Polkadot at $1.006: a year of new DOT equals a fifth of one trading day

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Context: the DOT price stands at $1.006 on Monday evening, its lowest since September 16, even though Polkadot capped its supply in March. We work through how small the new issuance really is against daily turnover.The facts: Polkadot trades at $1.006, or 0.899 euros, on Monday evening, October 26, down 3.3 percent in 24 hours (CoinGecko data, as of 18:52 UTC). Our assessment follows further down: the supply cap agreed in March is too small to carry the day-to-day price. That leaves the price at a round number which last mattered in September. If you hold DOT, the long-term picture is in our Polkadot overview; this piece takes apart today's state of play and names the levels that count now. Polkadot at the $1 mark: Monday evening's numbers The day's range ran from $1.003 to $1.039. Tokens worth around $126.7 million changed hands over the past 24 hours. Market capitalization stands at about $1.72 billion, rank 57 among all crypto assets. Over seven days DOT is down 11.9 percent,...