With Bitcoin surging past $20,000, altcoins like DOT (Polkadot) have been riding the broader crypto rally which started since the beginning of 2023. According to CoinGecko, the token is trading at $5.94, and has risen by more than 12% in the past 24 hours and 33% in the weekly. This was caused by market optimism caused by positive Consumer Price Index (CPI) data that was released Thursday. With the main components of the CPI going deflationary, the market may continue the sharp rally that it started the year with. Related Reading: TRON Snags No. 2 Spot In TVL As Revenue Spikes Despite Bear Market Pressure DOTs Connected Polkadot, as an ecosystem, has been on a roll lately. According to Santiment, Polkadot has been seeing a strong development activity in recent days, adding on to the already bullish momentum of the overall crypto market. Polkadot also reached over 1 million DOT in nomination pools, making staking on-chain more viable. Crypto.com also released a recent post regarding the current market. Polygon ranked 4th place in TVL with a 5% change in the past seven days. Imag ..
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