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[Rollerkid]

The binance Labs recently supported the Polkadot ecosystem by investing about $2.4M into the Plasm Network.

The Plasm Network is currently rated as one of the best smart contract platforms on the Polkadot ecosystem. The Plasm Network is leading platform built on the Polkadot ecosystem and currently supporting ethereum and Layer-2 scaling solutions.

The Binance Labs investment was made with the intention developing more effective on-chain governance on the platform and also to accelerate research and development within the Polkadot ecosystem.

Do you think investment like this will affect the Dot ecosystem and price in general?

 

[Wisdom01]

Yeah it will surely affect the price positively , because news like this gives a signal to investors to invest on a particular growing coin i think

 

[sagefave]

Yes, these kinds of investments are what cryptocurrency projects need in order to be globally adopted. The more users of a coin either for trading or making payments, the more valuable it will be.

 

[Brain]

Even though polkadot still remains a low level altcoin, the assistance from Binance will really help them to move past the level of price they are at the moment in the crypto currency exchange Business

You are right I think this was the whole essence of binsnce lab investment in the first. To see the coin rising above the level it is in now which isn't a bad idea

 

[BullyMaguire]

I guy it's really not a bad idea to invest in polkadot.. many companies are backing and supporting it already. Which is awesome because not every Cryptocurrency is being supported

 

[Josemendez]

The binance Labs recently supported the Polkadot ecosystem by investing about $2.4M into the Plasm Network.

The Plasm Network is currently rated as one of the best smart contract platforms on the Polkadot ecosystem. The Plasm Network is leading platform built on the Polkadot ecosystem and currently supporting ethereum and Layer-2 scaling solutions.

The Binance Labs investment was made with the intention developing more effective on-chain governance on the platform and also to accelerate research and development within the Polkadot ecosystem.

Do you think investment like this will affect the Dot ecosystem and price in general?

For me, I think Binance did that for two purpose mostly as a marketing strategy and also to benefit from Polkadot when the time comes. People who saw vision with what Polkadot is building has already started investing in it and they are there for the long term because Polkadot has a big future that everyone won't want avoid.

 

[achawaskey]

I think it's realignment in order to produce effective performance for its members and collaboration with dot. It might affect price, but it depends on how members may view it and its outcome on the system. One of the reasons why most companies support or collaborate other company is for effective service delivery.

 

[Horia_10]

Most of these big players just find the ways to entice people and have lots of ways actually that can make the market follow them , the market follows the big players and their actions , binance does everything from the moves it takes on purpose and increases its significance truly this way .

 

[Ben Kempton]

Yeah it will surely affect the price positively , because news like this gives a signal to investors to invest on a particular growing coin i think

I guess that one of the main reasons why the Polkadot coin managed to attract so many investors is due to the fact that the coin gain much popularity during the recent years. The latest news regarding Polkadot suggests that it is being approved for many project development offers and token programs. This is a good achievement for the coin.

 

[Wisdom01]

I guess that one of the main reasons why the Polkadot coin managed to attract so many investors is due to the fact that the coin gain much popularity during the recent years. The latest news regarding Polkadot suggests that it is being approved for many project development offers and token programs. This is a good achievement for the coin.

although recently probably due to the latest cryptocurrency market fall , I haven't been hearing of high development regarding the coin ,but before I always here of some development of cryptocurrency project and others ,that is focused on building the growth of the coin ,well probably in bullish time we would see a better news

 

[Ben Kempton]

although recently probably due to the latest cryptocurrency market fall , I haven't been hearing of high development regarding the coin ,but before I always here of some development of cryptocurrency project and others ,that is focused on building the growth of the coin ,well probably in bullish time we would see a better news

Polkadot has gained some value in the past 24 hours. This might be a good news for a few new investors. However, I do not trade in this coin at all, as I prefer other coins. Having said that, Polkadot is still one of the most popular coins. It is used for connectivity when it comes to blockchain technology.

 

[AudraMiller]

The binance Labs recently supported the Polkadot ecosystem by investing about $2.4M into the Plasm Network.

The Plasm Network is currently rated as one of the best smart contract platforms on the Polkadot ecosystem. The Plasm Network is leading platform built on the Polkadot ecosystem and currently supporting ethereum and Layer-2 scaling solutions.

The Binance Labs investment was made with the intention developing more effective on-chain governance on the platform and also to accelerate research and development within the Polkadot ecosystem.

Do you think investment like this will affect the Dot ecosystem and price in general?

It is good to see that it is able to get some sort of support especially in the cryptocurrency world where there is so many different cryptocurrency coins that are being introduced almost on a daily basis so for a coin to be able to have financial support it will certainly help people's perception and also be financial security as well.

 

[Wisdom01]

Polkadot has gained some value in the past 24 hours. This might be a good news for a few new investors. However, I do not trade in this coin at all, as I prefer other coins. Having said that, Polkadot is still one of the most popular coins. It is used for connectivity when it comes to blockchain technology.

yeah polkadot might have gained some value ,but I hope this is not going to be another bull trap from whales , if not we should just be more careful with the way we are investing ,and also we should only invest the amount of money that we can afford to lose so we dont lose more

 

[Ben Kempton]

yeah polkadot might have gained some value ,but I hope this is not going to be another bull trap from whales , if not we should just be more careful with the way we are investing ,and also we should only invest the amount of money that we can afford to lose so we dont lose more

Polkadot's value has decreased once again. The coin strictly follows the Bitcoin market patterns and this is why the coin has plunged. We can hope that the market shall become stable once again. This might be a bad news for investors. The RSI levels show that the bitcoin is at 42.46 value. We can hope that the price may increase once again.

 

[Wisdom01]

Polkadot's value has decreased once again. The coin strictly follows the Bitcoin market patterns and this is why the coin has plunged. We can hope that the market shall become stable once again. This might be a bad news for investors. The RSI levels show that the bitcoin is at 42.46 value. We can hope that the price may increase once again.

although I want more increase ,we can't continue to see more fall without a potential increase incoming ,I believe the time of Bitcoin boosting would definitely come ,even if it's not now it would come ,only that investors have to have more patience and believe that there would be that huge boost soon

 

[fiery phoenix]

I think the investment affects Polkadot in every way to go bullish,and investors hearing that the big exchanges are investing in DOT,they would also want to do the same.Its clear Polkadot is good project that is why it has attracted capital investment of one of the world's biggest crypto exchanges.This is positive for the price of DOT as they have backings of an exchange

 

[ELSA-ELI]

Since it'd inception DOT has made strides to prove that it is a heavy coin to reckon with in the spheres of cryptocurrency. Its features are advanced and is environmenally friendly. Such a big team behind it no wonder more and more investors coming on board. Binance labs $2.4M dollars investment is no joke and simply shows how much confidence there is on the market.

Prices may not be stable right now but this coin definitely cannot disappoint.

 

[Ben Kempton]

although I want more increase ,we can't continue to see more fall without a potential increase incoming ,I believe the time of Bitcoin boosting would definitely come ,even if it's not now it would come ,only that investors have to have more patience and believe that there would be that huge boost soon

I guess that majority of the Polkadot investors would like to see Polkadot increase. This is something quite natural for a cryptocurrency investor to wish. Unfortunately, Polkadot has been trading in red right now. This is why I think that creating a better investment portfolio is also quite important and diversification of investments into various coins is also quite important.

 

[fiery phoenix]

I guess that majority of the Polkadot investors would like to see Polkadot increase. This is something quite natural for a cryptocurrency investor to wish. Unfortunately, Polkadot has been trading in red right now. This is why I think that creating a better investment portfolio is also quite important and diversification of investments into various coins is also quite important.

True you cannot bet on one cryptocurrency alone,diversification is important,its called spreading risk evenly because you can't put all your eggs in one basket,you got to distribute the risk and invest in many assets.I think many crypto and equities investors always emphasize on that point deeply,if you diversify you are safe,one asset might do well,the other one might not,or two might do well and the other two might not,its a better place than having one asset that you work on not doing well

 

[Wisdom01]

I guess that majority of the Polkadot investors would like to see Polkadot increase. This is something quite natural for a cryptocurrency investor to wish. Unfortunately, Polkadot has been trading in red right now. This is why I think that creating a better investment portfolio is also quite important and diversification of investments into various coins is also quite important.

I believe quite well that soon we would see the green days of the coin back ,I believe polkadot , probably really have that potential.,the price would boost overly with time , the project is still good and people have not yet given up on the project I believe that too