Polkadot price moves higher as parachain auctions reduce DOT’s circulating supply -Breaking
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This week, many contenders will participate in the’s initial parachain auctions. While this puts buy pressure on the DOT, it also gives aspiring blockchain projects the chance to demonstrate why they can offer competitive solutions to various demands in the crypto industry.
After the success in similar bidding on Kusama’s sister network Kusama where Moonriver (MOVR), Karura and others have all secured parachain slots, Polkadot is now holding parachain auctions.
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