2024

Polkadot

<ul class="list-ic vertical"> 
 <li> 1 <a>JAM technology aims to revolutionize AI development on Polkadot.</a> </li> 
 <li> 2 <a>The current bullish price structure suggests a potential surge in the Polkadot price.</a> </li> 
</ul> 
One of the most actively developed crypto projects, Polkadot (DOT), has implemented Asynchronous Backing, a significant upgrade to its parachain consensus protocol, just a week ago. This update improved the processing of its transactions and blocks, which promised considerable enhancements in the blockchain’s efficiency, scalability, and speed. 
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 HOW JAM TECHNOLOGY LEVERAGE AI DEVELOPMENT ON POLKADOT? <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/Polkadot?ref_src=twsrc%5Etfw">@Polkadot</a>'s JAM is set to revolutionize AI! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ab.png" alt="💫" class="wp-smiley" style="height: 1em; max-height: 1em;">The Join-Accumulate Machine offers a new computation model that’s perfect for the heavy lifting required in AI. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;">Let’s dive into how it benefits <a href="https://twitter.com/hashtag/AI?src=hash&amp;ref_src=twsrc%5Etfw">#AI</a> development.<a href="https://twitter.com/hashtag/Polkadot?src=hash&amp;ref_src=twsrc%5Etfw">#Polkadot</a>… <a href="https://t.co/rz5iAIyRUS">pic.twitter.com/rz5iAIyRUS</a>— Polkadot Insider (@PolkadotInsider) <a href="https://twitter.com/PolkadotInsider/status/1791004637203738941?ref_src=twsrc%5Etfw">May 16, 2024</a>
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Additionally, on May 16th, <a href="https://www.thecoinrepublic.com/2024/05/10/user-engagement-in-polkadot-rises-will-dot-stop-consolidating-soon/" target="_blank" rel="noreferrer noopener">Polkadot </a>Insider shared information about JAM technology on X (formerly Twitter). It emphasized that AI advancement on Polkadot has been poised to revolutionize AI with JAM technology.&nbsp;&nbsp; 
Meanwhile, JAM, which stands for Join-Accumulate Machine, introduced a new computational model that is well-suited for the upcoming intensive tasks required in AI development. This JAM technology would probably benefit AI development across various levels, whether through improved computational efficiency or economic and decentralization aspects. 
<h2 class="wp-block-heading" id="strong-what-s-more-for-polkadot-from-the-analyst-s-side-on-x-let-s-find-out-strong">What’s More for Polkadot from the Analyst’s Side on X? Let’s Find Out</h2> 
CashBro mentioned on X that Football fans could own an NFT of their favorite player. It could be a positive development, suggesting that DOT could help fans feel closer to their beloved football teams and players. 
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 Football fans, ever thought of having an NFT of your favorite player?<a href="https://twitter.com/search?q=%24DOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOT</a> might bring you closer <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ab.png" alt="💫" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Polkadot?src=hash&amp;ref_src=twsrc%5Etfw">#Polkadot</a> community recently approved the proposal for a sponsorship deal with Inter Miami, current home of none other than the great Lionel Messi <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/2FYtq9GdyQ">pic.twitter.com/2FYtq9GdyQ</a>— Cash₿ro
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoBro100x) <a href="https://twitter.com/CryptoBro100x/status/1791146254178889892?ref_src=twsrc%5Etfw">May 16, 2024</a>
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He further stated that the Polkadot community has recently agreed on the suggestion for a partnership with Inter Miami, the current home of the legendary football superstar Lionel Messi. 
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 <a href="https://twitter.com/hashtag/Polkadot?src=hash&amp;ref_src=twsrc%5Etfw">#Polkadot</a> <a href="https://twitter.com/search?q=%24DOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOT</a> has not been named as a security by the SEC Technology is ahead of legislation, but when legislation catches up with technology only technology that complies with legislation will continue and technology that does not will fall Keep this in mind when considering… <a href="https://t.co/4N26pWKmYo">pic.twitter.com/4N26pWKmYo</a>— Tony ₿itcoin
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Toni_Bitcoin) <a href="https://twitter.com/Toni_Bitcoin/status/1791103362114400306?ref_src=twsrc%5Etfw">May 16, 2024</a>
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In addition, analyst Tony Bitcoin tweeted about Polkadot (DOT), stating that the SEC has not classified it as a security. 
<h3 class="wp-block-heading" id="strong-polkadot-surging-higher-can-it-skyrocket-strong">Polkadot Surging Higher: Can It Skyrocket?&nbsp;</h3> 
At press time, the Polkadot price structure was bullish and had risen above the 20-day EMA, and it was approaching the 50-day EMA to cut from below. The price has also been backed by bullish indicators, as the MACD shows a bullish cross, and the RSI is above the median line at 54.25.  
<a href="https://in.tradingview.com/chart/DOTUSD/QQPaYB3a-the-resurgence-continues/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a>  
Therefore, if the resurgence continues to push beyond the resistance, the price could head toward the target levels of $8.0 and $9.0. Conversely, if the rally gets a hold and the sellers’ strength increases, it could shatter the nearest support level at $6.0. Breaking that support could drag the DOT price toward the $4.50 support level. 
<h3 class="wp-block-heading" id="strong-summary-strong">Summary</h3> 
Last week, Polkadot (DOT) implemented Asynchronous Backing, a significant upgrade to its parachain consensus protocol. Additionally, JAM technology aims to revolutionize AI development on Polkadot. Furthermore, there are discussions about potential partnerships with Inter Miami and clarification from analysts that Polkadot has not been classified as a security by the SEC.&nbsp; 
The current bullish price structure suggests a potential surge in the DOT crypto price, with resistance levels at $8.0 and $9.0 and support levels at $6.0 and $4.50. 
<h4 class="wp-block-heading">Disclaimer</h4> 
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Can Polkadot Reach $9 Amid Optimistic Developments & Changes?

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