Polkadot hired renowned design agency Koto to get a major on-chain rebrand The rebranding process will be governed by four curators DOT price exploded higher last week, when it managed to gain nearly 100% Polkadot (DOT) price is currently engaged in the correction phase after gaining nearly 100% last week to trade at 5-month highs. Fundamental analysis: Major design exercise announced Polkadot announced a major design shake-up on Wednesday, with key decisions being made and approved by its community and representatives. It hired renowned design agency Koto to get a major on-chain rebrand. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. The fact that decisions will be made on-chain is revolutionary when it comes to the design industry. “All network participants can weigh in on the brand’s direction and evolution, as well as the experts who craft it. It’s quite unprecedented,” Katie Butler, chief of marketing at Polkadot-based project Moonbeam, said. Peter Mauric, head of public affairs at Parity Technologies said the reasons behind making the redesign process on-chain were clear. “Polkadot’s social contract is clear: changes to the network must be approved through its governance system, and
Sysco Corporation (NYSE: SYY) shares have advanced from $50 to $79.9 in less than several months, and the current price stands around $76. Sysco Corporation is one of the largest foodservice businesses globally, but with the expected continued headwinds, this is a risky investment at the current share price. Fundamental analysis: The current price does not provide an attractive entry point for long-term investors Sysco Corporation is an American multinational corporation that distributes food products and kitchen equipment. The company operates approximately 330 distribution facilities and supports customers in 90 different countries around the world. The covid pandemic also impacts the company’s business, and Sysco reported that total revenue decreased by 23.0% Y/Y to $11.78B in FQ1. Total revenue has fallen above the expectations (misses by $280M), while Q1 GAAP EPS was $0.42 (beats by $0.19). Despite this, Barclays remains bullish on this company and expects that Sysco will outperform in an economic recovery as things normalize. Argus assigned a buy rating on Sysco as the company’s long-term fundamentals remain strong. “Although restaurant closings have led investors to focus on the liquidity of foodservice distributors, we believe that Sysco has sufficient liquidity and access to credit to survive the
Polkadot (DOT) continues to outperform the crypto sector despite its overall downtrend. DOT is currently the only cryptocurrency in the market cap top20 with a green 24-hour period. However, is Polkadot a good buy at the moment? Fundamental analysis: Polkadot is crushing the market Polkadot has entered a slow and steady retracement period after a major price surge that brought its price close to $20. On the other hand, the recent price descent has been (for a moment) interrupted by yet another surge in volume and price as DOT tried to retake its recent highs. Polkadot has dropped below the 23.6% Fib retracement since, and is trading around $16.5. DOT’s overall outlook is quite bullish, mostly due to its fundamental outlook. Its fundamentals are greatly enhanced by Binance’s involvement in the project, both by marketing the platform to its users and by supporting the project directly by injecting $10 million into it. If we add the emerging altcoin season to the equation, we can see why Polkadot has been making such strong moves to the upside. DOT managed to score gains week-over-week of 31.83%. When compared to other top cryptos, it outperformed both BTC and ETH over the same period, as they
