Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Polkadot Forum => Topic started by: Malam90 on February 21, 2021, 03:18:23 AM
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Polkadot price pushes to new highs over growing excitement for the upcoming parachain auctions and increased interoperability they will support.
In the early hours of Feb. 20 Polkadot (DOT) trading volume began to see a significant increase which helped propel the multichain protocol to a new all-time high of $42.28.
Data from Cointelegraph Markets and TradingView shows that DOT hit a swing low at $29.36 on Feb.19 before experiencing a 44% breakout which took the price to a new 2021 high.
Excitement continues to build in the Polkadot ecosystem ahead of the upcoming parachain auctions which will allow the Polkadot network to connect with other established networks like Bitcoin and Ethereum.
The mechanism by which data is transferred between different blockchains is called “cross-chain message passing-lite,” and is currently being finalized during the Rococo phase of the project’s roadmap.
Once the code has been fully audited it will then be time for Polkadot governance to vote on enabling parachain functionality via a runtime upgrade, followed by a vote to begin slot auctions to add beneficial parachains. For more (https://cointelegraph.com/news/polkadot-dot-gains-42-ahead-of-its-long-awaited-parachain-auctions)
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Yesterday polkadot set a new ATH & i think its needed as a demand of this project. Polkadot slowly pumping with great support resistance. Recently i following LINK & DOT at the same time, LINK price was better than DOT but now polkadot price is 40$ and chainlink is 35$. So it is very good achievement to beat chainlink as a price because Chainlink also a good project.