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- Polkadot blockchain has developed parachains on its ecosystem.
- Polkadot shared a blog in which it stated about its multiple parachains that included 21 parachains.
Polkadot blockchain regularly shares its developments inside its ecosystem. As a part of which it has shared the “2nd edition of the Parachain Dispatch.” This includes the latest developments on the Polkadot blockchain.
Top 5 Parachains on Polkadot Network
According to a March 24 blog post by Polkadot, the ecosystem has developed multiple parachains. The top-5 parachains are as follows:
- Ajuna Network, a decentralized gaming platform, is known to deliver real values to gamers without compromising on gameplay.
- Astar Network, a blockchain, that aims to become Polkadot’s “smart contract hub.” It also has its native token “ASTAR.” Recently, it announced its partnership with Sony Network Communications to initiate the web3 Incubation Program.
- Bitfrost Finance, a web3 derivatives protocol, allows decentralized cross-chain liquidity for staked assets.
- Bitgreen, an open and permissionless blockchain, is built to fulfill the requirements of different groups and purpose-driven innovation in the web3 industry.
- Crust Network, a decentralized storage protocol based on IPFS, that supports multiple storage layer protocols. It also has its native token, CRU.
Polkadot (DOT) Price Analysis
Polkadot (DOT) price is currently trading at a price of $6.19 with a 24-hour trading volume of $140.98 million. DOT is up 2.15% in the last 24 hours.according to market capitalization, the coin is ranked 12th with a current market cap of $6.932 billion, according to the data sourced from Tradingview. The current performance of DOT is showing a bullish outlook, while the weekly and monthly price analysis is showing a bearish trend. DOT noted a 3% decline in the last 7 days, and a monthly decline of nearly 7%.
Moreover, the RSI is at 50 amid an almost equal buyer and seller pressure. Currently, the market volume of DOT coins is showing little decline. In the last 24-hours, the trading volume of DOT declined by nearly 5%, while has a market dominance of 0.62%.
In the last 7-days, DOT gave a low of $5.7720 and high at $6.4169. Notably, it’s All-Time High (ATH) was at $55.00, which shows its current trading price is down almost 88% from its ATH.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
