 Polkadot, known for its interoperability and scalability features, has seen a sharp increase in revenue, indicating a rise in network usage and adoption. According to recent data by Polkadot Insider, a Polkadot news outlet, Polkadot ranked second among blockchains with the highest revenue rate in the past week. This surge aligns with an uptick in network fees, a common indicator of heightened activity on a blockchain. Polkadot, DOT, is experiencing a major transaction blowout in what is regarded as an unprecedented move on the protocol. According to on-chain data, Polkadot's daily transactions have topped the 1 million benchmark, marking a historic high for the Layer 1 blockchain network. Before this major blowout, the best recorded transaction count Polkadot witnessed was 941,000 transactions on May 5th, 2021. While this previous transaction jump came as a natural embrace of the blockchain, this current blowup is notably stirred by the emergence of inscriptions. The Polkadot, DOT price, is trading inside a short-term bullish pattern but has yet to show any bullish reversal signs. Polkadot's all-time high is $54.98. This ATH was reached on the 4th of November 2021. Polkadot's price needs to rise 918.15% to reach a new all-time high. But is DOT a good investment? Polkadot is still considered a relatively new cryptocurrency that is still under development and has a huge potential for growth in the future. Today's live Polkadot price is $8.20 with a 24-hour trading volume of $854,355,292. Polkadot is up 18% in the last 24 hours. The current coin market cap ranking is HASH 11 with a live market cap of $10,411,378,068. It has a circulating supply of 1,269,039,815 DOT coins and the max. Supply is not available. The Polkadot price analysis on December 21 shows that the bulls resist the downtrend. DOT had dropped to a low of $6.86 in December and continued to trade at the same levels as bears dominated the market. However, it has since climbed above the 7.50 level to reach a high of 8.2, increasing by 18% in the last 24 hours. An increase in trading volume further strengthens the bullish momentum. Over the past 24 hours, the trading volume has increased by 195% from $163 million to $854 million, indicating that the bulls are in full control of the market. The buyers have the upper hand in the market and will likely push the price higher in the coming days. The daily chart for Polkadot price analysis shows that the digital asset is forming an uptrend following strong bullish pressure. DOT forms higher and lower highs, indicating that the bulls may control the market. The price trades above the 20-day moving average, MA, and the 50-day MA, suggesting the market sentiment is bullish. The relative strength index, RSI, is currently at 66.84 and is rising, a signal that the bulls have the upper hand. The buyers could push the price to new highs if they maintain their momentum. The nearest resistance levels are 7.50 and 7.64. The MACD indicator is in the bullish zone and is increasing, confirming the strong buying pressure as a green bar has been observed forming on the histogram. The staking interface for Polkadot has undergone a significant transformation with its latest 1.1 update, spearheaded by Parity Technologies engineer Ross Belot. Users can now easily evaluate validators, thanks to the introduction of a two-week performance tracking system. This analytical enhancement allows for better decision-making and validator selection by providing a comparative view of their activity over a fortnight. Gavin Wood, the founder of Polkadot, the blockchain interoperability platform, has come under fire for putting a condition on a possible $5M donation to help the Ukrainian govete with the crisis caused by the Russian invasion. Some respondents felt this was less of a humanitarian gesture and more of a marketing punt. Will this affect our Polkadot price prediction? Web3 Foundation met regularly with the SEC and attempted to break new ground and comply with US federal securities laws to the offer and sale, marketing and delivery to initial purchasers and treatment of retail purchasers in line with public companies. Even though most cryptocurrencies are trading at a dip, the DOT token still manages an overall ROI of 866, 84% plus. Moving forward, crypto analysts are convinced that the coin will sustain this uptrend and possibly break above $100 in the next few years, so you see it's a win-win gesture by Gavin Wood. The crypto community needs to show its humanitarian side during these trying times. The Polkadot DOT price is trading inside a short term bullish pattern but has yet to show any bullish reversal signs. Polkadot's all-time high is $54.98. This ATH was reached on the 4th of November 2021. Polkadot's price needs to rise 918.15% to reach a new all-time high. But is DOT a good investment? Polkadot is still considered a relatively new cryptocurrency that is still under development and has a huge potential for growth in the future. Overall, Polkadot price analysis paints a bullish picture. The digital asset has regained its footing above the 7.50 level and is looking to test resistance at the $6.86 and $7.59 level soon. The buyers need to keep up their momentum for the price to break out of these levels. If they succeed, DOT will likely form a new high as it continues its uptrend journey. There are endless advantages that come with cryptocurrency market investments. For one, sending any data across the blockchain revolutionizes the sector. Furthermore, you could transfer across public, open, permissionless blockchains and leverage the best characteristics of each network. In this way, Polkadot introduces a new era in scalability, interoperability, and security. In addition, the firm's flexible and adaptive architecture facilitates building technology, including innovative contract platforms. In this way, developers can build next-gen applications that get permission from a private blockchain and use it publicly. The Polkadot projection has shown a lot of potentials. It's the next step in improving blockchain technology. Moreover, it's a scalable business model, leaving lots of room for growth. For investors, business growth means an increase in valuation. Therefore, the biggest pro for investing in DOT is the rise in its popularity and large size. According to many coin price predictions, the price will reach the $1,100 mark in the upcoming months, meaning a total market capitalization will rise to $107 billion.