Polkadot Rises up to 70% In 4 Hours

Polkadot Rises up to 70% In 4 Hours
  • Bitcoin’s price dropped below $30k for the first time since January.
  • DOT’s price rose to 70% in 4 hours on Tuesday.
  • Polkadot’s trade started in Coinbase on June 16.

Polkadot’s token DOT surged to more than 70% in 4 hours on the US crypto exchange giant Coinbase. DOT has been the king of the cryptocurrency market on Tuesday.

The head of the cryptocurrency, Bitcoin dropped below $30,000 for the first since January on Monday. Along with the other major cryptocurrencies, DOT was also trading at $13.04 on the same day.

Significantly, DOT soars to 70% at $22.80 which has been the attraction of the day, according to Coinbase data. The price on other exchanges, on the other hand, followed the larger market purchase.

DOT/USD on Coinbase

Moreover, the team is conducting an investigation regarding the price difference between Coinbase and other major exchanges. The spokesperson of Coinbase says that the difference is most probably due to the “send and receive” function being faulty as part of “the incident.”

According to the spokesperson, DOT/USD and DOT/BTC “were moved to limit only to dampen (sic) expected volatility as the asset price reverts to equality with other exchanges once the incident is resolved.”

Additionally, Coinbase started to offer DOT trades on June 16. Furthermore, on June 20, DOT encountered a problem with Coinbase. However, according to the website and the spokesperson, the problem solved on June 21.

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