The market in the volume distribution phase


For this altcoin, a new volume distribution begins. The market has locked buyers, so we should expect a decline to the previous growth source at $8 and below $4.30–4.50. The market can distribute volumes up to this range, then a new flat formation and a new upward movement will follow.


Last week, the Polkadot altcoin has reached $3.5 bn of market capitalization which allowed it to bypass Bitcoin Cash, Binance Coin, Litecoin, and many others and to take the 7th place in the Coinmarketcap digital currencies ranking. At the same time, given the small age, its movement chart existed quite recently and there’s not enough objective data to evaluate the project.



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store