Altcoin Rotation Intensifies on Polkadot Stablecoin Vote as Market Value Tops $4 Trillion
Pending ETF decisions plus on‑chain upgrades are steering traders toward both established platforms and new presales.
Overview
- Polkadot’s pUSD proposal, a DOT‑backed stablecoin with savings features and Treasury integration, has over $5.6 million in DOT committed, building on a new 2.1 billion DOT supply cap and Polkadot 2.0 rollout.
- Cardano’s shift to full on‑chain governance under CIP‑1694 after the Plomin hard fork is underpinning its DeFi push, with coverage also noting ETF inclusion via a regulated multi‑asset fund and accumulation by large wallets.
- TRON’s network strength is highlighted by record USDT throughput and ongoing stablecoin restructuring, reinforcing its role in high‑volume settlements as TRX holds the $0.30–$0.34 range.
- The total crypto market value reclaimed $4 trillion as Bitcoin rose to about $116,000 on renewed ETF inflows, with reporting also citing a major corporate BTC purchase that bolstered sentiment.
- Analysts point to October SEC decisions on spot XRP and Solana ETFs as potential catalysts, while promotional lists increasingly feature MAGACOIN FINANCE at roughly $0.0005 with reported audits and whale interest.