{"id":11063,"date":"2025-02-03T14:01:59","date_gmt":"2025-02-03T14:01:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11063"},"modified":"2025-02-03T14:01:59","modified_gmt":"2025-02-03T14:01:59","slug":"polkadot-reverses-q4-2024-gains-despite-etf-filing-whats-next","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11063","title":{"rendered":"Polkadot Reverses Q4 2024 Gains Despite ETF Filing: What\u2019s Next?"},"content":{"rendered":"<div>\n<p>In the latest Polkadot news, DOT price is under pressure, reversing Q4 2024 gains despite a DOT ETF filing in the United States and Polkadot 2.0 plans<\/p>\n<p><span data-preserver-spaces=\"true\">T<\/span><span data-preserver-spaces=\"true\">hree months after rallying by 200% and reaching nearly $8, Polkadot is sliding, dropping by nearly 50% in one week. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Over the last five weeks, the decline has seen DOT <\/p>\n<style>\n    .cwp-coin-chart svg path {\n        stroke-width: 0.65 !important;\n    }<\/p>\n<\/style>\n<p>    <span class=\"cwp-coin-widget-container\" data-id=\"dot-polkadot\" id=\"coin_widget_id_67a0ca09ba1c1\"><\/p>\n<p>        <!-- name of the coin in the text --><br \/>\n        <span class=\"cwp-coin-widget-wrapper\" data-id=\"dot-polkadot\"><br \/>\n            <span class=\"cwp-coin-widget-holder \" style=\"background:#e0e0e0;\"><br \/>\n                <span class=\"cwp-coin-name\" data-id=\"dot-polkadot\"><br \/>\n                    <span class=\"cwp-coin-icon \"><\/span><br \/>\n                    <span class=\"cwp-coin-label \"><\/span><br \/>\n                    <span class=\"cwp-coin-symbol hidden\"><\/span><\/p>\n<p>                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-price hidden\"><\/span><br \/>\n                    <\/span><br \/>\n                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-trend \"><\/span><br \/>\n                    <\/span><\/p>\n<p>                <\/span><br \/>\n            <\/span><br \/>\n        <\/span><\/p>\n<p>        <!-- popup with basic info about the coin --><br \/>\n        <span class=\"cwp-coin-popup-wrapper \" data-id=\"dot-polkadot\" style=\"\"><br \/>\n            <span class=\"cwp-coin-popup-holder\"><br \/>\n                <span class=\"cwp-coin-name\"><br \/>\n                    <span class=\"cwp-coin-icon\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-name\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-symbol\"><\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-price\"><br \/>\n                    <span class=\"cwp-coin-price-title\">Price<\/span><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-price-value\"><\/span><br \/>\n                        <span class=\"cwp-coin-trend-holder\"><br \/>\n                            <span class=\"cwp-coin-trend\"><\/span><br \/>\n                        <\/span><br \/>\n                    <\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-volume\"><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-volume-title\">Volume in 24h<\/span><\/p>\n<p>                    <\/span><br \/>\n                    <span class=\"cwp-coin-volume-value\"><\/span><br \/>\n                    <!-- <span class=\"cwp-coin-trend-holder\">\n                        <span class=\"cwp-coin-trend\">?<\/span> \n                    <\/span>                     --><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-chart\"><br \/>\n                    <span class=\"cwp-graph-title\">Price 7d<\/span><br \/>\n                    <span class=\"cwp-graph-container\"><\/span><br \/>\n                <\/span><\/p>\n<p>            <\/span>           <\/p>\n<p>        <\/span><br \/>\n    <\/span><\/p>\n<p> reverse all gains posted in November and December, heaping more pressure on DOT holders, who expected prices to trend even higher after the leg up in Q4 2024.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Interestingly, this bearish wave persists despite crucial developments in the Polkadot ecosystem. Recently, 21Shares filed for a spot Polkadot exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Additionally, the team is building and keen on rolling out Polkadot 2.0 to make the network more efficient and drive developer activity.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">DOT Price Drop Reverses Q4 2024 Gains: What About Polkadot News Like DOT ETF?<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Even with the high optimism, it is clear that sellers are in control. From the daily chart, buyers have been unable to reverse losses initiated on December 9.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Since then, the coin has dropped below $6, losing 55% after the slump. Technically, as long as DOT trades below $6, the coin may post more losses.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/www.tradingview.com\/x\/L0jRjySz\/\" width=\"1827\" height=\"892\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/symbols\/DOTUSDT\/\" target=\"_blank\" rel=\"noopener nofollow\">DOTUSDT<\/a>)<\/p>\n<p><span data-preserver-spaces=\"true\">In the short term, local support is at $3.5, marking Q4 2024 lows. If this level is broken and sellers press on, DOT may drop to multi-month lows in an unexpected bear trend continuation formation.<\/span><\/p>\n<p><strong>DON\u2019T MISS: <a href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coins\/\">The Best Meme Coins to Buy in 2025 Crypto Dip<\/a><\/strong><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">21Shares Files for A Spot DOT ETF<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">If this outlook is to change and DOT cements its place above $6, sentiment must change.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The filing of a spot Polkadot ETF by 21Shares, a digital asset manager based in Switzerland, in the United States, is a step in the right direction.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The asset manager is proposing the creation of the 21Shares Polkadot Trust, whose shareholders will have direct exposure to DOT.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-200245 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-03T143255.123.png\" alt=\"Polkadot News: DOT price under pressure, reversing Q4 2024 gains despite a DOT ETF filing in the United States and Polkadot 2.0 plans\" width=\"1876\" height=\"687\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-03T143255.123.png 1876w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-03T143255.123-300x110.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-03T143255.123-1024x375.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-03T143255.123-768x281.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-03T143255.123-1536x562.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-03T143255.123-50x18.png 50w\" sizes=\"auto, (max-width: 1876px) 100vw, 1876px\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2054247\/000121390025008848\/ea0229226-s1_21shares.htm\" target=\"_blank\" rel=\"noopener nofollow\">Source<\/a>)<\/p>\n<p><span data-preserver-spaces=\"true\">If approved, the derivative will be traded at the CBOE BZX Exchange with Coinbase as the shareholders\u2019 DOT custodian.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Although recent spot ETFs, such as the spot Ethereum ETF, have not been as successful as the <a class=\"general-link\" title=\"Are Spot Bitcoin ETFs or Donald Trump\u2019s Election Race Behind BTC Price Explosion?\" href=\"https:\/\/99bitcoins.com\/news\/presales\/are-spot-bitcoin-etfs-or-donald-trumps-election-race-behind-btc-price-explosion\/\" target=\"_blank\" rel=\"noopener\">spot Bitcoin ETF<\/a>, which launched in January 2024 in the United States, confidence is high.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Should it be approved by the SEC, DOT\u2019s demand will likely shoot higher, lifting sentiment.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Polkadot 2.0 Building: Asynchronous Backing and Elastic Scaling<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">In that event, even progress made by the team, including plans for Polkadot 2.0, will further drive DOT.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Although Polkadot is scalable as it is, developers want to improve efficiency, scalability, and usability.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Agile Coretime is already live and has introduced changes to how parachains buy computational resources. This feature allows developers to buy resources in bulk or depending on demand, reducing costs as a result.<\/span><\/p>\n<p><iframe loading=\"lazy\" title='What \"Agile Coretime\" means for Polkadot' width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/1ECOV-voPWo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">Additionally, the team is setting up for Asynchronous Backing and Elastic Scaling. The goal is to enhance block production speeds for parachains while also adjusting resource use based on demand. Once implemented, Polkadot will easily scale and become more efficient. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, how DOT prices evolve in the short term will largely depend on market sentiment. If Bitcoin faces more headwinds and drops below $90,000, DOT will likely post losses.<\/span><\/p>\n<p><b>EXPLORE:\u00a0<\/b><a href=\"https:\/\/99bitcoins.com\/analysis\/top-crypto-trends-for-bull-run\/\"><b>Crypto Trends For Bullrun \u2013 January 2025<\/b><\/a><\/p>\n<p><a href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow nofollow\"><b>Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/b><\/a><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/polkadot-reverses-q4-2024-gains-despite-etf-filing-whats-next\/\">Polkadot Reverses Q4 2024 Gains Despite ETF Filing: What\u2019s Next?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In the latest Polkadot news, DOT price is under pressure, reversing Q4 2024 gains despite a DOT ETF filing in the United States and Polkadot 2.0 plans Three months after rallying by 200% and reaching nearly $8, Polkadot is sliding, dropping by nearly 50% in one week. Over the last five weeks, the decline has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11063","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11063"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11063\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}