PEAQ fluctuates 52.9% in 24 hours: Driven by Polkadot 2026 upgrade expectations and surge in trading volume
Bitget Pulse2026/03/17 22:03Volatility Brief
In the past 24 hours, PEAQ price rebounded from a low of $0.0138 to a high of $0.0211 and is currently at $0.0171, with a price swing of 52.9% and intraday volatility reaching up to 64.8%. Trading volume increased significantly, hitting $12.32 million according to CoinGecko data. Bitget platform spot trading volume surged by 117% compared to the previous period, with total 24-hour volume across all platforms reaching as high as $18.67 million, a day-over-day increase of 1006.70%.
Brief Analysis of Abnormal Movement Reasons
• Polkadot’s March tokenomics reset (capped supply of 2.1 billion DOT, emission rate lowered by 53.6%) led to an 11% DOT price increase and a 300% surge in trading volume, directly spurring a rebound in DePIN ecosystem parachains such as PEAQ.
• Market expectations around Polkadot’s 2026 JAM (Join-Accumulate Machine) upgrade, which aims to transform the platform into a generic decentralized computing system enhancing scalability and cross-chain interoperability (Agile Coretime, XCM v4), benefit the application rollout of DePIN projects like PEAQ.
Market Views & Outlook
Overall market sentiment remains cautiously optimistic. Technical analysis on X platform indicates a short-term bearish pattern on the 1H chart but with rebound potential near support at approximately $0.0128. The community is closely watching the real-world impact of Polkadot’s upgrades; analysts highlight the risks of high volatility, advise caution regarding sell pressure above $0.021, while remaining optimistic about DePIN’s long-term prospects.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for information reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US PPI report to test Bitcoin, gold and Nasdaq as December rate hike looms
Nvidia falls to its lowest valuation in 14 years! "Super bull" Tom Lee calls for bottom fishing, retail investors are buying more as it drops, but Wall Street is divided
After the market opened on Thursday, retail investors went against the trend and bought up Nvidia, with net purchases reaching $111 million in just half an hour, setting a record for the same period. Investors such as Tom Lee have publicly supported the company, with institutions optimistic about strong order backlogs extending to 2028, robust revenue growth, and opportunities created by declining valuations. Meanwhile, institutions like Bernstein and Goldman Sachs have become more cautious about Nvidia's outlook, with concerns focusing on management succession and technological leadership following Jensen Huang's departure.
Jane Street boosts Fidelity Bitcoin ETF stake 8x in Q3, trims BlackRock IBIT
From SpaceX to Anthropic, the market has new strategies for dealing with tech giants' IPOs
The market's response strategies to major listings are currently centered around "index inclusion expectations": the new regulations allow mega IPOs to be included in the six major indices within 15 days, triggering concentrated buying by passive funds. Investors are positioning themselves in advance and using options to hedge and amplify buying power. However, Anthropic has a free float of only about 6%; shares available for sale by employees on the first day and privately placed shares with no lock-up period may create supply pressure. On the other hand, index arbitrageurs are facing a rare opportunity.
Crypto prices
More
