DOT (Polkadot) rose 4.99% in the last 24 hours.

Gate News Bot news, on November 6, according to CoinMarketCap, as of the time of writing, DOT (Polkadot) is currently priced at $2.64, with a pump of 4.99% in the last 24 hours, reaching a high of $3.12 and a low of $2.36. The 24-hour volume has reached $237 million. The current market capitalization is approximately $4.297 billion, an increase of $204 million compared to yesterday.

Polkadot is the most scalable, secure, and resilient blockchain platform designed to drive the development of Web3. Polkadot provides developers with all the tools they need to build custom blockchains or decentralized applications of their dreams in a short amount of time. The platform is ready for mass adoption, bringing Web3 to the world.

Important news about DOT recently:

1️⃣ Astar Network Optimizes Coretime Automatic Renewal Mechanism The Astar community is considering an important proposal aimed at reactivating its Coretime automatic renewal feature on the Polkadot network. The proposal plans to implement a 28-day automatic renewal mechanism for Astar Core 38 by initiating an XCM call to the Coretime system chain of Polkadot. This initiative will ensure the continuous stable operation of the network, reduce the need for manual intervention, and improve overall efficiency.

2️⃣ Astar sovereign account DOT reserves are sufficient Currently, Astar's sovereign account holds approximately 300 DOT in reserves. At the current rate, this reserve is expected to provide operational support for the Astar network for up to 2 years. This not only reflects Astar's long-term commitment to the Polkadot ecosystem but also provides a solid guarantee for its continued stable operation within the Polkadot network.

3️⃣ The parallel chain ecosystem continues to optimize As one of the important parachains of Polkadot, Astar's optimization of the Coretime renewal mechanism reflects the ongoing improvement and upgrade of the entire Polkadot ecosystem. This continuous technical enhancement helps to improve the overall efficiency of the Polkadot network and user experience, which may have a positive impact on the long-term value of DOT and the healthy development of the ecosystem.

From a technical perspective, although the price of DOT has experienced fluctuations in the past few days, the continuous optimization of the Polkadot ecosystem has laid a more solid foundation for its future development. In particular, improvements in technology and operations of important parachains like Astar may enhance investors' confidence in the long-term development prospects of the Polkadot network.

This message is not intended as investment advice; investors should be aware of market volatility risks.