Altcoins
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Among the cryptocurrencies that are part of the Polkadot (DOT) ecosystem, there have been several projects that have gained in value over the past month. These included SORA (XOR) and Saito (SAITO), as well as Xaya (CHI) and Phala Network (PHA).
The cost of the first of them soared as much as 125.7% over the past 30 days. SORA was available for purchase on exchanges at an average cost of $5.55, and its capitalization reached $9.9 million. This project was still little known. Traders have traded as little as $2.88 million in the last 7 days.
As for Saito, the quotes of this asset soared by 88.67%. The cryptocurrency was trading at $0.0198, and its total market supply was $21.38 million. However, weekly trading volumes were also modest and amounted to only $3.46 million.
Xaya has become more expensive by 87.99%. The CHI token was available on the market for $0.1142, and the capitalization was $5.53 million.
Phala Network became the most famous crypto project of the Polka ecosystem with the highest monthly profitability. The PHA token jumped in value by 75.95% ($0.1547) despite the fact that in the last week alone it has lost about 17.88%. The total coin supply was $63.54 million.
Many experts have stated that the Polkadot ecosystem is growing every day. Developer activity was quite high during the reporting period. They continued to release products for the parachain network space. According to analysts, the value of the DOT coin can grow several dozen times in the future if a bullish rally begins.
Earlier, the editors of Crypto.ru reported: cryptoresearch specialists told about the Relay Chain in Polkadot. They explained the terminology of the relay chain, as well as what parachains and parathreads are. The experts tried to demonstrate to readers the principles of the network.
#Polkadot #Ecosystem #Cryptocurrencies #October
