Polkadot (DOT) Price Prediction 2025-2030: How far will Spacewalk take DOT?
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
On 28 March, the Polkadot [DOT] network announced a significant partnership with the Stellar network to increase liquidity. The two networks will be linked by the Spacewalk bridge. The latter is a new variation on one of Polkadot’s parachains, Pendulum Chain.
<p lang=«en» dir=«ltr» xml:lang=«en»>Payments specialist @StellarOrg is connecting to Polkadot via the new Spacewalk bridge, built by parachain @pendulum_chain, enabling the smooth and seamless transfer of stable assets between the two ecosystems.Find out more: https://t.co/qoPmN2en9B
— Polkadot (@Polkadot) March 28, 2023
DOT’s price hiked by 7% to climb to $6.27 within a day of the announcement. Despite this upward trend, however, the price of DOT may encounter some resistance near $6.75. DOT was rapidly approaching the resistance level with a press time price of $6.50. The volatility of DOT also highlighted the likelihood of future resistance on the price charts.
Read Price Prediction for Polkadot [DOT] for 2023-24
In a blog post published on 26 September 2022, the Polkadot team provided updates on their Roadmap Roundup.
The post described the Asynchronous Backing which aims to accomplish three things: reduce the duration of parachain blocks to six seconds, increase the amount of block space available to each block by a factor of 5-10, and allow parachain blocks to be reused when they don’t make it onto the relay chain on the first try.
The same is just more evidence of the consistent level of development activity around the project. For instance, on 21 November, Bifrost announced liquid staking via
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