Polkadot (DOT), the second-largest smart contract protocol in the cryptocurrency market by valuation behind Ethereum, is up nearly 30% in the last 24 hours. Polkadot's market capitalization has also surpassed $10 billion, solidifying its position as the fifth-biggest crypto asset.

There are several major reasons behind DOT’s strong uptrend: strong technical market structure, anticipation of scalable blockchain networks, and the craze around DeFi.

Full version - https://cointelegraph.com/news/polkadot-skyrockets-nearly-30-to-10-billion-market-cap-what-s-behind-the-rally?utm_source=Telegram&utm_medium=social