- Polkadot price has reached its all-time high at $53.25.
- DOT price has entered price discovery.
- Polkadot council has approved the parachain registration crowdload motion.
Polkadot (DOT) recently hit its all-time high (ATH) price. At the time of writing, DOT price ATH is $53.25, according to CoinGecko.
As seen on the chart above, Polkadot’s uptrend is convincingly above the 50-day Simple Moving Average (SMA) and 200-day SMA.
On the other hand, trading volume has yet to reach record-highs.
In terms of fundamentals, one reason that may have caused the DOT price uptrend is the recent update on the parachain registration and crowdloan proposal.
Once the motion has passed the public referendum, teams who built their parachains on the Polkadot blockchain will be able to start their crowdloan on November 4.
Meanwhile, parachains are specialized blockchains built for a specific project and purpose by independent developers. Also, these chains integrate on the Polkadot and Kusama blockchains (two separate blockchains that have identical codes).
Related News
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
