DOT (Polkadot) has fallen 22.19% in the last 24 hours.

Gate News Bot message, on October 11, according to CoinMarketCap data, as of the time of writing, DOT (Polkadot) is currently priced at $3.19, falling 22.19% in the last 24 hours, with a high of $4.43 and a low of $1.41, and a 24-hour volume of $1.545 billion. The current market capitalization is approximately $5.181 billion, a decrease of about $1.478 billion compared to yesterday.

Polkadot is the most scalable, secure, and flexible blockchain platform designed to drive boundaries and mass adoption. Polkadot brings everything to Web3, providing true ownership for builders and users. As an engineering platform for mass adoption, Polkadot has brought Web3 to the world.

Important news about DOT recently:

1️⃣ Polkadot has been selected for Hong Kong's key introduced enterprises list The Hong Kong Special Administrative Region Government's Office for Key Enterprises has announced the fifth batch of key enterprises to be introduced, and DOT has successfully been selected. DOT will establish an office in Hong Kong to participate in research, development, and business expansion, marking its official entry into the Hong Kong market and is expected to accelerate its development in the Asia-Pacific region.

2️⃣ Hong Kong Web3 ecosystem welcomes important participants The Polkadot Community Foundation has settled in Hong Kong, becoming an important force in promoting local Web3 development. Polkadot co-founder Vincent stated that they are optimistic about Hong Kong's prospects in driving Web3, believing that Hong Kong has advantages such as low tax rates and abundant talent, which will provide favorable conditions for the development of Polkadot in Hong Kong.

3️⃣ The improvement of the regulatory environment in Hong Kong is beneficial for the development of Polkadot The Hong Kong government has recently taken regulatory actions regarding stablecoin licensing, creating a clearer legal environment for blockchain projects. The improvement of this regulatory framework is expected to provide more stable and predictable development space for Polkadot's business expansion in Hong Kong.

Although Polkadot has made strategic progress in Hong Kong, its short-term market performance is still affected by the overall volatility of the cryptocurrency market. Investors need to closely monitor the specific development process of the project in Hong Kong and its potential impact on the DOT price.

This message is not intended as investment advice; investors should be aware of market volatility risks.