Polkadot Ecosystem Summary (DOT): Recent Advances

TL;DR

Polkadot Blockchain Academy launched its fifth cohort in Singapore to nurture developer talent with 184 class hours and 18 experienced instructors. Polkadot recently introduced asynchronous support for better block validation and partnered with the Founder Institute for a Web3 cohort. Despite these developments, the price of DOT remains stable around $7, with mixed future predictions. The latest update

According to a document shared with CryptoPotato, Polkadot Blockchain Academy (PBA) introduced its fifth cohort in Singapore late last month. The initiative aims to foster the talent of developers in the region and provide a learning experience for participants.

The cohort is led by 18 experienced instructors, and as such students can expect top-notch guidance throughout the program. The project features 184 hours of lecture, providing participants with a deep understanding of Polkadot and blockchain technology in general. Some modules include Smart Contracts, Governance, Economics and Polkadot-SDK.

Pauline Cohen Vorms, CEO and co-founder of Polkadot Blockchain Academy, commented on the initiative, describing Asia as “a dynamic market for blockchain and especially for Polkadot.”

“Some of our strongest projects, collaborators, developers and founders are based in Asia. It is an important region perfectly suited to the establishment of the fifth cohort of PBA to educate, generate knowledge and help graduate a new wave of talent,” he added.

Another recent update related to the Polkadot ecosystem includes enabling asynchronous support. The update represents “an optimized approach to how the relay chain validates parachain blocks.”

The team behind Polkadot revealed that blocks are produced twice as fast, while the available block space increased 6-10 times after this breakthrough.

The blockchain protocol also partnered with Founder Institute (a leading business incubator that turns ideas into fundable startups). The latter described the agreement as “strategic”, explaining that it marks the beginning of “an exciting chapter” related to the launch of the first Web3 cohort of its core program. The start of the project was set for May 28 and will be led by leading experts from the Polkadot community.

DOT Price Outlook

Despite the many developments surrounding Polkadot, its native cryptocurrency, DOT, is in the red on a two-week scale. It is currently trading around $7, a level of consolidation seen in recent days.

DOT price, Source: CoinGecko

One analyst who believes DOT is poised for a rally is X user Crypto_X100_Hunter. They admitted to entering the ecosystem as an investor, envisioning a price increase in the $75-$100 range “if we see a really bullish market.”

Block Diversity and Altcoin Sherpa also joined last week. The former expects the price to take off as long as the DOT remains above $6.90. Note that the token’s value briefly fell below this level on May 31st before recovering.

Altcoin Sherpa also believes that the DOT may experience a bull run, although not as substantial as other analysts. They stated that outperforming the rest of the market is “highly unlikely”, and advised investors to sell during the next pump.

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