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Investors Not Impressed by Polkadot's Parachains Launch
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Blockchain protocol Polkadot (DOT) failed to impress investors over the weekend as it launched its first set of parachains, or individual blockchains running in parallel within the Polkadot ecosystem.
While Polkadot's utility token DOT was relatively flat on December 18, the day of the launch, it is in the red on Monday, December 20.
At 8:22 UTC, the 10th coin by market capitalization is down by 3.8% over the past 24 hours and 17.1% over the week, trading at around USD 24.51. The coin is down by 41% over the month, and up by 359% over the year.
According to an announcement shared with CryptoNews.com, the parachains have been in development for some five years, and their launch "marks a major breakthrough for interconnected blockchain
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