Polkadot (DOT) gains 42% ahead of its long-awaited parachain auctions

Cointelegraph

Published Feb 20, 2021 06:05PM ET

Updated Feb 21, 2021 08:00PM ET

In the early hours of Feb. 20 Polkadot (DOT) trading volume began to see a significant increase which helped propel the multichain protocol to a new all-time high of $42.28.

Data from Cointelegraph Markets and TradingView shows that DOT hit a swing low at $29.36 on Feb.19 before experiencing a 44% breakout which took the price to a new 2021 high.

DOT/USDT 4-hour chart. Source: TradingView
Cointelegraph Markets Pro - VORTECS™ Score (green) vs. DOT price

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