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Polkadot price rare patterns point to a breakout ahead of key events

Polkadot price remains 40% below its highest level in December, but a rare chart pattern on the daily chart points to a strong rebound. Polkadot ( DOT ), a leading layer-1 network with a market cap of $11 billion and a staking yield of 12%, has underperformed large-cap cryptocurrencies over the past few years. This performance is likely due to its ecosystem being less prominent compared to other chains like Solana ( SOL ) and Ethereum ( ETH ). Solana is widely recognized for its meme coins and popular decentralized exchange networks like Raydium and Orca. On the other hand, Ethereum is known for its extensive ecosystem, which includes decentralized applications such as AAVE and Compound, as well as numerous ERC tokens that rely on its technology. You might also like: 3 reasons why Cardano price may surge 50% soon Polkadot is working to change this as part of the Polkadot 2.0 initiative , which aims to scale the network for a wide range of use cases. This includes upgrading its asset hub to support Ethereum Virtual Machine and Solidity-based smart contracts. Polkadot will also introduce elastic scaling, enabling developers to dynamically adjust throughput, and a unified address format. Other key upgrades planned for this year include using DOT as the universal fee token across all parachains. The developers hope these upgrades will make Polkadot the go-to blockchain for developers in industries such as gaming and decentralized finance. There are signs that these initiatives are starting to deliver results. For example, the amount of Tether and USD Coin within its ecosystem’s parachains has grown by 400% over the past 12 months, reaching more than $114 million. Stablecoin transfers should be: ⚡️ Fast ???? Inexpensive ???? Payable in stables PS — the amount of USDT + USDC on parachains has surged from $22M in January 2024 to $114M today. That`s over a 400% increase in the last 12 months ???? screenshot from @NovaWalletApp pic.twitter.com/uo1B678hg5 — Polkadot (@Polkadot) January 16, 2025 Polkadot is also an American crypto project that could benefit from the Trump administration. For instance, it may be one of the projects to receive a spot ETF approval. Trump has indicated he might be open to including some American crypto projects in a US reserve. Polkadot price technical analysis Polkadot price chart | Source: crypto.news The daily chart shows that the DOT price has formed two chart patterns that could drive it higher in the near term. It has formed a double-bottom pattern at $6, a widely recognized formation that often leads to bullish breakouts. Polkadot has also formed a falling wedge pattern, characterized by two descending and converging trendlines. It has moved above the 100-day moving average, a signal that bulls are gaining control. As a result, the coin is likely to experience a bullish breakout, with the next key level to watch being $11.65, its highest swing on Dec. 4 and 60% above the current level. You might also like: Stellar price prediction: Will XLM shine bright in 2025? Bitcoin.com

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Spicy Projects #7: Cookie DAO

What is Cookie DAO? Cookie DAO’s mission is simple yet bold: provide the ultimate data layer for an AI-driven future. Picture hundreds of AI “agents” (automated programs that make their own decisions) operating across different crypto networks. These agents need clear, up-to-date information to function effectively. That’s where Cookie DAO steps in. The team launched cookie.fun , the first and largest index of AI agents. Think of it as the “CoinPaprika for AI agents,” tracking over 900 agents with a token and an X (Twitter) account. If you’re looking to invest in promising AI agents, cookie.fun helps you make data-driven decisions by providing real-time insights on social and on-chain performance. Thanks to the $COOKIE token, the platform already sees more than 50,000 unique users every day, reaching over 300,000 unique users each month! Cookie.fun and Cookie Data Swarm Cookie.fun offers a top-level overview of the AI agent market—perfect for traders who want to spot the next big thing without diving into every project blindly. Free features let you check an agent’s social media buzz and on-chain performance over 3-day and 7-day periods. Serious about trading? Lock 10,000 $COOKIE (on BNB or Base) to unlock premium tools with more detailed intervals. On the backend, Cookie DAO powers this data through its Cookie Data Swarm , a network of 18 specialized AI agents working together to gather, label, and map a huge amount of data—over 7TB worth! Anyone can tap into this data through APIs , paying a monthly subscription of $5,000 in $COOKIE (half of which is instantly burned, and half goes to the DAO). Why Cookie DAO Matters AI models are only as good as the data they’re given, and Cookie DAO stands right at the center of this new “agentic” economy. Their platform and APIs have become vital to big players in the space, including frameworks like Virtuals, VVAIFU, and Top Hat. Over 1,000 agents are already listed on cookie.fun, with more joining every day across major chains like Solana, Ethereum, Base, and many others. Cookie DAO’s numbers speak for themselves: 300K+ monthly visitors on cookie.fun 1,000+ premium users 12.5M $COOKIE locked by premium users APIs used by major projects like Virtuals and Zerebro What’s next? Cookie DAO is leading the way for a new wave they call DeFAI (Decentralized Finance + AI). As AI-powered agents grow smarter, Cookie DAO’s modular DataSwarm APIs will give them all the information they need to make better decisions. Whether you’re a trader, a developer, or an investor, Cookie DAO aims to be the backbone of AI in Web3—allowing you to feed accurate, live data into your own projects and ideas. Fun Fact Cookie.fun was built in just two weeks! Since then, three more versions have rolled out (with a fourth on the way), each packed with new features and a premium, token-gated service. From quick beginnings to a comprehensive AI data solution, Cookie DAO is one spicy project that shows no sign of cooling down. Keep an eye on cookie.fun and watch as AI takes center stage in Web3—powered by the data layer that Cookie DAO provides. Stay tuned for more Spicy Projects, where we highlight the hottest ideas in Web3! Bitcoin.com