The Web3 Foundation, which supports the Polkadot protocol, has gained some traction with its argument that its native DOT token is not a security. However, securities laws, as well as securities and exchange commission guidance on digital assets, stated that DOT had successfully “morphed” and is now software rather than a security.
On this ongoing topic, how it impacts the DOT price is something to be noted. Will there be an improvement?
According to Coinpedia’s dot price prediction, several post-launch upgrades to Polkadot have been in the works, including the release of XCM, Polkadot’s cross-consensus communication standard, upgrades to XCMP, and the launch of para threads. So DOT has successfully “morphed” and is now software rather than a security, which is something to keep in mind when looking for polkadot and its native token’s progress in the coming days.