Well-known analyst Elliot Wainman a short while ago Polkadot (DOT) he shared an analysis about it. According to what he announced to his followers, Elliot still thinks the price is too cheap. Of course, he has his own justifications, but we must not forget that the information shared on our website does not contain investment advice in any way. Elliot Wainman is easily mistaken in risky crypto currency markets.
Cryptocurrency markets are returning extremely strongly. But there is one remaining altcoin, at least Elliot Wainman thinks like that. This is the rest of the altcoin, of course, Polkadot (DOT), so on what grounds does the famous analyst argue this?
According to Elliot Kusama his network is preparing to launch the next 5 parachain auctions. If you are asking what is Polkadot and what does it mean to vomit, you should definitely start researching on our website. These details will be discussed a lot in the continuation of the article.
Kusama, the developers of Polkadot before it was officially released on the network blockchain it is a testing environment or a so-called “canary network” platform for them to experiment and determine the efficiency of their code and applications. In summary, we can say this for those who do not know.
“In the month of June parachain we have seen the success of (parallel network auctions) auctions. Kusama in the coming weeks for 5 more new auctions will begin”.
The new round of auctions is expected to start on September 1. The initial bidding period will last two days, followed by a five-day end period. Five auctions will be held over the course of more than a month.
Acala and Polkadot (DOT) Will Fire the Rocket
Polkadot (DOT) Acala, which will work on its network, plans to do very big things in decentralized finance. Of course, his success Polkadot (DOT)’will be a benefit. Acala, which will be a wide-ranging fashion show center, is taking on an important task.
Decala, which is trying to establish an open finance structure between chains in the Polkadot (DOT) ecosystem, Ethereum an Ethereum Virtual Machine that facilitates interoperability with assets based on (EVM) he started it. Acala EVM+ thanks to it, crypto currency investors will be able to reach billions of dollars of TLV on the network using the same tools as Truffle and MetaMask.
The famous analyst Solana (LEFT) and Cardano (ISLAND) in his comparison with Polkadot (DOT), he thinks that it remains weak. Believing that the price should rise more, Elliot says:
“Compared to Solana and Cardano, we haven’t seen any serious comeback moves from Polkadot. Cardano has already passed ATH point. Solana, on the other hand, has risen irretrievably and reached record levels. Polkadot (DOT), on the other hand, continues to be priced well below the value it deserves”.
The information shared here does not contain investment advice.