3 reasons why Polkadot is en-route to a new ATH even after a 256% rally

3 reasons why Polkadot is en-route to a new ATH even after a 256% rally

Cryptocurrency51 minutes ago (Sep 14, 2021 07:40PM ET)

3 reasons why Polkadot is en-route to a new ATH even after a 256% rally

The recent 256% Polkadot (DOT) recovery over the past 56 days has been nothing short of spectacular. Although the price is 23% below its $49.80 all-time high from four months ago, the altcoin’s $39 billion market capitalization has outperformed the Ether (ETH) by 66% over the past thirty days.

Polkadot/USDT. Source: Bybt.com

Polkadot is a blockchain network designed to support various interconnected, application-specific parallel chains, known as parachains. This scalability-focused project breaks up transactions into many shards and processes them in parallel, similar to what ETH 2.0 aims to achieve.

Polkadot futures aggregate open interest. Source: Bybt.comPolkadot perpetual futures 8-hour funding rate. Source: Bybt.com

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3 reasons why Polkadot is en-route to a new ATH even after a 256% rally

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