Due to a series of upgrades to the network in the past few months, Polkadot's development has rallied to an all-time high.
Interestingly, despite these attempts to improve the efficiency of Polkadot to drive up network user activity, the active address count of the chain has dropped. As a result, transaction fees have trended downward in the past few months.
Things appeared gloomier on the daily chart, with key indicators signaling severe bearishness in the DOT market. According to the alt’s Moving Average Convergence Divergence indicator, the trend line intersected the MACD line in a downtrend on 10 July, indicating that the bears regained control of the DOT and have since begun to distribute their DOT holdings.
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