As we have entered November the market had a nice little break over the weekend to close out October. Now the real action is about to begin and it all will be led by DOT.
The parachain auctions are coming and many are buying a minimum of 5 DOT to participate or adding to their bags. This interoperability project led by Gavin Wood and also known as web 3.0 will be melting faces this first half of the month. $100 before the end of the cycle is inevitable. That is a minimum of 2x gains I expect for anyone wanting to look into this project now.
I fully expect the price action of DOT to continue in price discovery mode until the first parachain auctions occur on November the 11th. Even if you don't participate you can stake for 12% or more in many places such as Kraken and KuCoin.
I have been bullish on DOT for the past few months skipping my buys on LINK and ETH to buy DOT and many DOT holders are going to be VERY pleased by its price action as we get closer to the auctions in 10 days.
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