Category Archive : Polkadot

Can You Navigate the Altcoin Universe of “Cons and fraudsters and scams”? Yes! :: Elliott Wave International

Cryptos DO Move in Elliott Wave Patterns: Be Ready for What’s Next

Crypto Pro Service subscribers were ready for Polkadot crypto’s May decline. Not all forecasts work out the way this one did … yet, price moves in cryptos really do trace out recognizable Elliott Waves.

See the opportunities in the charts and analysis we deliver to Crypto Pro Service subscribers. Follow the fast steps below.

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DOT Crypto Could Make a Comeback as Its Parachains Build on Polkadot

  • Polkadot (DOT-USD) is a $17.4 billion market cap cryptocurrency that is ranked as the 13th-largest.
  • DOT crypto is on the move up again after hitting a trough on Feb. 22 at $16.01.
  • New parachains based on Polkadot are making waves, including Acala (ACA-USD), Moonbeam (GLMR-USD) and Astar (ASTR-USD).

Source: shutterstock.com/nurionstd

A number of new Ethereum (ETH-USD)-compatible altcoins on the Polkadot (DOT-USD) blockchain platform are slowly gaining attention and popularity. This could end up pushing the value of DOT crypto higher as well.

The Polkadot ecosystem underperformed other layer-1 networks in 2021, according to Cointelegraph magazine. It started out at $8.30 at the end of 2020 and ended at $28.58 on December 31, 2021. That is a gain of 244%, which, actually, was much lower than the 416% gain in Ethereum.

The reason is that its parachain auctions and mainnet launches took a good deal of time to roll out. Polkadot is known as a “Layer Zero” protocol and parachains are the actual layer 1 blockchains. These parachains are now launching their apps and use cases on the Polkadot blockchain platform.

So far this year, DOT crypto is down to $17.31 from…

Read more at investorplace.com

Polkadot Crypto Is Growing In Popularity As Its Parachains Grow – Barchart

  1. Polkadot Crypto Is Growing In Popularity As Its Parachains Grow  Barchart
  2. Polkadot Ecosystem Overview  Messari
  3. Polkadot Crypto Is Moving Higher As Its Parachains Gain Popularity  Nasdaq
  4. Polkadot Parachain Auctions Can’t be Better Than Bitgert’s Subchain SaaS  Analytics Insight
  5. Talisman launches wallet extension to bring more users to Polkadot & Kusama  PR Newswire
  6. View Full Coverage on Google News

Read more at www.barchart.com

Parallel Finance Launches DeFi ‘Super App’ for Polkadot Crypto Ecosystem – CoinDesk

Parallel Finance Launches DeFi ‘Super App’ for Polkadot Crypto Ecosystem  CoinDesk
Read more at www.coindesk.com

Polkadot Price Predictions: Where Will New Parachain Launches Take the DOT Crypto?

All eyes today are on the Polkadot (CCC:DOT-USD) network. After becoming a highly sought after play on the ongoing Web 3.0 explosion, DOT is now reaching a massive new milestone getting into the swing of the week. The DOT crypto could be one of the biggest winners going into the new year, and an upswing in trading volume suggests investors are catching onto this. Now, Polkadot price predictions are becoming a hot topic.

Polkadot altcoin logo on pink background

Source: shutterstock.com/nurionstd

The Polkadot network is getting a fair bit of chatter as a Web 3.0 play. Backed by the Web3 Foundation, Polkadot is pulling a lot of interest as it promotes itself as the next step in the future of the internet. Its web of parachains is a unique model for a network, and it is proving itself to be worthy of the hype. Indeed, investors are talking a lot about Polkadot as it continues to check boxes off of its road map, while simultaneously gathering an impressive bit of capital.

A large part of both this capital raising and the road map execution is the network’s parachain auctions. Beginning in November, the network launched the first of its auctions, where blockchain projects aggressively fundraised in order to…

Read more at investorplace.com

Polkadot Crypto Holders, Get Ready for a Catalyst on Dec. 17

Polkadot (CCC:DOT-USD) is a name floating around with a lot of interest nowadays among crypto investors. The parachain network is seen as a key player in the future of Web 3.0, making the Polkadot crypto, DOT, a popular investment of the current moment. Tomorrow is an important day for Polkadot as well, with the first batch of major launches coming. In anticipation of this event, DOT is on the rise.

Source: Zeedign.com / Shutterstock.com

The Polkadot network is lauded by Web 3.0 advocates and scalability-focused blockchain fans alike. This fandom is attributed largely to its parachain network. Unlike other blockchain networks, which use a single chain, Polkadot is a web of 100 “parachains.” These parachains each house a different project; they can seamlessly interact with one another at little cost to the user. Furthermore, the Polkadot network oversees these chains, supports them and allots them to different projects.

With its nearly $30 billion market capitalization, the DOT coin is the ninth-largest cryptocurrency in the world. Combine that massive capitalization with the network’s very kind development fund and dedicated chains, and you’ve got a network…

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Polkadot Stands to Gain Now That the First Parachain Auction Closed

Polkadot (CCC:DOT-USD) is a $38 billion market cap cryptocurrency that is ranked as the eight largest, according to CoinMarketCap.

Source: shutterstock.com/nurionstd

DOT recently completed its first parachain crowd loan auction. As a result, DOT crypto is likely to move higher over the next year as this parachain app launches its business.

I previously wrote about the parachain auctions on the Polkadot network as well as their deflationary effect on the supply of DOT crypto. Now, a large auction is now complete and the mainnet on Polkadot will be leased out to the winning parachain.

As a result, DOT crypto has a chance of moving higher over the next year. It peaked earlier this month on Nov. 4 at $55. But now it’s just over $35. While DOT crypto is well off of its highs this month, it’s possible that as the parachain begins operating on the Polkadot mainnet, the value of the crypto could begin to rise again.

Where Things Stand With Polkadot

Acala (CCC:ACA-USD) network, a decentralized finance (DeFi) protocol, announced it won the first auction on the Polkadot platform. It raised 32.5 million DOT, worth roughly $1.28 billion, from 24,934 contributors via an…

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Polkadot Will Rise as Parachain Auctions Have a Deflationary Effect

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Polkadot (CCC:DOT-USD) is now the eighth-largest cryptocurrency according to CoinMarketCap. Its market capitalization was $45 billion at $45.88 on Nov. 10. DOT is likely to keep rising as it has in the past several months based on its recent parachain crowd loan auctions.

Polkadot altcoin logo on pink background

Source: shutterstock.com/nurionstd

I described what these auctions were all about last week in my previous article. The key takeaway you should have about these auctions and the associated crowdfunded loans with Polkadot parachains is very simple.

The net effect will be to reduce the supply of DOT crypto tokens in the trading supply for the next two years. Here is how this will work.

Crowdfunded Polkadot Loans

The various parachains are required to post a lot number of Polkadot tokens in order to lease space on its blockchain platform. They have to do this in order to build out their parachain apps. But Polkadot wants them to post these DOT tokens in order to ensure that, based on an auction of the space, the best and most well-funded parachains get the…

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How High Can Parachain Auctions Take the DOT Crypto?

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This story originally appeared on InvestorPlace

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Among the cryptocurrencies in focus for investors today is Polkadot (CCC:DOT-USD). There are certainly a number of catalysts investors are watching with this cryptocurrency network. The upcoming parachain auction process has many intrigued with respect to how high the DOT crypto could go from here. Accordingly, a range of updated Polkadot price predictions are making the rounds.

Polkadot altcoin logo on pink background

Source: shutterstock.com/nurionstd

Polkadot announced earlier last month it had set Nov. 11 as the date for the upcoming parachain auction process. This auction process is a key milestone for the blockchain network to gain true interconnected status in the crypto world. Essentially, these auctions help give developers slots to build their projects on the Polkadot network. Up until now, this process has been running on Kusama (CCC:KSM-USD). This evolution will see developers use the DOT crypto to…

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Polkadot Price Predictions: How High Can Parachain Auctions Take the DOT Crypto?

Polkadot (CCC:DOT-USD) and its canary chain Kusama (CCC:KSM-USD) have been building a steady stream of hype for a while now through Kusama’s parachain auctions. Now, the Polkadot network is building even more hype as it prepares through parachain auctions of its own. Seen as one of the most premier opportunities for a burgeoning blockchain project, the auctions have been long-awaited and will surely fetch the network plenty of capital. With the news, investors are seeking out Polkadot price predictions.

Source: shutterstock.com/nurionstd

Polkadot offers a unique prospect to developers: put your project on the network, and receive your own dedicated chain to run on. This is a best-case scenario for developers; having a dedicated chain allows one to run wild, with vastly increased scalability, dedicated validators to keep things running smoothly, interoperability with other chains, and governance of a project’s own choosing. They are essentially independent conglomerates who work under a united umbrella.

Until now, the only way a developer could get its own parachain is through Polkadot’s canary network, Kusama. Kusama’s parachains are a sort of test net,…

Read more at www.investorplace.com