…
