Polkadot Leads Altcoin Losses After Bitcoin ( $76,365.00 ) Is Rejected at $52K

A catalyst for DOT’s upward price movement last week was the start of the second batch of parachain auctions on the Polkadot ( $1.01 ) network. Parachains are distinct blockchains that run atop the main Polkadot ( $1.01 ) network. Polkadot ( $1.01 ) , however, has a limited number of openings available. To gain access, a parachain has to win a community-run auction that uses DOT to vote for slots, leading to increased demand for the cryptocurrency.