Polkadot Overtakes Litecoin as No. 5 Crypto After ATH

In a massive rally, Polkadot (DOT) has entered the ranks of top-ten cryptocurrencies by market cap leaving behind long-time giants like Litecoin (LTC) and Bitcoin Cash (BCH). At press time, the DOT price is up 40% above $11.50 with its market cap surging past $10.2 billion.
The new all-time high for DOT on Binance is $12.88 as of press time.
Over the last month, the Polkadot bulls have really taken up the rally on a charge with the DOT price doubling in just 30 days. The major part of the Polkadot price rally comes just during the Christmas season of December 2020. DOT's price has been closely following the BTC rally over the last two weeks since December 28.
While the DOT price corrected earlier this week during Monday’s market crash, it formed support above $7 and has quickly rallied post that. Interestingly, the Polkadot rally comes just at a time when Bitcoin (BTC) has surged another 12% today moving closer to $37,000. On-chain data provider Santiment shows that the Github development activity is again showing a surge.