{"id":362280,"date":"2024-01-06T16:00:53","date_gmt":"2024-01-06T10:30:53","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=362280"},"modified":"2024-01-06T12:04:15","modified_gmt":"2024-01-06T06:34:15","slug":"can-polkadot-catch-up-with-icps-massive-price-surge","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/can-polkadot-catch-up-with-icps-massive-price-surge\/","title":{"rendered":"Can Polkadot catch up with ICP&#8217;s massive price surge"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Positive sentiment around DOT surged along with its price last month.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">DOT was down by 5%, and market indicators looked bearish on the token.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If the recent market crash is to be ignored, several cryptos have been displaying commendable performances, including <\/span><span style=\"font-weight: 400;\">Polkadot [DOT]<\/span><span style=\"font-weight: 400;\"> and <\/span><span style=\"font-weight: 400;\">Internet Computer [ICP]<\/span><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, the latest data revealed that both tokens managed to lift their values to triple digits from their minimum. However, DOT needs to push its price further up in order to catch up with ICP\u2019s achievement.<\/span><\/p>\n<h4><b>Polkadot and Internet Computer displayed a bull show!<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Over the last thirty days, ICP bulls showered profits on investors as its price rallied. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to<\/span> <a href=\"https:\/\/coinmarketcap.com\/currencies\/internet-computer\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, ICP was up by more than 145% in the last 30 days. At the time of writing, ICP was trading at $12.95 with a market capitalization of over $5.8 billion. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Though Polkadot\u2019s price increased, the degree of growth was not as great as that of ICP. DOT\u2019s value surged by nearly 25% over the last month. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, Tony, a popular crypto analyst, recently posted a tweet highlighting Polkadot and Internet Computer\u2019s achievements. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per the tweet, <\/span><a href=\"http:\/\/ambcrypto.com\/icp-surges-by-72-will-it-enter-the-top-10-club\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">ICP<\/span><\/a><span style=\"font-weight: 400;\"> and DOT\u2019s prices surged by 400% and 150%, respectively, from their minimum, which looked optimistic for the tokens.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Polkadot?src=hash&amp;ref_src=twsrc%5Etfw\">#Polkadot<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/DOT?src=hash&amp;ref_src=twsrc%5Etfw\">#DOT<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/ICP?src=hash&amp;ref_src=twsrc%5Etfw\">#ICP<\/a> I have been observing for some time that they are on a par, <a href=\"https:\/\/twitter.com\/search?q=%24ICP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ICP<\/a> has gone up from its minimum 400% and <a href=\"https:\/\/twitter.com\/search?q=%24DOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DOT<\/a> 150% so now it has to be equalized with <a href=\"https:\/\/twitter.com\/search?q=%24ICP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ICP<\/a> and so now <a href=\"https:\/\/twitter.com\/search?q=%24DOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DOT<\/a> has to go up 250% <a href=\"https:\/\/t.co\/VcxVD2gLh0\">pic.twitter.com\/VcxVD2gLh0<\/a><\/p>\n<p>&mdash; Tony \u20bfitcoin\u26a1 (@Toni_Bitcoin) <a href=\"https:\/\/twitter.com\/Toni_Bitcoin\/status\/1743011668446122006?ref_src=twsrc%5Etfw\">January 4, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Since both token prices increased last month, AMBCrypto took a look at their social metrics. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our analysis found that while <\/span><a href=\"http:\/\/ambcrypto.com\/can-polkadot-outshine-solana-and-avalanche-in-2024\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">DOT<\/span><\/a><span style=\"font-weight: 400;\">\u2019s value shot up, its weighted sentiment also increased, meaning that bullish sentiment around the token was high.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> However, that was not the case with ICP, as its weighted sentiment remained on the negative side the majority of the time last month.<\/span><\/p>\n<figure id=\"attachment_362281\" aria-describedby=\"caption-attachment-362281\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Polkadot-DOT-10.11.09-06-Jan-2024.png\"><img decoding=\"async\" class=\"wp-image-362281 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Polkadot-DOT-10.11.09-06-Jan-2024.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Polkadot-DOT-10.11.09-06-Jan-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Polkadot-DOT-10.11.09-06-Jan-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Polkadot-DOT-10.11.09-06-Jan-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Polkadot-DOT-10.11.09-06-Jan-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Polkadot-DOT-10.11.09-06-Jan-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Polkadot-DOT-10.11.09-06-Jan-2024-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-362281\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h4><b>Polkadot to also grow by 400%?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Though both tokens registered triple-digit growth since their minimum, DOT still needs to pump its price by another 250% in order to be on par with ICP.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Therefore, AMBCrypto had a closer look at DOT\u2019s state to see whether that outcome is possible in the near future. In the last 24 hours alone, Polkadot was down by more than 5%, thanks to the bearish market condition. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, it was<\/span> <a href=\"https:\/\/coinmarketcap.com\/currencies\/polkadot-new\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">trading<\/span><\/a><span style=\"font-weight: 400;\"> at $7.30 with a market cap of over $9.5 billion. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our look at <\/span><a href=\"http:\/\/ambcrypto.com\/can-polkadots-nft-ecosystem-flourish-in-2024\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">DOT<\/span><\/a><span style=\"font-weight: 400;\">\u2019s daily chart revealed that its MACD turned bearish. Additionally, its Relative Strength Index (RSI) also registered a downtick, increasing the chances of a continued downtrend.<\/span><\/p>\n<figure id=\"attachment_362282\" aria-describedby=\"caption-attachment-362282\" style=\"width: 1552px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/DOTUSD_2024-01-06_10-17-37.png\"><img decoding=\"async\" class=\"wp-image-362282 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/DOTUSD_2024-01-06_10-17-37.png\" alt=\"\" width=\"1552\" height=\"792\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/DOTUSD_2024-01-06_10-17-37.png 1552w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/DOTUSD_2024-01-06_10-17-37-300x153.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/DOTUSD_2024-01-06_10-17-37-1024x523.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/DOTUSD_2024-01-06_10-17-37-768x392.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/DOTUSD_2024-01-06_10-17-37-1536x784.png 1536w\" sizes=\"(max-width: 1552px) 100vw, 1552px\" \/><\/a><figcaption id=\"caption-attachment-362282\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read<\/span> <a href=\"http:\/\/ambcrypto.com\/predictions\/polkadot-price-prediction\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Polkadot\u2019s [DOT] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2023-24<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Nonetheless, Polkadot\u2019s derivatives market metrics looked bullish. For example, while the token\u2019s price dropped, its open interest also plummeted. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A drop in the metric usually suggests a trend reversal. Its Binance funding rate also declined, meaning that derivatives investors were not buying DOT at its lower price.<\/span><\/p>\n<figure id=\"attachment_362283\" aria-describedby=\"caption-attachment-362283\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Polkadot-DOT-10.18.38-06-Jan-2024.png\"><img decoding=\"async\" class=\"wp-image-362283 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Polkadot-DOT-10.18.38-06-Jan-2024.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Polkadot-DOT-10.18.38-06-Jan-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Polkadot-DOT-10.18.38-06-Jan-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Polkadot-DOT-10.18.38-06-Jan-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Polkadot-DOT-10.18.38-06-Jan-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Polkadot-DOT-10.18.38-06-Jan-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Polkadot-DOT-10.18.38-06-Jan-2024-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-362283\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Polkadot and Internet Computer\u2019s prices surged by 150% and 400%, respectively, from their minimum.<\/p>\n","protected":false},"author":75,"featured_media":362284,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-362280","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - 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