What to Know:
- Polkadot (DOT) surged 9.37% after Nova Wallet onboarded 21K esports fans and a smooth Asset Hub upgrade.
- Banxa’s fiat integration adds regulated on/off ramps, making crypto access easier for global users.
- Technical rebound and rising ecosystem activity hint at Polkadot’s growing real-world adoption.
Polkadot (DOT) has gone up 9.37%, in the last 24 hours which is a lot more than the rest of the crypto market, which has gone down 0.59%. The rally is happening because of a technical rebound, a successful upgrade to Asset Hub, and growing confidence in the network’s growing ecosystem, which is getting stronger thanks to new partnerships like Nova Wallet and Banxa.
Technical Rebound
Polkadot’s chart started to show signs of recovery after weeks of steady decline. On-chain data shows that DOT’s RSI fell to 36.42, which means it was oversold and traders often start buying back in at this point. The price also made a bullish inverse head-and-shoulders pattern, breaking above its neckline at $2.70. At the time of writing, DOT is trading at around $2.84.
Once the breakout happened, both algorithmic and retail buyers entered the market, sending DOT’s 24-hour trading volume up by 76.5% to $408 million. Analysts say if DOT can close above the $2.85 level, it could confirm a short-term bullish continuation, although it may face resistance near $3.06, which aligns with its 30-day moving average.
Asset Hub Upgrade
Polkadot’s Asset Hub migration has been another key driver of confidence. The network completed its migration on November 4 without any forks or downtime, a big technical win for a multi-chain ecosystem. Exchanges quickly resumed deposits after the maintenance period.
Polkadot’s core development team confirmed that the upgrade went smoothly. Its goal is to make asset transfers between chains faster and more reliable. As reported, the successful migration shows how far Polkadot has come as a blockchain infrastructure network and opens the door for more growth in the future.
The new Asset Hub will be a single layer where developers can launch, move, and control tokens on different parachains. This strengthens Polkadot’s core vision of interoperability making it easier for dapps to interact without friction.
Nova Wallet Brings 21,000 New Users
Nova Wallet’s partnership with Polkadot is one of the biggest reasons DOT has been able to grow. Nova Wallet got 21,000 new users on Polkadot through a fun activation at BLAST Counter-Strike events in Austin, Malta, and London. Many of these users didn’t even know they were using blockchain.
With Nova Wallet’s interactive mini-game “Nova Shots,” fans could guess the outcomes of matches and win real prizes on-chain. Polkadot’s network handled all 2.8 million in-game transfers without any problems. This proves that it is fast, can handle a lot of traffic, and has low fees in a real-world setting where there is a lot of demand. The best part was that users didn’t have to buy tokens or deal with hard-to-use wallets. In the background, everything went smoothly.
Banxa Partnership Brings Fiat
Polkadot also announced a new partnership with Banxa, a global fiat-to-crypto infrastructure provider. The integration will introduce regulated payment gateways, stablecoin liquidity, and on/off ramps to Polkadot-based apps. Users can buy and sell crypto, including DOT, safely and easily with Banxa’s infrastructure, which supports more than 30 fiat currencies, 100+ payment methods, and operates in more than 200 countries.
The move connects traditional finance with blockchain, making it easier to move money between banks and digital wallets, which is one of the biggest problems with using crypto. Banxa’s partnership is expected to help developers bring on new users without any problems while still following all the rules around the world.
Conclusion
The recent rise in Polkadot’s price isn’t just a short-term spike; it’s a sign of real progress in both technical and strategic areas. The project is really growing in a way that focuses on users. The successful Asset Hub upgrade, the Nova Wallet activation that brought esports fans on-chain, and Banxa’s integration of fiat currency are all examples of this.
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