Polkadot Devs Go Into Overdrive—Price Primed to Follow?

GitHub commits don’t pay the bills, but Polkadot’s engineering team just flipped the ’hard work’ switch to ludicrous mode. While traders chase memecoins, the network’s codebase is quietly stacking upgrades like a crypto Jenga tower that hasn’t toppled yet.

The signal in the noise: When dev activity spikes, big moves often follow. Ethereum did it in 2020, Solana in 2021—now DOT’s turn? Maybe. Just don’t tell the ’number go up’ crowd that actual tech takes longer than a leverage trade.

Prediction: If the market rediscovers fundamentals (lol), Polkadot’s price might finally reflect what’s happening under the hood. Until then—enjoy the GitHub green squares, nerds.

Similarly, activity in Kusama (KSM), its canary network, also jumped by over 25% in the same period. These numbers make Polkadot and Kusama some of the most active chains in terms of Github activity after Internet Computer (ICP), Filecoin (FIL), and Cardano (ADA).

This uptick in development is likely linked to the ongoing transition to Polkadot 2.0. Two of the three major components have already been implemented: agile coretime and asynchronous backing. Agile coretime replaces the parachain slot auction system with an on-demand blockspace model, while asynchronous backing reduces block time to just six seconds.

Developers are now working on the third phase: elastic scaling, which introduces dynamic resource allocation, allowing parachains to scale based on demand.

Polkadot price technical analysis

The daily chart shows that the DOT price bottomed around $3.5, where it has failed to drop since November 2023. It has formed a triple-bottom chart pattern whose neckline is at $11.70, its highest swing on December 2 last year. 

The last time Polkadot dropped to this level was in November, after which it surged by 187%. Prior to that, it rebounded nearly 200% to its peak on March 13, 2023.

The two lines of the Percentage Price Oscillator have formed a bullish crossover. Additionally, the Relative Strength Index has been trending upward.

Therefore, the outlook for Polkadot is bullish, with the key target being the December high at $11.63. This bullish view remains intact as long as DOT holds above the support level at $3.50.