DOT Price Rallies 31% After The Launch Of Polkadot Parachain Auctions

  • Yesterday’s DOT price run saw the crypto rise approximately 31% to a high of around $43.10.
  • The rally followed Polkadot’s landmark milestone as it prepares to launch parachain auctions.
  • The $40 support wall is crucial to DOT sustaining the bullish momentum.

DOT price is hovering around $40.60 on most crypto trading platforms. The Polkadot Price is up approximately 17.28% over the last 24 hours with a daily trading volume of $5,769,941,983 which has itself increased by 206% over the same period.

The ‘Ethereum-Killer’s’ market capitalization as crossed the $40 billion mark to $40,062,412,907 in a rally that saw DOT rise approximately 31% from a low of $33.80 to a high of $43.10 on Wednesday. This was only $7.75 short of the May 15 All-Time High (ATH) above $50.85.

So, what is the hind wind behind Polkadot’s latest  rally?

Polkadot Debuts Parachain Auctions

The Polkadot (DOT) blockchain has announced that it is anticipating the launch of parachain auctions following a unanimous vote of the network’s on-chain governance council members. The launch is a significant milestone in the achievement of the final core technical element of Polkadot’s Whitepaper published

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