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Polkadot(DOT)

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$8.9915
(6.46%)
0.00014474 BTC
Market Cap (Rank#14)
$11,597,951,290
186,702 BTC
Vol 24h
$249,506,989
4,017 BTC
Circulating Supply
1,289,880,551.33
Max Supply
1,017,898,802
5 days agonulltx
POLKADOT PRICE ANALYSIS & PREDICTION (February 26) – DOT Rebounds Slightly After a Short Pullback, Can It Sustain Pressure?
Polkadot DOT registered some losses this week but has recovered slightly after locating a minor support. It has been showing signs of strength since yesterday following a substantial 2% gain.  DOT cooled off buying a bit this week after witnessing a consecutive increase to a monthly high of $8.14 on […]
14 days agocoindesk
Craig Wright Trial Includes Ninja Anecdote Cited as Proof He's Bitcoin Creator Satoshi
On Friday, Craig Wright's sister Danielle DeMorgan recounted how she once saw him dressed as a ninja and working in a room full of computers, evidence, she says, he created Bitcoin.
14 days agonulltx
POLKADOT PRICE ANALYSIS & PREDICTION (February 16) – DOT Volatility Increases Following Latest Buying Pressure, Bigger Moves Ahead? 
Polkadot, DOT is up 11% in the past week following a steady recovery from a month’s low. After struggling with volatility in the past few days, it took a brief break and initiated a fresh surge this week.  Since the price bounced off $6 last month, DOT has been on […]
21 day agonulltx
POLKADOT PRICE ANALYSIS & PREDICTION (February 9) – DOT Slowly Picks Up As Explosion Underways, Where Next?
Following recent price recovery across the crypto space, Polkadot DOT increased by 8% in three weeks but appeared to be struggling with volatility. However, it remains strong on a weekly scale and looks set to claim more highs.  Most altcoins have stayed in the shadow of Bitcoin’s bounce lately as […]
22 days agocoindesk
Layer-2 Blockchain Developer StarkWare Plans ‘Cairo’ to Verify Layer-3s
Cairo, which the StarkWare and the Herodotus developer team worked on together, is a key piece of technology that verifies proofs and posts them back to the layer-2 blockchain, instead of Ethereum’s mainnet.
23 days agocoindesk
Diversifying Stability: Stablecoins Finding Home Beyond the Greenback
Following the success of Tether and USDC, a generation of stablecoins are offering new features for investors and holders, says Scott Sunshine, Managing Partner of Blue Dot Advisors.
23 days agocryptodaily
Polkadot Hacker House Set to Offer Developers Ultimate Coworking Experience at ETHDenver
Polkadot Hacker House Set to Offer Developers Ultimate Coworking Experience at ETHDenver
24 days agocryptodaily
New Analysis Predicts Shocking Turn for Avalanche (AVAX) – Why Polkadot (DOT) Might Be Your Next Big Win?
Explore the latest insights on Avalanche (AVAX) and Polkadot (DOT) in our comprehensive analysis. Discover how these key cryptocurrencies navigate the volatile market, with AVAX facing a critical token release and DOT growing in its ecosystem. Stay informed on their technical outlooks, price forecasts, and the impact of broader market trends in this essential read for crypto enthusiasts.
24 days agocryptodaily
Portfolio Fund Stakes 33% of liquidity into Pushd (PUSHD) as Ethereum (ETH) & Polkadot (DOT) investors also get involved with Presale
In cryptocurrency, strategic moves by portfolio funds can signal significant shifts in market sentiment. Recently, a notable development has emerged as a portfolio fund stakes 33% of its liquidity into Pushd (PUSHD), a pioneering decentralized online marketplace.
25 days agocryptodaily
Live Streaming Solution DeeStream (DST) Smooths the Way for Easier Profits - Polkadot (DOT) & Ethereum (ETH) holders get in early
Polkadot (DOT) has remarkable growth metrics in the ever-changing cryptocurrency space, while Ethereum (ETH) weathers market fluctuations and awaits upgrades.
28 days agonulltx
Polygon (MATIC) investors add Kelexo (KLXO) Presale to their portfolio as Polkadot (DOT) holders enjoy profits
In the ever-evolving landscape of cryptocurrency, investors constantly seek opportunities that promise growth and innovation. Recent developments in the market have seen both highs and lows, with notable trends emerging among leading tokens such as Polygon (MATIC) and Polkadot (DOT).  While investors in Polkadot (DOT) enjoy profits amid its recent […]
29 days agonulltx
POLKADOT PRICE ANALYSIS & PREDICTION (February 1) – DOT Ends Recovery With Sharp Rejection, Resumes Bearish 
Polkadot DOT resumed a downtrend this week after failing to sustain recovery. The bears appeared back in control as they slowly released pressure. We can expect bigger drops if the price breaks below $6. After ending a week retracement at $7.3, DOT initiated a fresh drop on Monday and continued […]
29 days agocryptodaily
Stacks (STX) & Kelexo (KLXO) Investors Doubling Down on Investment While Polkadot's (DOT) Future Looks Bleak
The general DeFi market is in a downturn, with leading cryptos experiencing a major decline in value.
30 days agocoindesk
Bitcoin Dips to $42.4K as Fed's Powell Pours Cold Water on March Rate Cut
Bitcoin dipped to $42,300, while crypto majors ETH, ADA, DOT fell 3%-4% with Solana's SOL tumbling over 6%.
30 days agocryptodaily
Top 5 Tokens Set to Surpass Solana's Market Cap in 2024
Explore the top 5 cryptocurrencies set to surpass Solana's market cap in 2024. This article provides a deep dive into the promising future of Avalanche (AVAX), Polkadot (DOT), Uniswap (UNI), Near Protocol (NEAR), and Optimism (OP), examining their growth potential, technological advancements, and market trends. Stay informed about the key developments and predictions shaping the future of these emerging tokens in the dynamic crypto landscape.
32 days agozycrypto
Will Polkadot (DOT) Keep Going Up — Watch Out for These Signals
Crypto enthusiasts are watching Polkadot (DOT) as it shows signs of an upward trend. With the price surging above key resistance levels, the question on everyone's mind is whether Polkadot's positive momentum will continue.
32 days agonulltx
Polkadot (DOT) investors cut losses and dive into Kelexo (KLXO) presale which looks to save their 2024; Ripple (XRP) investors already scramble to buy
The downward trend, in 2023 had an impact on all cryptocurrency applications across blockchains. Ethereum (ETH) is currently experiencing below-average performance following the crisis and the decline in crypto markets. Like Ethereum (ETH), several web3 projects operating on parallel blockchains with the proof of stake consensus model, have also suffered […]
32 days agocryptodaily
Crypto Resilience: How Cardano (ADA) and Polkadot (DOT) Defy Trends for Future Profits
Dive into the captivating world of cryptocurrency as Cardano (ADA) and Polkadot (DOT) take center stage in a mysterious bullish surge. Uncover the secrets behind Cardano's resilience and Polkadot's hidden potential, exploring the intricate dynamics that could shape the future of these digital assets.
37 days agonulltx
POLKADOT PRICE ANALYSIS & PREDICTION (January 24) – This Break and Retest May Trigger More Dips, Bearish Party Not Over Yet 
After sliding by 27% to $6 in the last 30 days, Polkadot saw a recovery overnight and trades calmly above this price level. It is currently taking a break as it retests a crucial level. Likely to resume bleeding shortly.  From around $9.3 at the top, DOT saw a roller […]
37 days agocryptopotato
Solana, Avalanche Lead the Altcoin Recovery, Bitcoin Returns to $40K (Market Watch)
Several altcoins have produced impressive gains over the past 24 hours, led by SOL, AVAX, and DOT.
38 days agocryptodaily
Polygon (MATIC) and Polkadot's (DOT) Alarming Slump: Is There Hope for Recovery?
Uncover the latest market trends and analysis for Polkadot (DOT) and Polygon (MATIC) in our comprehensive review. Find out how Polkadot's new partnerships and Polygon's POL token launch are influencing their market positions. Get ahead with our detailed forecasts and expert insights, crucial for informed investment decisions in the dynamic crypto landscape.
38 days agozycrypto
Cardano Takes Lead in Development Activity Amidst Crypto Market Decline
Amidst the recent downturn in the cryptocurrency market, Cardano (ADA) has emerged as the leader in development activity, surpassing other major players like Polkadot and Ethereum.
39 days agocryptodaily
Pushd (PUSHD) breaks presale records as Polkadot (DOT) and Polygon (MATIC) investors buy in
Polkadot (DOT) and Polygon (MATIC) are established names in the crypto world, but they haven’t been performing exactly up to par to start the year
43 days agonulltx
POLKADOT PRICE ANALYSIS & PREDICTION (January 18) – DOT Eyes $6.5 In The Upcoming Drawdown, Will This Price Level Produce A Rebound?
Following a sharp rejection last week, Polkadot dropped and resumed selling this week but has remained calm in the past hours due to an extreme drop in volatility. We can expect a big drop if an expansion occurs.  During the last short-term bullish rally, Polkadot formed an “inverse head and […]

About Polkadot?

The live price of Polkadot (DOT) today is 8.9915 USD, and with the current circulating supply of Polkadot at 1,289,880,551.33 DOT, its market capitalization stands at 11,597,951,290 USD. In the last 24 hours DOT price has moved ? USD or 0.00% while ? USD worth of DOT has been traded on various exchanges. The current valuation of DOT puts it at #14 in cryptocurrency rankings based on market capitalization.

Learn more about the Polkadot blockchain network and how it works or follow the price of its native cryptocurrency DOT and the broader market with our unique COIN360 cryptocurrency heatmap.

Although the DOT cryptocurrency was launched in May 2020, Polkadot, the network, was founded in 2016 when Gavin Wood introduced the concept of an interoperable blockchain in a whitepaper. Polkadot uses parachains, which are standalone blockchains hosted on the network, and parathreads, both of which connect to the main relay chain. These parachains and parathreads can interact with other blockchains like Ethereum via bridges. 

Wood left Ethereum after serving as a co-founder and CTO and founded the Web3 Foundation in 2017, through which he launched Polkadot. Polkadot’s other co-founders include crypto experts Robert Habermeier and Peter Czaban.

Before the launch of Polkadot came the Kusama network. While both networks share almost the same underlying architecture, Kusama acts as an experimental ground for developers looking to launch products on Polkadot. In other words, Kusama is Polkadot’s cousin chain where developers can test their applications before deploying them on the main, Polkadot network. 

Polkadot’s native cryptocurrency DOT can be used for governance decisions, such as determining network fees and auction processes for parachain slots, and for staking in order to validate transactions and secure the network.

DOT price 

DOT cryptocurrency price in 2020 was range-bound between $3 to just over $6. The first major rally in DOT price started in the last few days of 2020 and continued through 2021. Between Jan. 1 and Jan. 16, 2021 the price of DOT more than doubled from around $9 to over $19 while its market cap grew from around $7.7 billion to over $15.4 billion. According to our live DOT price chart, this uptrend in the price of DOT reached a peak at around $49 on May. 15, 2021.

Thereafter, DOT coin price dropped along with the broader crypto market and fell to around $10 in July 2021. However, Polkadot price surged again in October/November 2021 as Bitcoin rallied, and DOT went on to set a new all-time high of around $55.

DOT coin remains one of the top cryptocurrencies by market cap despite price volatility but future DOT price predictions bank heavily on network adoption and Polkadot's interoperability play and depend on how Ethereum manages to solve its scalability and congestion issues moving forward.

How DOT works

The ability to process transactions simultaneously on parachains makes Polkadot much more scalable than Ethereum. According to Wood, Polkadot’s transactions per second (TPS) limit could go from 100,000 to a million. In comparison, Ethereum can only handle around 15 TPS.

Polkadot was launched with the proof-of-authority (PoA) protocol, where the network’s governance was controlled by a single user. However, validators soon joined the network and Polkadot swiftly migrated to a proof-of-stake consensus mechanism in June. 

However, Polkadot uses a different version of PoS called nominated proof-of-stake (NPoS), where nominators choose validators by staking their own assets. This is similar to the delegated proof-of-stake model but with one difference — in NPoS, nominators can lose their staked assets if they select a bad actor. 

Both validators and nominators can stake their DOT crypto holdings to participate in the consensus mechanism. DOT coin holders can also participate in the network's governance processes. 

Investors can also “bond” their DOT coins to support projects participating in parachain auctions on the Polkadot network. If a project they support wins, their bonded assets are returned at the end of the parachain lease period. Investors are also rewarded by the winning project in terms of their own tokens. However, if the supported project does not win the auction, the bonded assets are returned immediately after the auction.

Polkadot news, updates and highlights

In April 2021, Polkadot announced a significant partnership with Chainlink (LINK). This allowed developers building on Polkadot to access up-to-date and tamper-proof DOT price feed data from the Chainlink oracle.

The ecosystem’s growth was further boosted when VC firm Master Ventures announced a $30 million Polkadot Fund to invest in the most promising projects competing to win the parachain auctions.

Additionally, in March 2022, Polkadot made a jump in expanding interoperability with external blockchains. Its Acala parachain announced integration with the cross-chain bridge Wormhole, which connected the larger Polkadot ecosystem with eight major blockchains including Ethereum (ETH), Solana (SOL), Avalanche (AVAX) , Terra (LUNA) and Binance’s BNB chain (BNB)

Frequently asked questions about DOT

  • Can you mine or stake DOT coins?

Since Polkadot uses the NPoS consensus mechanism, DOT cannot be mined. However, holders can stake their DOT crypto holdings, either as nominators or validators, to earn rewards in exchange for securing the network.  

  • What are some of the best DOT wallets?

DOT coins can be stored in hardware wallets like Ledger, web wallets developed by Parity, and mobile wallets like Trust Wallet and TokenPocket.   

  • What can you do with DOT cryptocurrency?

Each DOT user gets voting rights, allowing them to participate in the network’s decision-making on aspects such as upgrade deployment and auction mechanisms. DOT holders can also stake their coins to participate in validating transactions and securing the network, either as nominators or validators. Investors can also use their DOT to support projects trying to win parachain auctions. 

  • How can you buy DOT?

The easiest way to buy DOT is through centralized exchanges like Coinbase, KuCoin, Binance, OKX, Kraken, eToro, and FTX, among others. You can also Polkaswap, a cross-chain DEX to swap between various cryptocurrencies and tokens on the Polkadot and Kusama networks.


Polkadot Price8.9915 USD
Market Rank#14
Market Cap11,597,951,290 USD
24h Volume249,506,989 USD
Circulating Supply1,289,880,551.33 DOT
Max Supply1,017,898,802 DOT
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