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Polkadot price, market cap on Coin360 heatmap

Polkadot(DOT)

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$5.4909
(-3.62%)
0.00032261 BTC
Market Cap (Rank#11)
$6,281,413,596
369,059 BTC
Vol 24h
$58,065,999
3,412 BTC
Circulating Supply
1,143,961,461.17
Max Supply
1,017,898,802
13h agocointelegraph
Price analysis 12/5: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT
Crypto markets appear to be losing some of their recent bullish momentum, but a favorable tailwind from equities markets could catalyze a breakout in Bitcoin and select altcoins.
2 days agonulltx
Experts Recommend Dropping Solana (SOL) and Polkadot (DOT) For Orbeon Protocol (ORBN)
With altcoins and new crypto projects springing up on the market every single day, it’s hard to find promising ones before they skyrocket to the moon. With that in mind, there are some hidden gems, however, that could still see you reap massive benefits in 2023 and beyond. If you’ve already heard about Solana (SOL), […] The post Experts Recommend Dropping Solana (SOL) and Polkadot (DOT) For Orbeon Protocol (ORBN) appeared first on NullTX.
3 days agocointelegraph
Price analysis 12/2: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
Bitcoin and altcoins are beginning to flash signals of a potential trend change, but a handful of downside risks remain.
3 days agocryptodaily
Flasko (FLSK) Has The Potential To Surpass Polkadot (DOT) and Cosmos Hub (ATOM)
The cryptocurrency market is expanding fast, and the value that individual projects' infrastructure efforts bring to the table is a major reason for this expansion. Two blockchain-based cryptocurrency projects, Polkadot (DOT) and Cosmos hub (ATOM), have established themselves as industry leaders. New cryptocurrency projects' blockchains, like Flasko's, are more advanced and competitive. Polkadot (DOT)’s Value Is Decreasing Day By Day Polkadot (DOT) is an open-source blockchain platform. The purpose of this blockchain was to establish a decentralized web that everyone could access. There was an initial success for Polkadot (DOT). Polkadot (DOT)’s growth rate was once higher than Ethereum's. Polkadot(DOT) is the platform’s token, a vital feature of its user-driven governance structure. In 2021, Polkadot (DOT) was a huge success. Roughly in November, it reached a new peak, bringing in a lot of profit for investors. Fast forward to today, investors are going elsewhere because of the stagnation of Polkadot (DOT). Polkadot (DOT) sells for $5.132, down 88% in one year. Cosmos hub (ATOM) 2.0 Gets Rejected To increase scalability, security, and liquidity in the blockchain ecosystem, Cosmos hub (ATOM) is working to develop a decentralized, easy-to-join, interoperable meta-layer. Often called "the internet of blockchains," Cosmos hub (ATOM) is a network that links decentralized ledgers together using a special protocol called the Inter-Blockchain Communication Layer (IBC). Cosmos hub (ATOM) members voted to reject Proposal #82, "ATOM 2.0: A new vision for Cosmos Hub," after weeks of heated discussion and a stressful two-week voting session. The concept was promoted as the subsequent stage in the development of Cosmos hub (ATOM). The whitepaper proposed several changes to the Cosmos hub (ATOM) protocol, including a radical reworking of Cosmos hub (ATOM)'s tokenomics and developing two new tools, the Interchain Allocator and the Interchain Scheduler. Huge Financial Gains From Flasko (FLSK) Are Expected Among the cryptocurrencies that have the potential to generate significant profits in 2023, Flasko is the most attractive. The coming years belong to cryptocurrencies, and NFTs backed by physical assets that hold value in the real world. This is why the Flasko protocol will allow the purchasing of fractionalized NFTs backed by bottles of expensive wines, whiskeys, and champagnes. Thanks to a successful first stage of the presale, Flasko has entered the second stage and is priced at $0.099 per presale token. In 2023, this figure is projected to rise by a whopping $6.5, which is an amazing prediction by numerous experts in the field! The right time to purchase Flasko tokens is right now! You will regret missing this once-in-a-lifetime opportunity of purchasing Flasko tokens when it's in the presale stage, so check out the links below and get yourself enrolled in the Flasko presale! Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
4 days agocryptodaily
SubQuery Announces Integration with Flare Network
Dubai, UAE, 1st December, 2022, ChainwireSubQuery is excited to announce it has extended its data indexing support to Flare Network, the blockchain that aims to connect everything. The partnership was made possible after SubQuery received a grant from the Flare Ecosystem Support Programme. Flare is a blockchain which presents developers with a simple and coherent stack for decentralized interoperability, allowing dApps to serve multiple chains through a single deployment. This cross-chain approach is consistent with SubQuery’s continuous effort to become the universal blockchain indexing tool for web3 developers. Flare supports EVM-based smart contracts, and has data and interoperability infrastructure built natively into the blockchain, providing dApps with highly decentralized price feeds and secure state acquisition from other blockchains. Flare is also building the capability to create decentralized, multilateral and insured bridges between different blockchain networks to achieve trustless interoperability. Hugo Philion, Flare Co-founder & CEO, said, “We admire SubQuery's decentralized data indexing solutions and are excited for them to launch on Flare mainnet. This will complete another important piece of Flare's developer engagement strategy." SubQuery provides decentralised data indexing infrastructure to developers building applications on multiple layer-1 blockchains including the Cosmos ecosystem, Polkadot, Algorand and Avalanche. As an open data indexer that is flexible and fast, it helps developers build APIs in hours and quickly index chains with the assistance of dictionaries (pre-computed indices). Engineered for multi-chain applications, SubQuery allows developers to organize, store, and query on-chain data for their protocols and applications. SubQuery eliminates the need for custom data processing servers, helping developers focus on product development and user experience. “We’re proud to be supporting teams building on Flare Network with our fast, flexible and universal indexing solution. We are excited to deliver another integration that enables Flare developers to index their data faster and easier, and build complex dApps with the help of SubQuery.” — Marta Adamczyk, Technology Evangelist at SubQuery Flare Network developers will benefit from the full SubQuery experience, including the open-source SDK, tools, documentation, developer support, and other benefits developers receive from the SubQuery ecosystem. Additionally, Flare Network is accommodated by SubQuery’s managed service, which provides enterprise-level infrastructure hosting and handles over 400 million requests each day. SubQuery is now focused on launching the Kepler canary network before decentralising and tokenizing the protocol to build the SubQuery Network. If you would like to join SubQuery as a Flare launch partner, please reach out to [email protected] Getting Started The best way is to start with our starter project which contains a running project with an example of all mapping functions. You'll need to install a recent version of @subql/cli via npm i -g @subql/[email protected] If you don't want to see a kitchen sink example, you can follow a step by step guide on how to create a real world example. Follow our quick start tutorial to see how to index all Flare FTSO Rewards on the Songbird network in less than 15 minutes. With SubQuery's Flare integration, we can index the following: BlockHandler: All blocks and their hash and height TransactionHandler: All transactions and their hash, height, and timestamp LogHander: Logs and other on chain messages as a result of transactions made SubQuery's Flare implementation has been designed to operate almost identically to SubQuery's Avalanche, Polkadot, Cosmos, and Algorand support, and in a similar way to the Graph's approach. We've updated the SubQuery Documentation to add Flare specific information. You can begin by following this excellent getting started guide here. Key Resources Developer documentation (SubQuery Academy) Starter project (Github) Example project that indexes FTSO rewards Discord community (including technical support) About Flare Network Flare is a blockchain built to connect everything. It presents developers with a simple and coherent stack for decentralized interoperability, allowing developers to serve multiple communities and ecosystems simultaneously through a single deployment. Flare’s protocols now provide: Scalable EVM-based smart contracts. Highly decentralized price feeds. Secure state acquisition from other blockchains. Flare and ecosystem partners are also building: Insured smart contract token bridging. Non-smart contract token bridging. Secured data relay. Horizontal scaling through a fully interoperable multi-chain ecosystem. Website | Twitter | Discord About SubQuery SubQuery is a blockchain developer toolkit facilitating the construction of Web3 applications of the future. A SubQuery project is a complete API to organise and query data from Layer-1 chains. Currently servicing Polkadot, Avalanche, Algorand, and Cosmos projects, this data-as-a-service allows developers to focus on their core use case and front-end without wasting time building a custom backend for data processing activities. In the future, the SubQuery Network intends to replicate this scalable and reliable solution in a completely decentralised manner. ​​Linktree | Website | Discord | Telegram | Twitter | Matrix | LinkedIn | YouTube ContactDan [email protected]
4 days agocryptodaily
Price Forecast: Buy Or Sell Polkadot (DOT) And Ethereum Classic (ETC)
Even though the overall market valuation for cryptocurrencies has fallen below $800 billion, data reveals a few reasons why some crypto are bullish. Polkadot (DOT) and Ethereum Classic (ETC) are hitting new peaks, signaling a sellout or buyout. If you’re a DOT, ETC holder, now is the time to double your profit! But, you should be looking for new coins like The Hideaways if you want potential 100x’s! Polkadot Hit New Peaks Overall time frames, Polkadot's (DOT) value has plummeted noticeably over all time frames, but it has bounced back by 5.1%. The coin is trading at $5.41, which is a record high. The RSI values for DOT are rising, and the indicator is overbought. Polkadot might be the next to reach $6. The cryptocurrency was on an uptrend, opening the door for more increases. Most cryptocurrencies were down, showing how seriously the FTX meltdown affected public opinion. DOT, however, continues to hold its position as the 11th coin with the biggest market capitalization. Should You Sell Ethereum Classic This Week? The price of Ethereum Classic (ETC) has increased 6.6% to $19.26 in the last day. This contrasts with its recent downward trajectory, which lost 6.9% and rose from $20.61 to its current price. ETC's trading volume climbed by 18.0% over the last week, while its total circulating supply increased by 0.23% to reach over 138 million, or approximately 65.49% of its maximum supply of 210.70 million. The $20 barrier level is barely out of reach for the Ethereum Classic. Since resistance is not far from the current price, selling ETC is advisable. The RSI indicators also support the bearish momentum since their moving lines are trending toward the oversold region. Own Your Dreamhouse; Buy The Hideaways Now! Crypto owners are excited to get their hands on premium blockchain prospects. One of the most anticipated projects is The Hideaways (HDWY), which combines fractionalized NFTs with high-end real estate properties. If you buy HDWY tokens, you can invest in fractionalized NFTs. The team issues liquidity by locking team tokens for two years to reap higher returns. Investors can benefit from the $226 trillion market in real estate with a $100 minimum deposit thanks to NFT fractionalization. As an HDWY owner, you can generate income from events, short-term vacation rentals, and property discounts; they offer a higher return on investment than traditional real estate holdings. So what’s stopping you from buying HDWY tokens? Get them now while they still have a $0.072 presale discount! Website: https://www.thehideaways.io/ Presale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
5 days agocointelegraph
Price analysis 11/30: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
BTC and many altcoins are kicking up dust after the Federal Reserve chairman Jerome Powell discussed the possibility of smaller rate hikes in 2023, but is the momentum sustainable?
5 days agocryptodaily
Solana (SOL) and Polkadot (DOT) Will Look To Improve After Plona (PLON) Raises $500 Thousand.
Why is the blockchain industry important? Before the release of Bitcoin in 2009, people had to manage their finances using banks, financial organisations, and other third-party companies. However, now with cryptocurrencies on the blockchain, we can eliminate these institutions. The recently launched Plona (PLON) token is leading the change in the finance sector. Solana (SOL) struggles after a 5% decrease. The developers of Solana (SOL) created this cryptocurrency to improve the Ethereum blockchain. Launched only in 2020, Solana (SOL) quickly gained popularity and rose to the top 10 of CoinMarketCap. The Solana (SOL) platform is known for its reliable smart contract function and for supporting developers worldwide who create crypto apps. The platform was designed to host scalable apps functioning in the decentralised finance ecosystem (DeFi). A year after its launch, Solana (SOL) scaled by 12,000% in 2021. However, this year saw its market capitalisation fall by a whopping $11.71 billion. Furthermore, Solana (SOL) dropped by another 5% this week. Polkadot (DOT) might lose its investors. Polkadot is a unique protocol that securely connects unrelated blockchains to talk and work with one another. This connection allows the data or value to flow without interruption between cryptocurrencies like Bitcoin (BIT) or Ethereum (ETH). The Polkadot (DOT) platform allows for apps and services running a compatible decentralised web by securely communicating across various chains. Polkadot (POL) can be bought or sold through a decentralised protocol or exchanges like Coinbase and allows users to send value and data to networks that were once incompatible. Polkadot (DOT) would like to forget last week after its value dropped by 4.65%. Now worth $5.91, Polkadot (DOT) sits in 12th place on the CoinMarketCap. If you are looking for a cheaper option, Plona (PLON) might be the right investment for you. Plona (PLON) to $500 thousand in its first two weeks of the presale. Developed by a team of blockchain experts and exotic car enthusiasts, Plona (PLON) is a cryptocurrency blockchain. As an Ethereum-based non-fungible token (NFT), Plona (PLON) functions on the decentralised finance (DeFi) platform. Plona (PLON) is bringing the car industry into the blockchain space by allowing investors to purchase a fraction of some of the world's most luxurious cars for $29. Plona (PLON) platform is locking up liquidity for five years and donating 2% of its tokens to a charity chosen by the community. Furthermore, Plona (PLON) investors will benefit from a 2.5% transaction fee from all network transactions. Plona (PLON) phase one presale has begun, and after only two weeks, the platform has raised $500 thousand. Blockchain experts and crypto analysts have predicted Plona (PLON) to have a 3,000% gain by the end of January 2023. Find out more about Plona (PLONA) and enter the presale using the links below. Presale: https://buy.plona.io Website: https://plona.io Twitter: https://twitter.com/plonatoken Telegram: https://t.me/plonatoken Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
7 days agocointelegraph
Price analysis 11/28: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT
Turmoil in China, concerns over the global economy and BlockFi’s bankruptcy filing are all weighing on crypto markets this week.
8 days agocryptodaily
Investors in Cardano (ADA) and Polkadot (DOT) Have Their Portfolios in Red, While Flasko (FLSK) Price Surge
Cardano (ADA) and Polkadot (DOT) are top coins in the cryptocurrency community. These tokens have witnessed good times since their launch, but the recent market declines have left investors second-guessing their investment in these coins with portfolios in the red. This is why investors are looking to Flasko, a new alternative investment that analysts predict to have a 4,000% price surge in the coming months. Cardano (ADA) Price Continues On A Downtrend After Cardano (ADA) couldn't break its recent resistance at $0.44, analysts expected $0.32 to be the support. Still, the price of Cardano (ADA) fell further to its current $0.30 alongside the broad cryptocurrency market. Investors believe that if the price of Cardano (ADA) cannot hold the $0.30 price position, then a continuous fall would be expected. Analysts point out data as seen in the Moving Average Convergence, prompting bulls to be careful as it shows a sell signal with frequent red bars. Conversely, if Cardano (ADA) can successfully consolidate above the $0.30 price range for some days, investors can expect a short attempt at $0.44 or even higher in the coming weeks. But, since the crypto market is still experiencing market downturns, it might take weeks or even months for Cardano (ADA) to achieve a price of $1. This is why investors are already searching for other alternatives. Polkadot (DOT): Upward Trend Not Foreseeable In The Short Term In terms of social activity, Polkadot (DOT) has made some headlines in recent weeks as it topped the list. This was a positive development for the Polkadot (DOT) token since it showed its popularity among crypto communities. But, even with these developments, things don't look too good for the Polkadot (DOT) token. CoinMarketCap shows that the Polkadot (DOT) token has had a negative 12% performance in the last seven days. At the time of writing, Polkadot (DOT) costs $5.16 after a 2.2% price drop over the previous day. A look at the stochastic signal showed that Polkadot (DOT) is currently oversold, which is a bullish signal. Even with Polkadot (DOT) topping blockchain lists of development activity, Polkadot (DOT) token volume has reduced in the past few days. The daily chart showed worse things for the Polkadot (DOT) token, as many indicators showed a bearish signal in the coming days. With such data, investors aren't too keen on Polkadot (DOT) token providing gains in the coming weeks. This is why investors are in search of alternatives. Experts Predict Flasko (FLSK) To Surge 4,000% In The Coming Months Flasko will be the first alternative investment to let investors trade in fractionalized and minted NFTs. These NFTs are tied to real-world assets such as luxury wines, rare champagnes, and whiskeys. A complete purchase of an NFT will let investors get their assets delivered to them. Flasko will partner with wine stores to get the assets into the market while ensuring investors can get discounts and first access to products. Currently, Flasko is worth $0.085, and analysts predict that this price will rise by 4,000% in the coming months. Though Cardano (ADA) and Polkadot (DOT) might have some good price action in the coming months, expert analysts believe that investing in Flasko would provide the best gains in the coming months. Since it has been audited by Solid Proof and will lock its liquidity for 33 years, investors are assured of a risk-free investment. You can follow the links below to learn more about the project. Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
10 days agonulltx
Polkadot Price Analysis & Prediction (Nov 25th) – DOT Flags More Bearish as Price Plunges From $6, Where Is It Heading Next?
Since the price crashed to $5.35 a few days ago, Polkadot struggled to recover well above $6. Instead, it flagged another bearish after the price saw multiple rejections at a crucial supply zone. The bearish action appeared to be painting an uglier scenario for Polkadot following the crash from $7.43 around the channel’s resistance.  It […] The post Polkadot Price Analysis & Prediction (Nov 25th) – DOT Flags More Bearish as Price Plunges From $6, Where Is It Heading Next? appeared first on NullTX.
10 days agocointelegraph
Price analysis 11/25: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
Bitcoin and most major altcoins are witnessing a relief rally but higher levels are likely to attract strong selling by the bears.
11 days agocointelegraph
Polkadot incentivizes its community to fight scams through an “anti-scam bounty”
Polkadot said it rewards community members in a consistent manner with bounties paid in USDC.
13 days agocryptodaily
AAG Partners With Simplex To Bring Fiat On-ramping To MetaOne® Wallet
SG, Singapore, 22nd November, 2022, ChainwireAAG, developers of the new user focused digital wallet MetaOne®, has tapped Simplex to integrate convenient fiat on-ramps into its product. Through this collaboration, MetaOne® users, many who never previously owned cryptocurrency, can seamlessly and safely acquire digital assets all within the wallet. Every user of the MetaOne wallet will have the ability to purchase supported cryptocurrencies. MetaOne® is a digital and unique crypto wallet built by AAG that suits the needs of novices and experienced users. There is a substantial emphasis on security, safety, and efficiency, without compromising convenience. Integrating Simplex's payment solutions into MetaOne® makes acquiring cryptocurrencies and NFTs more accessible. Simplex has a stellar reputation in the digital payment space and provides support for credit and debit cards, which are the most commonly used payment vehicles globally. Thanks to the Simplex integration, users can conveniently buy Bitcoin, Ethereum, Harmony, and Polygon (MATIC). MetaOne® supports any cryptocurrencies on Bitcoin, Ethereum, Harmony, and Polygon networks (with ongoing support for additional blockchains starting in December) and is also compatible with non-fungible tokens (NFTs), smart contracts, and more. It can be seen as a digital passport to traverse the metaverse and Web3. The integration will also enable the purchase of the AAG token ($AAG) directly via Simplex payment gateway. “By partnering with Simplex, users will no longer have to go outside of our MetaOne® wallet to buy crypto,” said Jack Vinijtrongjit, co-founder and CEO of AAG. “It’s part of our mission to make it easy to onboard novices to the Metaverse and Web3 by giving them all the tools they need to do so in one place. Thanks to this partnership, users will be able to start buying cryptocurrency – as well as our own AAG Token – using their credit and debit cards within minutes. It’s an important milestone in our mission of onboarding 1 billion users to the Metaverse by 2030.” "We are excited to be the trusted payment partner of AAG Ventures, making it easy for their audience to buy AAG tokens and other cryptocurrencies, all within their MetaOne® Wallet app" - said Dror Ben Eliyahu, Simplex's Head of Business Operations. "AAG provides the complete Web3 infrastructure for new and experienced users alike. For us at Simplex it was a natural fit to support AAG's users with a seamless payment experience, fueling a painless onboarding process and mainstream DeFi adoption globally" - he added. The name MetaOne® has ties to the metaverse. The wallet will provide a seamless experience-driven user experience and bring economic opportunities throughout the metaverse. In addition, it serves as a one stop shop wallet, providing a multitude of services geared toward new digital asset holders all conveniently placed within the wallet. As part of its mission to welcome the next one billion users to crypto, the MetaOne® Wallet includes the MetaOne® Dapp Store, a curated list of projects across the ecosystem that aims to guarantee safety from scams and offer an easy way for newcomers to the industry to discover the best of what Web3 has to offer. In order to educate the next billion web3 users, AAG has built the AAG Academy. Offering user-friendly, jargon-free reading materials about core Web3 concepts, AAG Academy seeks to be the ultimate learning resource for the Web3 era. AAG Academy will offer dozens of detailed articles in multiple languages, and a support network to encourage group learning via AAG Community social media, allowing learners to ask questions and join in discussions with others also on the learning journey. About AAG AAG is a web3 infrastructure company focusing on providing software that helps simplify interactions with blockchain applications and the Metaverse for mainstream users and traditional companies. AAG provides a secure and easy-to-use crypto wallet, as well as infrastructure software, such as a cross-chain search engine and GameFi SDK for enterprise companies. With the belief that education is the key to unlock the potential of web3, AAG is also exploring the concept of Learn-and-Earn with the mission of enabling economic opportunities worldwide via the Metaverse economy. AAG aims to bring 1 billion people into the Metaverse economy by 2030. About Simplex Simplex is the fiat/crypto infrastructure for the entire world. An EU-licensed financial institution, Simplexaims to change the status quo of the current crypto markets by providing simple, seamless, and secure channels to convert over 100+ fiat currencies to 170+ cryptocurrencies. Simplex has been actively supporting existing and new protocols in the industry, nurturing and expanding its portfolio of supported cryptocurrencies.ContactTal [email protected]
14 days agocointelegraph
Price analysis 11/21: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT
Crypto markets have started the week on a weak note, suggesting that buyers remain skeptical about buying any significant dips.
14 days agocryptodaily
Increased Polkadot Activity Shows Appetite for Decentralization
An uptick in new user accounts on Polkadot has lent weight to the suggestion that the era of centralization in crypto is finally coming to an end. New analysis from Dot Insights shows there has been a big jump in on-chain activity on Polkadot. At the same time, account activity on the network has risen substantially over the past couple of weeks. More specifically, the two increased metrics refer to the number of new and active accounts on Polkadot, which have soared despite the turmoil afflicting the wider cryptocurrency market. Polkadot’s increased activity comes against the backdrop of the spectacular collapse of FTX, a highly centralized cryptocurrency exchange that, according to some, was the second-largest in the world based on its trading volume. Its collapse saw thousands of investors lose whatever funds they held on the exchange, and as bankruptcy proceedings begin it’s not clear if those users will be able to recoup their losses. Centralized exchanges like FTX grew rapidly in recent years because they provided consumers with a simple onramp to crypto. However, as recent history has shown, many of those centralized exchanges disregarded consumer protections in pursuit of profitability, resulting in numerous meltdowns that have dragged on the industry. Consumers are learning of the risks of centralization the hard way. FTX wasn’t the first, as anyone who held funds on Mt. Gox can testify. And it won’t be the last either - already, several other exchanges have come under pressure following FTX’s collapse, including BlockFi and Gemini. The inevitable conclusion to be drawn is that centralized platforms pose a significant risk to crypto investors, and it’s time for the community to reject them for something better. The community should take note that crypto was never about getting rich quick, as so many investors in the space seem to believe. Rather, crypto is about true individual ownership and self-sovereignty of our finances. It’s an alternative system of finance where individuals hold the keys to their own wallets, and can trade, borrow and lend without a centralized intermediary. The vision of Bitcoin founder Satoshi Nakamoto was to give people a way to take back control of their finances, in response to the 2008 financial crash. He or she created Bitcoin as a response to the truism that power corrupts - if someone controls your money, they’ll likely end up abusing that trust. This is evident in crypto, with centralized exchanges that misuse customer’s funds and dig themselves into a bottomless pit. The only viable path forward is to embrace the true spirit of decentralization. Crypto must be controlled by its users, with no more reliance on corrupt exchanges that are no different from Wall Street’s bankers. The good news is that the crypto community is taking note. In the last two weeks, the number of daily new accounts on Polkadot grew by almost 10 times. In the same period, the number of active accounts increased four times. Dot Insights, a project that monitors the Polkadot and Kusama ecosystems, said the number of active accounts on Polkadot increased from 1,000 to 4,516 in the last two weeks, amounting to a 300% increase. 2/ The number of daily new accounts on Polkadot has SURGED by nearly 10 times in the past 2 weeks alone, while active accounts have increased 4 times! https://t.co/bbHPRVPGcz — Polkadot (@Polkadot) November 14, 2022 That people are turning to Polkadot in times of turmoil is no surprise, as Polkadot has always been among the fiercest of advocates for decentralization. The spike in new daily accounts and active users began just as news of FTX’s problems began hitting the headlines, and accelerated as the true scale of the disaster became apparent. So Polkadot’s growth in activity can be directly attributed to the liquidity that flowed out of FTX - as people withdrew their money from that platform, they looked for a safer haven, and there’s nothing safer than your own, non–custodial wallet. When times are tough, it seems that investors realize that their tokens are safer in their own possession. Many crypto influencers also urged their followers to withdraw their funds from exchanges and put them into cold storage. Polkadot’s increased activity shows that the crypto world is ready for decentralization. Decentralized trading platforms provide big benefits over their centralized brethren. There’s a lack of counter-party risk, transparency and on-chain settlement. It’s impossible for any decentralized platform to take risks with customer’s funds, because they never actually see those funds. A properly implemented DeFi-based economy will therefore serve everyone equally, with consumer protection encoded within its very foundation. There’s still work to be done. One of the biggest challenges is the need for a solution to avoid people losing their private keys, and therefore access to their funds. However, advances in multi-party cryptography and social guardians can solve this conundrum, allowing DeFi users to say goodbye to the days of seed phrases for good and finally take back control of what is rightfully theirs. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
17 days agocointelegraph
Price analysis 11/18: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, UNI, LTC
Bitcoin and select altcoins are struggling to rise above their immediate resistance levels, indicating that bears remain in full control.
17 days agocryptodaily
Coins For the Future: Polkadot (DOT), Chain (XCN) and Orbeon Protocol (ORBN)
New crypto projects come out every day, but only a handful have what it takes to succeed in the long run. Polkadot (DOT), Chain (XCN) and Orbeon Protocol (ORBN) are three projects that have the potential to change the face of cryptocurrency. With their cutting-edge technology and real-world applications, they are poised to take the crypto world by storm. >>BUY ORBEON TOKENS HERE<< Polkadot (DOT) Polkadot is a next-generation blockchain protocol that enables interoperability between blockchains and connects different blockchain networks together. Founded by a former Ethereum developer Gavin Wood, Polkadot is at the center of the Web 3 revolution. Polkadot allows for cross-chain transfers of data and value, making it possible to build a truly decentralized internet. Polkadot is powered by a novel consensus algorithm called Parachains, which allows multiple blockchains to operate in parallel and scale horizontally. This makes it possible to process thousands of transactions per second, making Polkadot one of the fastest and most scalable blockchain protocols in the world. In addition, Polkadot is fully decentralized, meaning that there is no central point of failure. This makes it incredibly resilient to attacks and ensures that the network can always remain online. Polkadot is an exciting new technology that has the potential to revolutionize the way we use blockchains. Chain (XCN) Chain (XCN) is a cloud blockchain service that's custom-built for financial institutions. Chain helps large organizations build better financial services with the help of blockchain tech. By using Chain Core, institutions can set up and manage their own blockchain network or connect to the many networks that are already up and running. By providing a secure, scalable platform for data management and analysis, Chain allows financial institutions to share data and applications while maintaining strict security and privacy controls. Chain also allows them to streamline their operations, reduce costs, and speed up transactions. As a result, Chain provides a powerful foundation for building next-generation financial services that are more efficient, secure, and compliant. Orbeon Protocol (ORBN) Orbeon Protocol is a decentralized investment protocol that enables secure investment in early-stage startups Orbeon Protocol helps connect investors with startups safely and securely with the help of blockchain tech. Orbeon Protocol is powered by the Ethereum blockchain, which provides a tamper-proof platform for investment. The protocol uses smart contracts to secure the investment process, and it also includes built-in anti-rug pull technology. Orbeon Protocol is designed to make early-stage investing more accessible and secure, and it has the potential to revolutionize the crowdfunding and venture capital industry. Polkadot (DOT), Chain (XCN) and Orbeon Protocol (ORBN) are just a glimpse into the bright future of cryptocurrency. Orbeon Protocol is the newest among them and the one with the greatest potential upside. Analysts predict it could jump 6000% by the conclusion of its presale. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Telegram: https://t.me/OrbeonProtocol Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
17 days agocryptodaily
Is the FTX debacle worse than Enron?
The liquidator presiding over the FTX Chapter 11 bankruptcy was also in charge of the Enron liquidation process. He states that the mess at FTX is &ldquo;unprecedented&rdquo;. More than 20 years ago, the accounting scandal and resulting collapse of the then seventh biggest company in the US was one of truly epic proportions. Back in 2001 the energy giant Enron was exposed for hiding huge losses in an accounting cover-up. Today, the very same person who presided over the ensuing bankruptcy has been given the task of guiding FTX through Chapter 11. It could be said that John Ray III might have seen it all over his career thus far. However, his comments on the &ldquo;unprecedented mess&rdquo; left by Sam Bankman-Fried make grim reading. The Chapter 11 bankruptcy filed on Thursday included comments by Ray that damned the FTX management for a &ldquo;complete absence of trustworthy financial information&rdquo; and "compromised systems integrity.&rdquo; According to an article on the subject by Entrepreneur, Ray was cited as stating: &ldquo;Unacceptable management practices included the use of an unsecured group email account as the root user to access confidential private keys and critically sensitive data for the FTX Group companies around the world, the absence of daily reconciliation of positions on the blockchain, the use of software to conceal the misuse of customer funds, the secret exemption of Alameda from certain aspects of FTX.com's auto-liquidation protocol, and the absence of independent governance as between Alameda (owned 90% by Mr. Bankman-Fried and 10% by Mr. Wang) and the Dotcom Silo (in which third parties had invested).&rdquo; One of the worst issues underscored by Ray was the fact that decision making-records were not available. Ray explained: "Mr. Bankman-Fried often communicated by using applications that were set to auto delete after a short period of time, and encouraged employees to do the same." Ray is now faced with having to check the accounts of debtors who would have recorded dealings. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
19 days agocointelegraph
Price analysis 11/16: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, UNI, LTC
The recovery in BTC and altcoins fizzled out fast, suggesting that investors continue to maintain a risk-off stance to all cryptocurrencies.
20 days agocryptodaily
MarketAcross Joins Polkastarter Gaming & Web3 Stalwarts For Pioneering GAM3 Awards
Tel Aviv, Israel, 15th November, 2022, ChainwireFirst-of-its-kind Web3 gaming event to connect the community, gaming studios, and influential industry participants to reward selected winners from over 200 games for 16 unique categories Echoing the rapid growth of blockchain-based gaming and rising investment inflows, Polkastarter will be hosting the first-ever GAM3 Awards to showcase the industry&rsquo;s progress in constructing engaging, entertaining Web3 games. To handle the award show&rsquo;s coverage, publicity, and promotion, MarketAcross is collaborating with Polkastarter and other leading industry participants as the event&rsquo;s official media partner. Slated for a Twitch broadcast on December 15, 2022, the GAM3 Awards are designed to highlight the best Web3 games delivering a fun and engaging experience for players instead of concentrating on token economies and gamification typical of blockchain gaming titles. The event&rsquo;s judges will evaluate over 200 Web3 games across 16 categories before doling out $300,000 in prizes to the winning teams. Prizes are sponsored by a consortium of crypto&rsquo;s biggest names, including the Blockchain Game Alliance, Immutable X, Machinations, and Ultra, among others. Besides its role as the official event media partner, MarketAcross Managing Partner Itai Elizur will be serving as a judge on the awards panel. He will join over 30 other industry creators, investors, and experts who command extensive experience across both the Web2 and Web3 gaming landscapes to evaluate the nominated projects based on the quality of their gaming experiences before voting for the winners. The community and studios will also participate in selecting winners in award categories such as People&rsquo;s Choice, Games&rsquo; Choice, and Best Content Creator. Joining the judging process are Ancient8 Co-Founder Nathan N, Animoca Brands Senior Manager Jesper Lindquist, Avalanche Head of Gaming Edward Chang, Avocado DAO CEO Brendan Wong, BNB Chain Business Development Director John Izaguirre, Fractal Founder Justin Kan, Lv.99 Co-Founder Yoshihisa Hashimoto, Polygon Studios Head of Global Games Urvit Goel, Sfermion General Partner Dan Patterson, Solana Foundation Tech & Product Leadership Matt Sorg, YGG Head of Partnerships Sarutobi Sasuke, and many others. MarketAcross Managing Partner Itai Elizur concludes, &ldquo;The success of Web3 gaming ultimately depends on competing with AAA gaming titles to attract and engage a broader gamer audience. We truly appreciate the approach the GAM3 Awards embodies of basing awards on gameplay instead of tokenomics. While many play-to-earn titles are entering the space, we argue that any Web3 gaming triumph will be the function of great storylines, stunning graphics, and engaging gameplay, which is why this event&rsquo;s core philosophy is so indispensable.&rdquo; &ldquo;We called it the &ldquo;GAME&rdquo; awards, with a 3, to keep the focus on the actual games themselves, get rid of the web3 jargon and negative connotation, while still paying tribute to the underlying web3 tech that we believe will help shape the future of gaming. The GAM3 Awards is set to highlight the high quality of web3 games in the space and showcase the true potential of blockchain technology integration, without jeopardizing the quality of the games themselves.&rdquo; stated Omar Ghanem, Head of Gaming at Polkastarter. About MarketAcross Established in 2013, MarketAcross is an accomplished public relations and marketing firm offering superior global coverage to ambitious blockchain-based projects. Through its ongoing efforts, MarketAcross has collaborated with the industry&rsquo;s leading exchanges and blockchains, including Binance, Polkadot, Polygon, and Solana. In addition to helping clients advance their missions through awareness campaigns, MarketAcross positions clients in front of relevant cryptocurrency and blockchain audiences worldwide. About GAM3 Awards GAM3 Awards 2022 is the inaugural edition of the annual web3 gaming awards. Hosted by Polkastarter Gaming, Polkastarter&rsquo;s first step at reimagining the future of blockchain gaming, which has grown to a community of over 70,000 gamers across the globe. The awards celebrate the highest quality web3 games, with the event boasting industry leaders, ecosystems and media outlets and rewards the top games developers and content creators with monetary prizes and services valued at over $300,000. Learn more: Website | Twitter | Discord | Twitch | YouTubeContactDan [email protected]
27 days agonulltx
Investing Is Hard. Here Is Why Many Chose Oryen Network Over IMPT Or Polkadot, Causing A Quick 2x
Oryen Network has garnered attention in the crypto community following its unique tokenomics, which helps users earn passive money by simply investing in the project. Since the launch of the presale phase, the project has made a significant 100% surge in price, leaving investors with tremendous profits. This factor has encouraged more investors to hop […] The post Investing Is Hard. Here Is Why Many Chose Oryen Network Over IMPT Or Polkadot, Causing A Quick 2x appeared first on NullTX.
29 days agocryptosrus
Polkadot’s latest move could make DOT the SEC’s preferred cryptocurrency because…
Polkadot, in an out-of-the-ordinary tweet, stated that the DOT token, despite being marketed a security, was no longer a security. Instead, it had transformed into a software. Polkadot’s native token (DOT), initially offered, sold and delivered to purchasers as a security, has morphed and no longer is a security. It is software. https://t.co/uv8wc1DbNb — Polkadot […] The post Polkadot’s latest move could make DOT the SEC’s preferred cryptocurrency because… appeared first on CryptosRus.

About Polkadot

The live price of Polkadot (DOT) today is 5.4909 USD, and with the current circulating supply of Polkadot at 1,143,961,461.17 DOT, its market capitalization stands at 6,281,413,596 USD. In the last 24 hours DOT price has moved -0.1037 USD or -0.02% while 67,370,400 USD worth of DOT has been traded on various exchanges. The current valuation of DOT puts it at #11 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 Price5.4909 USD
Market Rank#11
Market Cap6,281,413,596 USD
24h Volume58,065,999 USD
Circulating Supply1,143,961,461.17 DOT
Max Supply1,017,898,802 DOT
Yesterday's Market Cap6,274,599,400 USD
Yesterday's Open / Close5.5887 USD / 5.485 USD
Yesterday's High / Low5.7256 USD / 5.459 USD
Yesterday's Change
-0.02% ( 0.1037 USD )
Yesterday's Volume67,370,400 USD
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