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Why is Trading Suspended for DOT (Why is the price of DOT not rising)?

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Why is trading suspended for DOT? Many projects in the Polkadot ecosystem have

Why is Trading Suspended for DOT (Why is the price of DOT not rising)?

Why is trading suspended for DOT? Many projects in the Polkadot ecosystem have suffered losses due to the inability to trade on the main network. To address this issue, why is trading suspended for DOT? According to the blockchain explorer, there have been 3 errors so far: 1. Inability to sync due to unstable network, 2. High error rate; 4. Insufficient validators or participants to execute contract calls, resulting in a significant amount of time needed to address these issues; 5. Some nodes had their funds stolen due to operational mistakes, and there was significant pressure before transferring and withdrawing funds functionalities were disabled; 6. Some developers discovered and fixed a bug, possibly due to heavy reliance on the consensus algorithm; 7. Some core contributors are working with third-party service providers to migrate their own code to their software; 8. Technically, this situation is acceptable but unlikely to occur. (Note: https://github.com/paritytechnologies/polkadot-network/releases/1. Why is trading suspended for DOT?)

Why is the price of DOT not rising?

Editor’s note: This article is from “Blockchain in Plain Language” (ID: hellobtc), author: Yang Shu, authorized reprint from Odaily Planet Daily.

Why is the price of DOT not rising? In the bull market led by Bitcoin, it has returned to the bear market. 1. Why can’t DOT become a mainstream coin? From October 2019 to now, the price of DOT has fallen by nearly 20%. Since April of this year, the price has risen more than 2 times. In mid-December last year, it reached a historical high of less than $1, but then began to decline. Currently, it has dropped to the lowest price, even close to zero. 2. Why are other projects in the Polkadot ecosystem not as promising as Polkadot? 3. “Mindless encryption” leads to widespread stagnation in currencies. 6. Why is DOT not rising? According to CoinMarketCap data, Stellar (XLM) had the largest increase in the past 7 days, while Ethereum Classic (ETH) now has the second largest increase.

According to data from DuneAnalytics, as of the end of November 2018, the daily average trading volume of Ethereum was more than $1.5 billion, accounting for about 50% of the total trading volume of Ethereum. This means that DOT has fewer than 5 daily average transfers. In addition, DOT also experienced a “reduction” last month, but this time there was an unusual problem, “slow inflation”. 3. Why can’t DOT enter the mainstream market? By the end of 2020, the Polkadot Foundation announced the establishment of a dedicated working group responsible for promoting the development and governance of Polkadot. This organization aims to improve network efficiency by providing support to nodes. “We hope to bring Polkadot to the world.”

However, for most people, they still don’t understand the reasons behind it because they do not possess the basic attributes of currency and conflict with the legal status of sovereign countries: “I think if these countries want to become the infrastructure of the global financial system, they must have a strong economic infrastructure to support its development.” 3. Why can’t DOT become a mainstream coin? The reason is that its issuance mechanism is very simple, that is, blockchain technology can only be supported when there is a certain degree of consensus.

For example, on Polkadot, users can use their own tokens without paying any fees to participate in project management, and they can also receive some dividend income or allow some investors to use tokens to buy stocks, and so on. In this way, every user on Polkadot can get a certain amount of share rewards and voting rights. Of course, this also includes some early investors, whose funds come from a team or an individual, rather than what they actually own.” In addition, many exchanges are trying to launch their own native digital assets. For example, the BTC/USDT spot market on OKEX reached as high as $30 million the day before it went online, but quickly dropped by about 80% in a short period of time.

In recent times,

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