DOT Price Surges 40% In One Week After Binance Backs Polkadot Protocol
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 DOT saw another price leap after Twitter users noticed the ether/BinanceUSD (BUSD) pair on Binance’s homepage had been replaced by the DOT/BUSD pair.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