Parachain Auction Nearing brings Polkadot (DOT) to New ATH, CHR and THETA to follow

Parachain Auction Nearing brings Polkadot (DOT) to New ATH, CHR and THETA to follow. “Uptober” is over, but like Zhu Su did tweet Yesterday (November 1st) the rally of the crypto market could extend to “Upvember, Upcember” and beyond. October was great for Bitcoin and Ether mainly because they both hit new all-time highs (ATHs). And even if the price is consolidating at the moment, traders are still very optimistic.

The advent of Metaverse is also fueling excitement in the crypto sector as it promises to be one of the driving forces behind growth in the space. The concept of the Metaverse also influences the “real world”, a good example of which is Facebook’s announcement that it is rebranding to “Meta”.

As the market enters November and bullish expectations rise, let’s take a look at some project data that suggests possible bullish breakouts.

Polkadot .’s Parachain auction

The Polkadot Network is a multi-chain sharding protocol designed to facilitate the cross-chain transfer of data or assets, and the project focuses on improving interoperability, collaboration between separate networks in the blockchain ecosystem.

Data from TradingView shows that momentum for Polkadot’s native DOT has increased in recent months, moving from a low of $ 26.05 on September 29 to a new all-time high of $ 51.57 last night. Trading volume increased 135% to $ 2.93 billion.

DOT / USDT 1-day chart | Source: TradingView

DOT’s growing strength is mainly due to the upcoming launch of Parachain auctions on the Polkadot Protocol. It is likely that traders are looking at the success of the Parachain auctions in Kusama, Polkadot’s sister network, and expecting the same to happen.

Polkadot’s parachain auctions have grown over the course of 2021 and so has the excitement surrounding the notification The opening of the Crowloand on November 5th appears to be the main driver of the bullish DOT.

“The petition to allow parachain and crowdfunding was approved by the Polkadot Council and went to a public referendum. If this is also approved, parachain teams can register for parachain and open their crowdloan on November 5, 2021 (UTC) around 1:15 a.m.

Revolve Games chooses Chromia

Chromia (CHR) is a Layer 1 blockchain network compatible with the Ethereum Virtual Machine (EVM) that can improve Layer 2 performance on Ethereum and Binance Smart Chain (BSC).

Data from TradingView shows that CHR’s price has risen 101% from its low of $ 0.296 on October 27 to a daily high of $ 0.595 on October 31, when trading volume rose to $ 371 million in 24 hours. Dollars soared.

CHR / USDT. 1 day chart | Source: TradingView

The inflated CHR award is due to the fact that the project’s gaming ecosystem has seen some positive developments, including the announcement that blockchain gaming company Revolve Games has selected Chromia to build and host the play-to-system ecosystem from DAR, the token of the Chromia-based mines of Dalarnia, to Binance.

Theta expands the NFT ecosystem

Theta (THETA) is a blockchain-based video streaming protocol designed as a decentralized network where users are rewarded for sharing bandwidth and computing resources with others.

The momentum for THETA has increased in recent months as Theta’s NFT ecosystem has expanded and is now preparing to host singer Katy Perry’s launch event in December of NFT project.

THETA has also grown after it was announced that THETA stakers will toss their TDROP governance tokens in February 2022, the allocation being determined by the average number of THETA holders deployed during the evaluation period.

The total crypto market cap is currently $ 2.649 billion and the dominance of bitcoin is 43.7%.

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