Popular Analyst Warns About This Altcoin: Its Foundation Is Not Good!


Popular Analyst Warns About This Altcoin: Its Foundation Is Not Good!
  • A popular crypto analyst says that an Ethereum (ETH) competitor cryptocurrency is bearish in terms of its fundamentals. claims.

In a new YouTube video, the host of the InvestAnswers channel has its 444,000 subscribers. Polkadot (DOT) on-chain activity DOT priceHe says he looks gloomy despite the positive action of the .

“I looked at some data from Subscan on The Block Crypto. Here you can see that the total new addresses are just 1,100 at the seven-day moving average, which is basically the lowest level reached in quite some time since December 2020.”

Popular Analyst Warns About This Altcoin: Its Foundation Is Not Good!

Blockchain is not doing well when it comes to attracting new users, and the number of daily active users is decreasing as time goes on. So Polkadot is still pumping today, but when you look at the basics it doesn’t look very good. We’ll see what happens. We strongly believe that efficiency in the chain is of great importance.”

This week, the DOT rose to $7.64 on Tuesday from its monthly low of $6.90 on September 1. The 10th-ranked crypto-asset by market cap has since slumped as low as $6.91, down more than 6.5 percent in the past 24 hours.

The DOT is already down more than 87 percent from its all-time high of $54.98 last November.

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

Soruce : https://www.koinfinans.com/populer-analist-bu-altcoin-konusunda-uyardi-temeli-iyi-degil/?utm_source=rss&utm_medium=rss&utm_campaign=populer-analist-bu-altcoin-konusunda-uyardi-temeli-iyi-degil

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