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Polkadot gets new JAM – What does this mean for DOT’s price?
The post Polkadot gets new JAM – What does this mean for DOT’s price? appeared on BitcoinEthereumNews.com. Polkadot disclosed that the upgrade, when implemented, would interact only with DOT Traders are betting on DOT’s price to increase in the short term Polkadot is set to replace its Relay Chain with a new protocol called the “JAM Chain.” The team, through its co-founder Gavin Wood, made this known at the ongoing Token2049 conference in Dubai. According to Wood, JAM would combine the capabilities of Polkadot and Ethereum [ETH] to provide a permissionless, object-oriented environment for the ecosystem. Exposé is great for the token The project revealed that the environment would be similar to Ethereum’s smart contract system. However, the difference would be the scalable node network secured by Polkadot. Wood, in his statement, explained, “When fully built out, JAM will be a distributed computer that can run almost any kind of task, that can be expressed as a service.” Here, it’s worth noting that DOT would be the only token to interact with the JAM Chain. At press time, DOT was valued at $6.82 following a minimal hike over the last 24 hours. DOT has been underperforming for a while, compared to its other layer-1 counterpart. On the contrary, now that Bitcoin’s [BTC] 4th halving has taken place and JAM is expected to be deployed later, DOT might just perform better on the price charts. It is important to check the token’s potential using 0n-chain data, despite the possibility. For instance, at press time, AMBCrypto found that the Weighted Sentiment about the project had risen. Previously, the sentiment was negative, indicating that the broader market was bearish on the project. This changed over the last 24 hours. If this remains the case going forward, demand for DOT might increase, and its price might go past $7. Source: Santiment On the other hand, Polkadot’s development activity dropped. On many occasions,…
The post Polkadot gets new JAM – What does this mean for DOT’s price? appeared on BitcoinEthereumNews.com.
Polkadot disclosed that the upgrade, when implemented, would interact only with DOT Traders are betting on DOT’s price to increase in the short term Polkadot is set to replace its Relay Chain with a new protocol called the “JAM Chain.” The team, through its co-founder Gavin Wood, made this known at the ongoing Token2049 conference in Dubai. According to Wood, JAM would combine the capabilities of Polkadot and Ethereum [ETH] to provide a permissionless, object-oriented environment for the ecosystem. Exposé is great for the token The project revealed that the environment would be similar to Ethereum’s smart contract system. However, the difference would be the scalable node network secured by Polkadot. Wood, in his statement, explained, “When fully built out, JAM will be a distributed computer that can run almost any kind of task, that can be expressed as a service.” Here, it’s worth noting that DOT would be the only token to interact with the JAM Chain. At press time, DOT was valued at $6.82 following a minimal hike over the last 24 hours. DOT has been underperforming for a while, compared to its other layer-1 counterpart. On the contrary, now that Bitcoin’s [BTC] 4th halving has taken place and JAM is expected to be deployed later, DOT might just perform better on the price charts. It is important to check the token’s potential using 0n-chain data, despite the possibility. For instance, at press time, AMBCrypto found that the Weighted Sentiment about the project had risen. Previously, the sentiment was negative, indicating that the broader market was bearish on the project. This changed over the last 24 hours. If this remains the case going forward, demand for DOT might increase, and its price might go past $7. Source: Santiment On the other hand, Polkadot’s development activity dropped. On many occasions,…
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