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Polkadot Crypto

Polkadot (DOT) is a decentralized multichain network and cryptocurrency launched in 2020 by the Web3 Foundation, co-founded by Gavin Wood. The network focuses on enabling secure interoperability and shared security across many blockchains without central intermediaries. Its technology uses a Relay Chain for consensus and coordination, Nominated Proof of Stake for validator selection, and parachains that provide specialized execution environments, with Cross-Consensus Messaging (XCM) for cross-chain transfers and calls. Applications include DeFi, identity, gaming, and infrastructure, while DOT is used for staking, governance via OpenGov, fees, and bonding parachain slots. Polkadot is a significant part of the cryptocurrency market and is widely integrated across wallets, exchanges, and developer ecosystems.

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 Technical analysis for DOTUSD
 
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