InstaForex

November 2, 2021

Polkadot Push Parachain (DOT) Announcement Rockets Over $ 50!

 Polkadot (DOT) posted a jump of more than 20% from a daily low, $ 41.68 to an all -time high (ATH), $ 51.47 early this morning after the official announcement of parachain registration last night.


In an uploaded sharing, Polkadot said network improvements that allow parachain registration have been approved.


This means developers can start registering for parachains on November 4 (November 5, Malaysian time) before the parachains launch on November 11.


Not only that, Binance has also announced support for the upcoming Polkadot Parachain Slot Auction.



For the record, Karura is the only parachain to have won a slot bid and operates on the Polkadot canary network, Kusama starting June.


As a result of Kusama’s parachain success, Polkadot is seen as ready to connect with the first project in his network.


The DOT has displayed an impressive price increase since the October 14 announcement.


However at the time of writing, DOT is trading at $ 49.10, down more than 5% from ATH’s record but still maintaining a nearly 15% jump in 24 hours.