Cardano and Solana are fighting to become “the” Ethereum killer, but it seems that Polkadot may actually steal both of their thunder.
DOT’s price increased by 25% over 24 hours (it is part of a gain of 36% over the previous week) and reached $42 today. This is the highest level the asset has reached since May when it topped the ATH of $49.35.
It isn’t exactly a coincidence that following five years of development with Parity Technologies, the project confirmed yesterday that it is getting ready to release its “parachains,” with the auctions for slots being scheduled for November 11th.
The head of public affair from Parity Technologies, Peter Mauric, declared:
“Today’s council motion to begin the rollout of parachains on Polkadot is a huge step forward for the industry. As the only layer-zero protocol in blockchain, Polkadot is designed to disrupt the entire layer-one landscape in the coming years by dramatically reducing the overhead required to secure and connect layer ones in the form of parachains.”