Polkadot: Why you need to watch out for DOT's move to $4.6

2023-9-4 21:30

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Polkadot has a bearish structure across hiThe post Polkadot: Why you need to watch out for DOT's move to $4.6 appeared first on AMBCrypto.

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Polkadot [IOU] (DOT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.28 %, 7d: -19.29 %
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Капитализация $0 Rank 99999
Цена в час новости $ 296.73 (-100%)

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Polkadot Makes Strides as New Parachains Join the Party

Polkadot, the sleeping giant of the cryptosphere, has just completed its most productive quarter to date. While industry eyes were focused on the carnage dominating its lending and venture capital sector, Polkadot developers quietly shipped hundreds of forkless upgrades across its Substrate-based chains, while the Web3 Foundation doled out dozens of grants.

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Big names such as Bitcoin, Ethereum, Polygon, Polkadot, Avalanche, Algorand and Solana tend to crop up in any discussion about blockchain, but amid the technology’s rapid growth and the ever more competitive nature of the market, developers are increasingly locked in a race to make sure their blockchains come out on top.

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If you’ve been following the crypto markets for a hot minute, you’d notice two trends that immediately stand out from the thousands of niches within the already obscure space—one, of memecoins like Shiba Inu and their unexplained rise, and two, the technically astound advances (read: parachains) made on blockchain networks like Polkadot and Kusama.

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Polkadot Sets Launch Date for Initial Parachain Auctions, DOT Soars 17% Ahead of Crypto Market

Polkadot is set to bring its full suite of solutions to its users. This week, the blockchain’s developers announced that they would be rolling out auctions for parachain slots from next month. T-Minus 4 Weeks In a tweet, Polakdot’s developers explained that the development came after the blockchain’s governance council members ratified.

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