Polkadot Soars Amid Altcoin Rotation and Upcoming Governance Shift

Polkadot's rapid price increase has put the cryptocurrency at the forefront of the top 100 market capitalization rankings. In just 24 hours, DOT rose by nearly 24%, with trading volume spiking to $855 million, a 530% increase from the previous day.

The surge is not isolated, as altcoin rotation and renewed sector momentum are driving the price up. Polkadot's breakout from a triangle pattern has been confirmed, with the cryptocurrency surging by over 41% from its lower support level to $1.75.

However, this spike was short-lived, and the price peaked at $1.75 before cooling off. Despite the pullback, Polkadot's fundamentals remain positive, particularly with the upcoming governance shift in March 2026, which could accelerate the price surge.

The reduction in annual issued supply by 50% is expected to tighten the circulating supply and steer the altcoin higher. Additionally, the network activity indicates growing confidence in Polkadot's long-term potential, with the number of Total Accounts and Holders hitting a new peak of 50 million at press time.