Polkadot has established a clear channel and is currently testing support.
Expect reversal with DOT to begin bullish action and enter price discovery as the auctions gain momentum and the Polkadot ecosystem begins to expand.
Reference is the Polkadot test network, Kusama ($KSM) to see impact of auctions on price and mCap.
Fundamental: Parachain Auction Underway
- Phase 1: Auctions #1 thru #5
** Begin: November 11, 2020
** End: December 16, 2021
- Phase 2:
**Begin: December 23, 2021
**End: March 10, 2022
Expect reversal with DOT to begin bullish action and enter price discovery as the auctions gain momentum and the Polkadot ecosystem begins to expand.
Reference is the Polkadot test network, Kusama ($KSM) to see impact of auctions on price and mCap.
Fundamental: Parachain Auction Underway
- Phase 1: Auctions #1 thru #5
** Begin: November 11, 2020
** End: December 16, 2021
- Phase 2:
**Begin: December 23, 2021
**End: March 10, 2022