Crypto Comeback Pro is a crypto trading tool for investing in the crypto market with an %88 average win rate on trades and is the #1 trading software for crypto traders from all around the globe in 2022. Try it For FREE Today. (Ad)
Decentralization remains a crucial feature of any blockchain. Remember, validators and miners within the decentralized space are critical. Moreover, the capacity of a platform to prevent attacks is of importance. Meanwhile, Polkadot appears to lead in that sector.
Polkadot: The Safest Network?
A detailed analysis remains crucial to term Polkadot as the safest platform. However, the chain has one of the highest distributed validator numbers of some significant decentralized finance (DeFi) chains. Unstoppable Finance’s Solana analysis revealed that Polkadot dominates as far as Nakamoto Coefficient is concerned.
The metric primarily represents total nodes or validators that should conspire to result in slowdowns or block a blockchain from operating successfully and normally.
Solana has this figure at 27, with 27 validators controlling 33% of overall staked coins. Meanwhile, Polkadot’s stands at 82. Even one of the rapidly flourishing DeFi chains from last year, Avalanche, had the same number at 28.
Therefore, Polkadot could be a lucrative choice on the front. However, the narrative could change for long-term returns-seeking individuals.
Polkadot has recovered a massive 86.05% drawdown between November last year and this publication, with prices plummeting to $7.84 from $56. Meanwhile, the altcoin presented recovery signals within the past few days. DOT surged 17% over the previous seven days.
That shows that individuals who have participated on the platform since 2021 experience massive losses at the moment. However, DOT surging from lows might be a lucrative opportunity for near-term investors.
Also, the risk-adjusted profit in the token – Sharpe Ratio- showed impressive readings during this publication. The metric hovered at a 4-month peak of 2.03.
Moreover, the RSI (Relative Strength Index) sustained its bullish uptick during this publication. That predicts minimal price declines in the coming sessions.
The crypto market flashed brief upticks within the past 24 hours. Bitcoin gained 0.90% over the past day to change hands at $23,061.96.
Also, the altcoin space recorded upswings, with Ethereum surging 1.80% to $1,648.15. Nevertheless, the crypto spectrum remains weak, and bulls need massive momentum to annul prevailing bearish tendencies.
Stay around for the latest news in the cryptocurrency market.
Crypto Comeback Pro is a crypto trading tool for investing in the crypto market with an %88 average win rate on trades and is the #1 trading software for crypto traders from all around the globe in 2022. Try it For FREE Today. (Ad)
