Investment Disclaimer:

• I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
• Past performance presented here is not an indicator of future performance.
• This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.

1. Top 3 Good News for DOT HODLERS !!!

• Enjin raises nearly $19 million to build Polkadot-based blockchain for NFTs
  Statistic as of 3 Apr 2021 12:55 PM EDT: 41 positive votes, 0 negative votes
  Enjin, a renowned leading NFT blockchain company has raised around $ 19 million in the recent funding round to build a Polkadot-based blockchain that specializes in NFTs, known as Efinity.
  
  
• Polkadot moves towards sharding as Acala Network secures first Rococo parachain slot
  Statistic as of 3 Apr 2021 12:55 PM EDT: 30 positive votes, 1 negative votes
  DeFi platform Acala Network has announced its won on Polkadot testnet Rococo very first parachain slot. 
  
  
• Chainlink releases native Substrate module to bring its oracles to Polkadot
  Statistic as of 3 Apr 2021 12:55 PM EDT: 31 positive votes, 3 negative votes
  Polkadot could now add Chainlink price feed into their blockchain ecosystem.

2. How Polkadot Performs Relative to Other Cryptos ?

As of 3 April 2021, Polkadot has made a cumulative return of 1382.29% since Jan 2020 and 517.67% since Jan 2021. It is currently the 4th greatest performing crypto asset since Jan 2021 as compared to the other cryptocurrencies presented above.

3. Technical Analysis on Polkadot

3.1. Volume Weighted Average Price (VWAP)

3.2. Moving Average Convergence Divergence (MACD)

3.3. Bollinger Band

3.4. Relative Strength Index (RSI)

Based on the technical analysis presented above, DOT has been trending up very high this week, and quantdoge thinks that there is a possibility for DOT to pullback in the near term to a lower price level, but I could be wrong, hence, please make careful due diligence before making any trading ot investment decision.

4. Polkadot Risk Profile

Based on the 100-day 95% historical Value-at-Risk (VaR) profile of Polkadot defined above, DOT is becoming riskier on 3 Apr 2021 as compared to 10 days before on 25 Mar 2021, with its biggest pullback being seen at 12.42% on a single day during the last 100 days.

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If you are into Ethereum (ETH) and Bitcoin (BTC), I have made a similar analysis on them at:

• 1 April 2021 (THU)- Bitcoin (BTC) Daily Risk Report
  
  
• 1 April 2021 (THU)- Ethereum (ETH) Daily Risk Report

If you like my analysis and articles, please follow me at @quantdoge for daily updates.