DOT Price Surges 40% In One Week After Binance Backs Polkadot Protocol

Image for post
Image for post

The native token of the Polkadot network, DOT, has seen a price surge of over 40% in the last week after Binance announced a $10 million fund to support projects on Polkadot.

At the time of writing DOT is trading hands at $7.21 and is up 17.27 over the past day, according to CoinGecko. DOT saw another price leap after Twitter users noticed the ether/BinanceUSD (BUSD) pair on Binance’s homepage had been replaced by the DOT/BUSD pair.

Polkadot is a network and cross-chain protocol for data and asset interoperability.

By Emily Mason

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store