Polkadot (DOT) Price Reaches New All Time High

by in Cryptocurrency News

Polkadot ath

The price of the native token of the Polkadot blockchain protocol DOT has reached a new all time high of $46.85. The token ranks fifth in terms of market cap, which is above $41.3 B.

Generally, the majority of altcoins have increased lately. The price of Ether surpassed $2.150. Filecoin reached a new high of $237. On April 3, Polkadot and Chainlink informed the community about the integration of Chainlink's (LINK) price oracles data feed in the form of a simple module.

Price oracles are external services that provide data, like prices of different digital assets that run on other blockchain projects. This information can be useful for DeFi lending platforms and other aspects.

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The innovation that offers this partnership is the possibility for developers to employ data feed for every single parachain. This is different from the Ethereum environment, where Chainlink nodes regularly publish price data on each block. Then smart contracts can choose to reference or ignore.