DOT (Polkadot) has fallen 2.04% in the last 24 hours.

Gate News Bot news, November 3rd, according to CoinMarketCap data, as of the time of writing, DOT (Polkadot) is currently priced at $2.89, down 2.04% in the last 24 hours, with a high of $3.24 and a low of $2.79. The 24-hour volume reached $175 million. The current market capitalization is approximately $4.715 billion, a decrease of $98.0535 million compared to yesterday.

Polkadot is the most scalable, secure, and adaptable blockchain platform designed for builders pushing the boundaries of Web3 and users demanding true ownership. Designed for mass adoption, Polkadot brings Web3 to the world. Polkadot provides you with everything you need to build, participate in, or lead in Web3. The tools are ready. The community is here. What will your next move be?

Important news about DOT recently:

1️⃣ Astar Network Proposal to Optimize Coretime Auto-Renewal Mechanism The Astar community is considering an important proposal aimed at reactivating its Coretime auto-renewal feature on the Polkadot network. The proposal plans to implement a 28-day auto-renewal mechanism for Astar Core 38 by initiating an XCM call to Polkadot's Coretime system chain, which will ensure the continuous and stable operation of the network without the need for frequent manual interventions or governance-driven renewal operations.

2️⃣ Astar sovereign account DOT reserves are sufficient The current sovereign account of Astar holds approximately 300 DOT in reserves. At the current fee rate, this reserve is expected to provide operational support for the Astar network for up to 2 years, reflecting Astar's long-term commitment and confidence in the Polkadot ecosystem.

3️⃣ Continuous Optimization of the Parachain Ecosystem Astar, as one of the important parachains of Polkadot, reflects the continuous improvement and upgrading of the Polkadot ecosystem through its optimization of the Coretime renewal mechanism. This ongoing technical improvement helps to enhance the efficiency and user experience of the entire Polkadot network, which may have a positive impact on the long-term value of DOT.

From a technical perspective, although the DOT price has fallen in the short term, the continuous optimization of the Polkadot ecosystem may lay a more solid foundation for its future development. However, the cryptocurrency market still has high volatility, and investors need to closely monitor market trends and project progress.

This message does not constitute investment advice; investors should be aware of market volatility risks.