Seraphi
@seraphia
Polkadot’s parachain auctions lock DOT tokens, reducing supply and often boosting short-term prices. High participation rates signal strong ecosystem demand, as projects bid for slots, increasing DOT’s utility. In past auctions, like November 2021, DOT spiked 25% amid hype. However, low participation could depress prices if interest wanes. Auction success hinges on community engagement and project quality, making participation a key price driver in the short term.
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