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- Polkadot 2.0 will provide developers with greater flexibility by allowing for two types of sales.<\/span><\/em><\/li>\n
- DOT’s price action was sluggish, but market indicators were bullish. <\/span><\/em><\/li>\n<\/ul>\n
Polka Dot [DOT]<\/span><\/a> has always made headlines for its robust development activity over the years. The streak is still maintained with its latest teased upcoming update, which could be a game changer for the blockchain. <\/span><\/p>\n
Realistic or not, here’s<\/span> DOT market cap in BTC’s terms<\/span><\/a> <\/span><\/p>\n
In a recent interview, Polkadot’s co-founder discussed an upcoming update that reflected the blockchain’s vision. However, as of press time, the news had minimal impact on the token’s price. <\/span><\/p>\n
Polkadot 2.0 to arrive soon<\/strong><\/h4>\n
Gavin Wood announced Polkadot 2.0 during his keynote speech. <\/span>at the Polkadot Decoded 2023<\/span><\/a> events. While doing so, he stressed upon a change in vision for the upcoming version. <\/span><\/p>\n
Wood explained that the current lease model for cores would be replaced with a system of selling “core time.” <\/span><\/p>\n
Polkadot 2.0 will provide developers with greater flexibility by allowing for two kinds of sales- bulk and instant. Robert Habermeier, a co-founder of Polkadot, stated in the interview that the update will turn the<\/span> Polka Dot<\/span><\/a> blockchain into a “blockspace.”<\/span><\/p>\n
In order for projects to expand and succeed, Habermeier emphasized the importance of optimizing blockspace usage, which would facilitate simple initial deployment and ensure scalability without incurring excessive costs. <\/span><\/p>\n
Polkadot’s price did not react much<\/strong><\/h4>\n
Major announcements around a blockchain are often followed by a volatile price movement of its native tokens. However, this is not the case this time, as DOT’s price followed a sideways path. <\/span><\/p>\n
as per<\/span> CoinMarketCap<\/span><\/a>, DOT’s price only increased by over 1% in the last 24 hours. At the time of writing, it was trading at $5.19 with a market capitalization of over $6.2 billion, making it the 13th largest crypto. <\/span><\/p>\n
Although the price showed minimal reaction, the weighted sentiment around the token improved.<\/span> D.O.T.<\/span><\/a>‘s social volume was also relatively high, reflecting its popularity in the crypto space. <\/span><\/p>\n
![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Polkadot-DOT-16.37.02-08-Jul-2023.png\")
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![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/DOTUSDT_2023-07-08_16-39-15.png\")
- DOT’s price action was sluggish, but market indicators were bullish. <\/span><\/em><\/li>\n<\/ul>\n
![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/DOTUSDT_2023-07-08_16-39-15.png\"\/)