{"id":39,"date":"2021-11-02T07:27:46","date_gmt":"2021-11-02T07:27:46","guid":{"rendered":"https:\/\/wpfrank.com\/demo\/crypto-airdrop-premium\/?p=39"},"modified":"2021-11-02T07:27:46","modified_gmt":"2021-11-02T07:27:46","slug":"polkadot-dot-soars-15-to-new-all-time-high","status":"publish","type":"post","link":"https:\/\/wpfrank.com\/demo\/crypto-compare\/2021\/11\/02\/polkadot-dot-soars-15-to-new-all-time-high\/","title":{"rendered":"Polkadot (DOT) Soars 15% to New All-time High"},"content":{"rendered":"\n<p>Heterogeneous multichain blockchain network Polkadot revealed the successful passage of a proposal to enable registration and crowd loans for developers. The network\u2019s native token \u2013 DOT \u2013 is recording a new all-time high surpassing the $50 mark in response to the news.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Polkadot Council Approves Proposal<\/h2>\n\n\n\n<p>The Polkadot team\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/twitter.com\/Polkadot\/status\/1455161952783814656?t=anyrhL6K-Oz_Lse-EcDTbg&amp;s=19\" target=\"_blank\">announced the news<\/a>\u00a0via the official Twitter handle on Monday (November 1, 2021). According to\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/polkadot.polkassembly.io\/referendum\/42\" target=\"_blank\">details<\/a>\u00a0shared on the Polkassembly platform, a network upgrades proposal that would allow developers to register parachains and seek crowdloan funding for projects successfully passed the Polkadot Council.<\/p>\n\n\n\n<p>The latest development comes less than a month after Polkadot announced that its parachains are&nbsp;<a href=\"https:\/\/cryptopotato.com\/polkadot-parachains-ready-to-launch-auction-dates-proposed\/\">ready to launch<\/a>, with November 11, 2021, set as the date for the take-off. Additionally, the first batch of the parachain auctions will last for five weeks, with one auction per week. There would be a total of 11 auctions released in two batches.<\/p>\n\n\n\n<p>Meanwhile, parachains were already being deployed on Polkadot\u2019s canary network, Kusama, beginning in June, with Karura&nbsp;<a href=\"https:\/\/twitter.com\/kusamanetwork\/status\/1407272549311041537\" target=\"_blank\" rel=\"noreferrer noopener\">winning the first-ever<\/a>&nbsp;parachain auction on the network. Since then, ten other parachains have been auctioned on Kusama.<\/p>\n\n\n\n<p>Cryptocurrency exchange giant Binance also announced that the platform would support the Polkadot Parachain Slot Auction scheduled for November. With the Kusama parachain deployments already successful, the Polkadot blockchain network is looking to connect to the first-ever project.ADVERTISEMENT<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">DOT Records New ATH<\/h2>\n\n\n\n<p>While developers initially used KSM to secure slots for their projects&nbsp;<a href=\"https:\/\/cryptopotato.com\/what-is-kusama\/\">on the Kusama network<\/a>, the favorable vote from the Polkadot council will soon see developers use DOT.<\/p>\n\n\n\n<p>The price of the DOT token reacted positively to the announcement, rising 15% and printing a new ATH at $50.87, surpassing May\u2019s previous ATH at $49.35. At the time of writing DOT is trading at $50.15, according to&nbsp;<a href=\"https:\/\/www.coingecko.com\/en\/coins\/polkadot\" target=\"_blank\" rel=\"noreferrer noopener\">CoinGecko<\/a>.<\/p>\n\n\n\n<p>Meanwhile, the proposal needs to pass through a final stage, which is approval from a public referendum. If the motion passes, \u201cparachain teams will be able to register their parachain and open their crowd loan on Nov. 4, 2021.<\/p>\n\n\n\n<figure class=\"wp-block-image\" id=\"attachment_148827\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2021\/11\/dot-usd-nov1.jpg\"><img decoding=\"async\" src=\"https:\/\/cdn.shortpixel.ai\/spai\/w_763+q_lossless+ret_img+to_webp\/https:\/\/cryptopotato.com\/wp-content\/uploads\/2021\/11\/dot-usd-nov1.jpg\" alt=\"dot-usd-nov1\" class=\"wp-image-148827\" \/><\/a><figcaption>DOT\/USD, 1-year chart by CoinGecko<\/figcaption><\/figure>\n\n\n\n<p>The news marks another milestone in the DotSama ecosystem development. Dotsama, which is a combination of the Polkadot (DOT) and Kusama (KSM), enables cross-compatibility between both networks.<br>Back in September, Polkadot website wallet Talisman raised $2.3 million from investors such as Advanced Blockchain AG, Hypersphere Ventures, Koji Capital, along with several anonymous Flex Dapps investors. Talisman will use the funds to release an early version of the DotSama wallet by November 22.<\/p>\n\n\n\n<p><strong>Reference<\/strong>: https:\/\/cryptopotato.com\/polkadot-dot-soars-15-to-new-all-time-high-in-anticipation-for-parachain-auctions\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Heterogeneous multichain blockchain network Polkadot revealed the successful passage of a proposal to enable registration and crowd loans for developers. &hellip; <\/p>\n<p><a href=\"https:\/\/wpfrank.com\/demo\/crypto-compare\/2021\/11\/02\/polkadot-dot-soars-15-to-new-all-time-high\/\" class=\"btn btn-skin btn-radius\">Continue Reading<span class=\"screen-reader-text\">Polkadot (DOT) Soars 15% to New All-time High<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":40,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8],"tags":[27,28,37],"class_list":["post-39","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","category-polkadot","tag-dot-preice-today","tag-dotusdt","tag-polkadot"],"_links":{"self":[{"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/posts\/39","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/comments?post=39"}],"version-history":[{"count":0,"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/posts\/39\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/media\/40"}],"wp:attachment":[{"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/media?parent=39"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/categories?post=39"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wpfrank.com\/demo\/crypto-compare\/wp-json\/wp\/v2\/tags?post=39"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}