DOT (Polkadot) increased by 4.23% in the last 24 hours

Gate News Bot Message, November 10th, according to CoinMarketCap data, as of press time, DOT (Polkadot) is priced at $3.23, up 4.23% in the past 24 hours, with a high of $3.52 and a low of $2.36. The 24-hour trading volume reached $357 million. The current market capitalization is approximately $5.276 billion, an increase of $214 million from yesterday. DOT is currently ranked 25th in the global cryptocurrency market cap.

Recent important news about DOT:

1️⃣ Polkadot Network Fully Restores Functionality The sending, receiving, and staking functions of Polkadot (DOT) were fully restored on November 6th. Previously, these functions were paused from November 3rd to November 5th due to network migration requirements. With the restoration, users can now use DOT services normally, positively impacting network stability and user confidence.

2️⃣ Astar Network Optimizes Coretime Auto-Renewal Mechanism The Astar community is considering an important proposal to reactivate its Coretime auto-renewal feature on the Polkadot network. The proposal plans to implement a 28-day automatic renewal for Astar Core 38 by initiating XCM calls to the Coretime system chain on Polkadot. This move will ensure continuous and stable network operation, reduce manual intervention, and improve overall efficiency.

3️⃣ Parachain Ecosystem Continues to Improve As one of Polkadot’s key parachains, Astar’s optimization of the Coretime renewal mechanism reflects ongoing improvements and upgrades across the Polkadot ecosystem. These continuous technical enhancements help boost the overall efficiency and user experience of the Polkadot network, potentially positively influencing DOT’s long-term value and ecosystem health.

From a technical perspective, DOT’s price has experienced a significant increase in the past 24 hours, likely related to the full network functionality recovery and ongoing ecosystem improvements. The stable operation and technological progress of the Polkadot network lay a stronger foundation for its future development, possibly boosting investor confidence in Polkadot’s long-term prospects.

This message is not investment advice; please be aware of market volatility risks.