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
UBS Trading Desk: Last Week’s US Stock Market Performance Resembled the Time of the ‘AI Stock Guru Liquidation’
UBS Trading Desk believes that US equities last week experienced "deleveraging rather than derisking"—AI and momentum sectors faced targeted sell-offs, with storage dropping 16% in a single week. Funds shifted to defensive and value sectors, but overall risk exposure was not systematically abandoned. Hedge funds' total exposure remains at the high 90th percentile, and risks of further deleveraging persist. The so-called "AI stock guru liquidation" at the time was also a result of crowded positions being forced to close, rather than a fundamental-driven systemic sell-off.
Euro attracts some sellers to near 1.1200 on French political turmoil, fiscal risks
USDC faces bank-rate pressure – Can Visa’s payments push offset it?
U.S. copper tariffs remain pending, traders grow increasingly cautious of copper bull market
Due to unclear signs regarding tariffs, traders remain cautious about the copper bull market.
Crypto prices
More
