Agile Coretime Launch Boosts Polkadot (DOT) Price Amid Growing Bullish Sentiment

Polkadot (DOT) price has surged 8% following the release of “Agile Coretime,” a key component of the Polkadot 2.0 upgrade.

Polkadot (DOT) price surged 8% following the introduction of Agile Coretime, a key component of the Polkadot 2.0 upgrade. This major update is designed to enhance the network's capacity, performance, and usability, garnering the attention of developers and investors once again.

Announced on September 19, Agile Coretime marks a new era for Polkadot with its dynamic resource management approach. This system differs from the previous auction-based mechanism that allocated blockspace in two-year leases. Now, projects can procure blockspace on an as-needed basis, cutting costs and facilitating better blockchain operations.

This change is particularly beneficial for smaller projects and new initiatives that can now enter the Polkadot ecosystem more easily. With Agile Coretime, the cost of entry is lower, and projects can scale their resource utilization based on their requirements.

“Agile Coretime is a game-changer for Polkadot,” Polkadot stated in a tweet.

Increased Flexibility and Cost Efficiency for Developers This upgrade is a significant shift for developers working on Polkadot. Under the new model, projects can purchase block space as needed, eliminating the need for massive DOT pledges.

As a result, new projects and independent developers can now join Polkadot and leverage its strong foundation to build their ideas.

According to Derek Yoo, CEO of Moonsong Labs, Agile Coretime addresses a critical challenge faced by developers: finding a balance between acquiring scalable resources and avoiding the high costs associated with purchasing an entire block space.

“For newer projects, on-demand coretime allows for a gradual increase in resources, while guaranteed resources can be obtained in bulk for established projects,” Yoo explained.

This upgrade aims to provide a more flexible and cost-efficient mechanism for developers to optimize their blockchain projects.

Market Indicators Suggest Potential Bullish Trend for DOT This launch has positively impacted Polkadot's market performance, with DOT rallying amid growing bullish sentiment.

According to recent technical analysis, DOT appears to be approaching a potential bottom, with technical indicators such as the Moving Average Convergence Divergence (MACD) displaying higher lows. As the moving averages flatten, it suggests that DOT may be preparing for a rally as the market stabilizes. At press time, DOT price encountered a mild recovery, surging 8.15% from the intra-day low and trading at $4.34

Additionally, the Chaikin Money Flow indicator suggests a divergence between the increasing buying pressure and the downward price action. This pattern is commonly associated with accumulation, indicating that buyers may be gradually pushing the price of DOT up.

The long position, currently at 73%, also suggests a growing optimism among investors, with both retail and institutional investors likely buying more in anticipation of higher prices.

As Agile Coretime is now live on Polkadot, the team is preparing to introduce the next major upgrade, known as Elastic Scaling. This feature will enable chains to utilize multiple cores within a single block, ultimately improving the network topology and reducing congestion during peak times.

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