Polkadot (CRYPTO:DOT) tokens rose all the way to $38.51 on Tuesday morning, marking a 12.8% jump from the lowest prices of Monday afternoon. The blockchain protocol, designed to connect various blockchains and other asset types to form the basis of new applications and services, is gearing up for an important technical update at the end of 2021. Investors are getting excited about that event.
The Polkadot network you see today is actually not the final production-grade version but a so-called “canary” system that’s meant to suss out technical issues before the final product goes live. Well, that launch is scheduled to take place before the end of the year, when developers have approved the final technical design and completed auctions for the first handful of feature-complete Polkadot chains.