Polkadot skyrockets nearly 30% to $10 billion market cap: What’s behind the rall

[sallybein987]

Polkadot (DOT), the second-largest smart contract protocol in the cryptocurrency market by valuation behind Ethereum, is up nearly 30% in the last 24 hours. Polkadot's market capitalization has also surpassed $10 billion, solidifying its position as the fifth-biggest crypto asset.

There are several major reasons behind DOT’s strong uptrend: strong technical market structure, anticipation of scalable blockchain networks, and the craze around DeFi.

Full version - https://cointelegraph.com/news/polkadot-skyrockets-nearly-30-to-10-billion-market-cap-what-s-behind-the-rally?utm_source=Telegram&utm_medium=social

[bittick]

there's a thing that i didn't understand about that, i rarely heard that there's a project that announced to use the tokenization on the DOT and how is it possible for DOT to get a lot of impact from the Defi? This project is also being owned by a member from the ethereum core developers too.
That could be another reason too