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Polkadot Leads A Rotation Into Old Layer-1s As Hike Odds Widen

Polkadot led gains among older layer-1 tokens, climbing 16.7% on the day and 42.5% over the week as Cosmos Hub, Decred and Ethereum Classic also posted strong advances. Bitcoin and ether finished lower on the day while traders increased the odds of a 25-basis-point Federal Reserve rate rise ahead of next week’s FOMC meeting.

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