Polkadot Leads Altcoin Losses After Bitcoin Is Rejected at $52K

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A catalyst for DOT’s upward worth motion final week was the beginning of the second batch of parachain auctions on the Polkadot community. Parachains are distinct blockchains that run atop the principle Polkadot community. Polkadot, nonetheless, has a restricted variety of openings accessible. To achieve entry, a parachain has to win a community-run public sale that makes use of DOT to vote for slots, resulting in elevated demand for the cryptocurrency.