Decentralized finance is considered among the emerging areas in the encrypted digital currency market, and since the start of its projects, which are usually accompanied by digital currencies, the latter is experiencing very high volatility and speed of movement that may lead to high profits or huge losses.

Recently, a project called “Polkastarter” and its cryptocurrency POLS was launched for trading on the “Uniswap” platform yesterday, September 29.

Announced earlier this month, the project is built and powered by the Polkadot blockchain.

Rising price of digital currency POLS:

The digital currency POLS was launched and quickly managed to occupy the fourth place in terms of trading volume over 24 hours.

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With only 15 hours in our lives with $ Paul Code, we are now at #4 on Uniswap’s volume list over the past 24 hours!!!

We never thought we’d see a bigger size than the top level # Davy projects like more than a dollar $ DAI UNI $ Even on our first trading day.

What a polka start! pic.twitter.com/JN0Fls7CH8

– Polkastarter September 30, 2020

In terms of price, the new digital currency POLS saw a huge pump initially, as do most cryptocurrencies related to DeFi.

The digital currency POLS fell to about $0.27, and a few hours before it its price rose to $0.41.

The digital currency POLS is currently available as a pair to trade against ETH on Uniswap.

Poloniex listed POLS within a few hours of its launch on Uniswap, which means its trading volume has increased, although trading giants such as Binance and Huobi have yet to list it.

The Polkastarter project has received a lot of support from early adopters, which means that they will see good returns from selling their early cryptocurrency.

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Prior to the launch, the cryptocurrency was priced at $0.0125.

This was followed by a special sale at $0.0250 per coin, followed by a launch price of $0.05.

Currently, the POLS cryptocurrency is trading 600% above the launch price, while at peak prices, the increase was over 1,000%.

The Polkastarter project has laid out an ambitious roadmap that extends into the next year, and includes integration with the Polkadot project, improved KYC, whitelisting, governance and DAO models, and a full version 2.0 at the end of 2021.

Impact on the price of the digital currency DOT:

Polkadot’s DOT cryptocurrency hasn’t seen as much movement as its new sibling.

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With prices falling marginally today, the DOT cryptocurrency has fallen by 3.25% in the last 24 hours.

Looking over the course of the week, the DOT coin is up 5.83% over the week, but the monthly outlook isn’t too pretty with a drop of more than 30% since the end of August.

The Polkadot project is still in its early days and has been described as an “Ethereum Killer”, just like the EOS and Cardano project before it, which will either succeed or fade away as many did before it.

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Four promising projects built on the Polkadot blockchain… Get to know them

How has the Polkadot project managed to advance so strongly towards the top 10 cryptocurrencies?