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Polkadot price, market cap on Coin360 heatmap

Polkadot(DOT)

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$9.2485
(2.92%)
0.00038479 BTC
Market Cap (Rank#10)
$10,224,144,590
425,380 BTC
Vol 24h
$250,873,236
10,438 BTC
Circulating Supply
1,105,497,308.79
Max Supply
1,017,898,802
1 day agocointelegraph
Price analysis 8/8: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin price aims to break from its current range and flip $24,000 to support, while altcoins are following the upside move by attempting to confirm their bottoming patterns.
1 day agozycrypto
Bitcoin Races Towards $25,000 As Traders Remain Super Bullish On Cardano, Polkadot, Solana
After a solid monthly close in July, Bitcoin bulls seem to be back in action, determined to push the price towards $25,000 despite various macro uncertainties clamping down volatility.
3 days agocryptodaily
Crypto Weekly Roundup: Nomad Hacked, Solana Wallets Hacked, ZB Exchange Hacked, Saylor Steps Down, SEC Steps Up, And More
It is been a hectic week that saw a handful of multi-million hacks and one of Bitcoin’s biggest evangelists step down from his post. Also, crypto regulations in the US have gone up another notch. Let’s take a look. Bitcoin Michael Saylor, who was serving as the CEO of business intelligence company MicroStrategy, has shifted to the role of Chairman after serving 30 years at the helm. Ethereum As the ethereum inspired rally continues, the image of the long-dreamt of flippening is beginning to be talked about again. The eth merger is also just on the horizon, and should it go well and the sell-the-news event done with, why shouldn’t a newly high-powered ethereum overtake bitcoin in market cap? Coinbase announced in a blog post published on Monday that Coinbase Prime was adding Ethereum to its growing list of staking options for US domestic institutional clients. DeFi The cross-chain token bridge Nomad suffered an exploit on Monday, August 1, with attackers draining the protocol of nearly all its funds. The total value of cryptocurrencies lost to the attack has totaled nearly $200 million. Nomad has announced that it has recovered $22 million. Data from Etherscan showed that Nomad had recovered around $22.4 million (11.4%) of the $190 million that was drained during the hack after the team announced a reward. Post the attacks on Solana, Near Protocol has issued an official disclosure of details into a similar issue, which it claimed was addressed and resolved earlier in June. Altcoins News has emerged that several hackers have targeted the Solana ecosystem, and losses are nearing the billion-dollar mark. The multimillion-dollar Solana Wallet hack has been traced back to a private key exploit tied to the Slope mobile wallet app. Technology Web3 platform Alchemy has marked its entry into the Polkadot ecosystem, announcing a critical partnership with Astar Network, a parachain of the Polkadot network. Once the deal is finalized and implemented, Astar can utilize Alchemy’s node infrastructure. Business The ZB cryptocurrency exchange advertises itself as one of the most secure exchanges in the crypto space. However, despite robust security measures in place, the exchange has become the latest entity in the crypto space to fall victim to the ongoing spate of hackings. According to the latest details available from PeckShield, the exchange has lost around $4.8 million in a coordinated attack. Fashion brand Gucci has announced that it is adding ApeCoin to its list of accepted cryptocurrencies. Beleaguered crypto lender Voyager Digital has been cleared to return some of the customer funds locked up at the Metropolitan Commercial Bank (MCB) by the judge presiding over the company’s bankruptcy proceedings underway in New York. The ruling clears the path for Voyager Digital to return around $270 million of frozen customer funds. Regulations According to a staffer from the office of United States Senator Cynthia Lummis, every exchange in the country, as well as Binance, is reportedly being investigated by the U.S. Securities and Exchange Commission (SEC). Japan’s central bank has put its CBDC pilot on hold, claiming that it requires further exploration and understanding of the market. NFT CEO Zuckerberg announced that Meta is expanding its NFT support for Instagram across international borders to reach users in over 100 countries. Jewelry brand Tiffany & Co. has unveiled its collection of diamond-encrusted and NFT-backed CryptoPunk pendants. 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.
4 days agocointelegraph
Price analysis 8/5: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and most major altcoins have bounced off their strong support levels and may challenge the overhead resistance in an attempt to resume the up-move.
5 days agocoindesk
Michael Saylor Lost Big in the Dot-Com Bubble and Bitcoin's Crash. Now He Aims to Rebound Again
After MicroStrategy's stock collapsed in 2000, now-former CEO Michael Saylor flew under the radar. Crypto changed all that.
5 days agocryptodaily
Alchemy Expands Into Polkadot Ecosystem Via Astar Partnership
Web3 platform Alchemy has marked its entry into the Polkadot ecosystem, announcing a critical partnership with Astar Network, a parachain of the Polkadot network. Once the deal is finalized and implemented, Astar can utilize Alchemy’s node infrastructure. Web3 Projects On The Astar Network According to product manager Mike Garland, integrating Alchemy and Astar will allow developers to create Web3 projects on Astar’s network through the Alchemy application programming interface (API). Alchemy is a powerful blockchain platform that could help advance decentralized application development on Astar through reliable infrastructure and developer tooling. “Alchemy infrastructure makes it easier for developers to build any dApp with infinite scalability, consistency, and reliability. We’re thrilled to combine forces with Astar to foster the importance of building for today and tomorrow, which marks a significant milestone for both companies, and especially the community.” Astar also offers a smart contract service that supports dApps based on WebAssembly and the Ethereum Virtual Machine. It also offers interoperability with other Polkadot parachains and hosts several dApps, including Starlay Finance, ArthSwap, AstridDAO, Sirius Finance, Algem, and Zenlink. Reinforcing The Astar Network The partnership also allows developers on the Astar network to access several features, including Alchemy’s flagship offering, SuperNode, to help meet infrastructure requirements. SuperNode would function as a middleware platform for decentralized applications on Astar, allowing them to stay connected and prevent downtime. Additionally, developers will also be able to access other features such as Alchemy’s Explorer and Mempool Visualizer, which would help developers find any bugs quickly and optimize dApp performance. Alchemy SDK would allow developers to connect an application to the blockchain easily, while Alchemy Notify would provide webhook access to alert users to different events such as mined transactions, dropped transactions, and address activity. These features would make dApp development quick and easy and reinforce Astar Network’s position as the platform to build and create the future of smart contracts for multichain. The partnership will also enable developers to participate in dApp staking, a feature that is native to Astar. The feature allows users to vote for their favorite Astar dApps using the native ASTR token and earn rewards. According to product manager Mike Garland, this feature would allow developers to build applications on the protocol. “Built-In” Support Alchemy underlined its enthusiasm to support Astar because it offers built-in support for developers who are looking to build on the chain, with Garland stating, “Jumping in and helping bootstrap that ecosystem with our product as well, I think, is going to go a long way.” CEO and Founder of Astar Networks, Sota Watanabe, also underlined the importance of the partnership to support developers and the developer ecosystem, stating, “Supporting the developer ecosystem is Astar’s driving motivation. By partnering with Alchemy and making their blockchain engine available to Astar developers, we will bring even more innovation and growth to the builder community.” 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.
6 days agocryptosrus
Polkadot Just Got A Big Web3 Development Boost
Polkadot has been quiet of late, but things are starting to look up for the interoperability protocol with a big web 3 development boost.  Covered: Alchemy Partners With Astar Polkadot Astar: Parachains And Interoperability Alchemy Partners With Astar 1/ We're Happy to Welcome @AlchemyPlatform to the #Polkadot Ecosystem! ❤️
6 days agocointelegraph
Price analysis 8/3: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and most major altcoins are witnessing buying near strong support levels, indicating a bullish sentiment.
6 days agocoindesk
Alchemy Integrates Astar Network to Support Web3 Developers in Polkadot Ecosystem
The Astar network’s dApp staking feature will encourage developers to build on the chain to earn rewards in its native token.
7 days agocryptopotato
Alchemy and Astar Network Combine Forces to Boost Web3 Development on Polkadot
The collaboration is expected to help bring even more incentives and innovation to the Polkadot ecosystem.
7 days agocryptodaily
Predicted to be the best investment of 2022, Degrain (DGRN) beats Polkadot (DOT) and Tron (TRX) off the blocks
The cryptocurrency market has experienced an exponential expansion in recent years. As a result, there are now new economic prospects and rules. Numerous projects have been developed to address the different issues that the conventional financial system faces. For many altcoins, the present bear market has been crucial. Despite the downward trends experienced by Tron (TRX) and Polkadot (DOT), initiatives like Degrain (DGRN) appear to have a significant amount of potential. Polkadot (DOT) sees investors buy in Degrain presale Over the past 24 hours, Polkadot's chart has seen a 4 percent increase. DOT maintained a positive outlook throughout the past week, with a 7% gain in its value. Bulls are currently being held in place by the price momentum. The bulls have recovered strength after overcoming the $8 tight resistance. The technical forecast also predicted a favorable price movement for DOT. The altcoin's buying power has also increased, which has led to price growth. Polkadot could easily break over its next barrier level if market demand is steady. At the time of writing, the price of DOT was $8.15. The altcoin has succeeded in breaking over its difficult $8 resistance level. Tron (TRX) won’t see any real rises until mid 2023 Tron (TRX) has outperformed its previous performance and has increased by 15% during the last five days. At 0.000002895 BTC, the TRX/BTC pair shows a rise of 0.28 percent. The daily price data shows that the cryptocurrency is now moving through an upward wave. The price was affected by an evident power struggle between the bulls and the bears, but neither side could achieve a gripping market control. Currently trading at $0.071, the TRX currency has had a market cap gain of 3.46 percent. The coin displays a trading volume of 557 million, indicating a loss of 22.18 percent over the last day. The altcoin now has a 6.5 billion market cap overall. Degrain (DGRN) likely to be the best investment of the year Among the most popular cryptocurrencies this year is Degrain (DGRN). Why? The fact that even the formidable OpenSea has fallen short of the Degrain (DGRN) platform's ambition to establish itself as the first cross-chain NFT marketplace By offering users lower transaction costs, adequate security, and complete decentralization, Degrain (DGRN) is compensating its early investors. After the first phase of the presale sold out two weeks ahead of schedule, the asset is now in the second phase with a value of $0.06. Many crypto analysts predict a gain of over 8,000% before the end of the year. The team won't be allowed to sell any of its tokens for a year, and for ten years, liquidity will be frozen. According to us, this will be the wisest investment for 2022. Website: https://degrain.io Presale: https://presale.degrain.io Telegram: https://t.me/degrainio Twitter: https://twitter.com/degrainio 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
Polkadot 'cup and handle' setup sees DOT price 50% higher by September
DOT could witness an increase in demand after Polkadot's launch of an intercommunication blockchain tool.
8 days agocryptopotato
Crypto Markets Lose $50B in 2 Days as Bitcoin Slides Below $23K (Market Watch)
Polkadot is among the most substantial losers today and the total market cap is down to just over $1 trillion.
8 days agocryptodaily
Coinbase Prime Brings Ethereum Staking To US Institutional Clients
Coinbase announced in a blog post published on Monday that Coinbase Prime was adding Ethereum to its growing list of staking options for US domestic institutional clients. This offering allows another avenue for financial institutions who wish to enter the crypto space but are unsure how to do it. Another Option For Institutions Coinbase’s new offering gives institutions that have been eying the crypto industry’s burgeoning growth another crypto on-ramp to enter the space. The option of staking and generating yield could interest larger firms looking to park their funds and accrue interest. Apart from Ethereum, Coinbase Prime will also be offering staking tokens for other blockchains such as Polkadot, Solana, Cosmos, Tezos, and Celo. Interested clients will be able to create a wallet, decide the amount they wish to stake, and initiate staking through their Coinbase asset page on their Coinbase Prime account. Coinbase will hold the withdrawal keys in the company’s cold storage custody vault, and staking transactions would be required to reach a consensus before execution. Much Ado About Staking Staking offers passive income on assets already held in custody by allowing them to provide valuable work in the form of security to the blockchain. Ethereum rewards stakers that act in the network’s best interest and punishes those that act against the network or fail to secure the network for any reason. This makes it essential to stake with a reputable staking partner that could help to minimize risk while maximizing rewards. Staking assets can be compared to earning compound interest. However, this is different from traditional markets when dividends are reinvested. Staking rewards are paid in the form of the token that users have staked, and users will be able to reinvest these tokens, earning a significantly higher payout. The staked tokens are also typically stored in their respective wallets allowing users to earn yield without rehypothecation. Ethereum’s Shift To Proof-of-Stake With the Ethereum blockchain transitioning to the Proof-of-Stake consensus algorithm, validators who have staked ETH will replace miners in running and securing the Ethereum network. As a result, staking will be playing a significant role in the blockchain’s future, and there could be a significant increase in rewards accrued through staking. Coinbase had predicted at the beginning of the year that it expects ETH staking rewards to hit 12% APR once the merge had been completed. At the time of writing, data from StakingRewards shows that yields on staking pools had an average reward of 4.08%. 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.
8 days agocryptodaily
BinaryX Releases RhinoX Whitepaper Detailing New Key Features of its Ecosystem
Singapore, Singapore, 2nd August, 2022, ChainwireBinaryX, a leading P2E game development company, has released the official whitepaper for Rh!noX, a collection of 10,000 NFTs enabling holders to use their assets as avatars on various GameFi and DeFi applications on the BNB Chain. The Rh!noX NFT series gets its inspiration from Soulbound items in the World of Warcraft game and aims to be the first-ever Soulbound Token on the BNB chain. Moreover, the collection links the holders' NFTs to their interactions, thus developing them into unique assets. Above all, it provides them with numerous perks, such as access to beta tests for games, NFT whitelists, projects, new tokens on BNB Chain, and more. The team spent several months improving the project’s vision and roadmap, now available in a new and enhanced whitepaper. For the first time, readers can explore the full functionality of Web3.0 and understand the underlying mechanisms, possibilities, and features of Rh!noX. Here’s a short summary: The Rh!noX Soulbound Token Analytic System This feature will calculate the credit score of a wallet depending on its owned amounts and trading history. It works similarly to a credit card company’s standard credit calculation system. Simply put, it determines the perks a user is eligible for, depending on his creditworthiness. The system will categorize Rh!noX owners into different tiers with distinct benefits. For example, members of the highest tier will enjoy more perks than those in the levels below, with the number and quality of perks decreasing with each tier. A good credit score will reward NFT holders with numerous advantages, such as: ● VIP treatment ● Exclusive Airdrops ● Airdrops from different projects ● Closed-beta entry/Early access to DeFi project/Whitelist Slot ● Discounts on processing fee ● Unsecured Loan ($RUSD) The latter is a loan that doesn't require collateral. Also, the maximum amount a user can request depends on their credit rating. The initial fund for the unsecured loan will come from Rh!noX Treasury and represents the income from selling Rh!noX NFTs. Lastly, the loan amount will affect the interest rate and will be collected in $RUSD. Trading Rh!noX NFTs will not impact the credit rating of their respective owners. Furthermore, the accumulated credit score is connected to an Rh!noX NFT and could be transferred to another user. Multidimensional Behavior Analysis Model The system has an in-built cohesive analysis model studying the NFT owner's characteristics, personality, and reliability. To reach this conclusion, the system will consider the wallet’s address and interactions, such as: ● Trading History ● On-chain Behavior ● Project Preferences ● Asset Portfolio ● Liability Status ● Attended Campaigns & Events ● Airdrops History Ultimately, this list will expand to include more factors without sacrificing the anonymity of web3.0 technology. Here is a use case of this analysis model. Rh!Drop With Rh!Drop, developers can target on-chain users depending on asset values, interests, trading styles, credit ratings, etc. This feature will be an on-chain airdrop targeting service and the primary tool for on-chain project developers. For example, they can use it to deliver airdrops to target receivers matching specific criteria. To better understand the idea, think about Google Ads. Google Ads distributes customized advertisements to selected users based on their past behaviors on the internet. The suitable ads will be served to the right target audience. Rh!noX works similarly. In simple terms, this does not only benefit project owners but also every user on Web3. Project owners & developers could improve their project awareness and expand their communities easily after identifying the right audience for their projects. At the same time, common users would enjoy the airdrops from different projects or even early information without having to do any additional tasks as long as their overall credibility and ‘personal profile’ are good. Sociality of Rh!noX NFT The project also comes with various social features, such as: Social Identity Rh!noX Official will verify the individuals’ background. Also, it will allow users to identify the other person's trustability depending on the data the Soulbound Token collects. This way, future Web3.0 users can visit the profile of a wallet address and identify essential details, such as capital level, project preferences, active areas, trading style, etc. This tool also eliminates fake IDs, false claims over assets, and more. Its level of transparency will be accessible to everyone. For instance, if a user has more than 10,000 $BTC in a wallet, it will receive the "BTC Whale" title, which should tell developers everything they need to know about this individual. Rh!neT This feature will operate like a web3.0 networking platform, enabling users to check someone’s profile, social status, social network, send instant messages, etc. Its main goal is to help users connect and build a community on transparency, credibility, and high-quality identity. About Rh!noX Team Rh!noX has extensive experience in the blockchain industry, traditional game development, and game publishing (learn more about BinaryX). The core team members are from Silicon Valley and participated in the development of the early BNB Chain and Polkadot chain and have made outstanding contributions to the development of the industry. One thing worth mentioning is that before entering the blockchain industry, the team worked in the financial services industry, that's providing loans, mortgages, and wealth management services for many years. Backed by this unique experience, Team Rh!noX fully understands every financial feature of NFT and lays a good foundation for the real-life application of Rh!noX NFT. Team Rh!noX holds a firm conviction that there is a huge and undiscovered space for what NFTs could become and that NFTs should have more than just showing artistic value and signaling wealth. It was when the team couldn’t stop questioning themselves: What if NFTs could work as certificates? What if NFTs could represent one’s credibility? What if NFTs could work like a Digital Mastercard? What if Rh!noX could build the foundation of social relationships of trust? By solving these questions and putting these ideas together, a wider door will be opened to blockchains, and the ecosystem will become more than just about money, but trustable and fun to stay in. Despite the bearish market, the team believes it is the right time to develop and expand the project to benefit its users. To this end, they added new members and planned future collaborations with other projects to increase the practicality of the Rh!noX ecosystem and beyond. As a result, Rh!noX stands out from the growing crowd of NFT projects, which often lack utility and long-term sustainability. Rh!noX’s utilities aim to cover the entire Web3.0 in the future, not just on the BNB Chain, as it’s the only way to maximize the functionality of Soulbound NFT. Up to this day, Rh!noX has achieved the following achievements after its first auction sale: Rh!nox: Sold out in Dutch Auction Sold out 10000 units at 9BNX in 4 hours Rh!nox: Most-traded NFT Collections On Binance NFT Marketplace Listed in June and achieved $1.5m trade volume in the last 7D For more information about Rh!noX visit: Website | Twitter | Medium | Discord ContactsChun [email protected]
8 days agocointelegraph
Price analysis 8/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and most major altcoins have been rejected by resistance, hinting at a few more days of consolidation.
9 days agocryptodaily
Web3 Generation of Inspiring Leaders — Who Are They?
Web3 doesn’t seem like science fiction anymore. With every new DeFi, blockchain, or crypto project, we’re getting closer to making Web3 a reality. Of course, getting there requires more than great technology. It also involves having great people and entire organizations working on it. It takes brilliant minds and inspiring leaders to make this world a better place and harness the power of the decentralized internet. Therefore, instead of showcasing the projects, we’re going to focus on the people, their visions, and their beliefs. Most importantly, we’ll cover how they contribute to our road to Web3. Gavin Wood Gavin Wood is the person who first came up with the term Web3. Even though he worked on Ethereum at first, he quit his job and started focusing on a project that would actually be relevant to Web3 — Polkadot. Wood believes we will achieve a more democratic and decentralized version of the internet, and his Polkadot aims to do just that by solving the interoperability issue among blockchains and making all chains connected, allowing transactions to take place cross-chain. Vitalik Buterin Vitalik Buterin is the mastermind behind the Ethereum network, essentially the first blockchain-based decentralized network used for something beyond cryptocurrencies — decentralized apps. Even though Buterin has never been as vocal about Web3 as his former colleague Gavin Wood, we must emphasize Ethereum’s overall contribution to bringing Web3 closer. Some of the most important projects designed with Web3 in mind are built on the Ethereum network, making Ethereum and Buterin integral parts of the mechanism that is currently being built. Sergey Nazarov Sergey Nazarov built Chainlink, which contributes to the idea of Web3 in a unique way: it aims to connect smart contracts (which exist on blockchains) with off-chain data and services. In a way, it links the blockchain and non-blockchain world. It’s a stepping stone for organizations that want to transition to the decentralized space and kickstart their journey there. Nazarov is an enormous Web3 enthusiast and has repeatedly shared his excitement about Chainlink supporting various Web3 projects. As Chainlink’s popularity has skyrocketed recently, Nazarov became a prominent figure in the blockchain space. Charles Hoskinson Charles Hoskinson was a co-founder of Ethereum, along with Gavin Wood and Vitalik Buterin. Like Wood, Hoskinson decided to quit working for Ethereum and started his own blockchain network called Cardano, which also became a popular cryptocurrency. Cardano was the first network to use the popular proof-of-stake consensus mechanism, which was very different from what Ethereum and Bitcoin were using — proof-of-work. PoS was a significant step toward Web3. Described as a technology entrepreneur and mathematician, Hoskinson is also a big Web3 and blockchain enthusiast. He even gave a speech at the World Economic Forum in Davos about how blockchain will impact society. Theresia le Battistini Theresia le Battistini’s bio states that she is a big believer in Web3 and the equality of opportunity, which led to her founding Fashion League (FL), a Web3 platform targeting female gamers. She is bringing Web3 closer to female gamers, who will have a unique opportunity to enjoy all the benefits of a decentralized web. For example, FL lets you become your own fashion designer, enabling any user to turn their designs into NFTs. In short, Battistini has found a way to onboard interested parties from Web2 to Web3 in a fun and engaging way. FL uses gamification to make Web3 easy to understand and adapt to. Justin Sun Justin Sun is the founder of Tron, a decentralized platform similar to Ethereum that supports smart contracts and is based on proof-of-stake. He is widely regarded as one of the most influential figures in the crypto and blockchain space, and he is also known for sharing his opinions which could be quite controversial at times. Still, when it comes to Web3 and decentralization, Sun agrees that it’s the only logical future for humankind. Final Thoughts To sum up, a world where Web3 is the only type of internet available is a fairer world where every individual has more control over their data. We’re not there yet, but all the most influential figures in the crypto and blockchain space agree that we’re moving forward and are slowly experiencing the benefits of a decentralized internet. 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
9 days agocryptopotato
Bitcoin Closes July Green, Polkadot (DOT) Soars 7% Daily: Market Watch
Filecoin is once again the best performer from the lower-cap alts, while Polkadot has surged the most from the larger caps.
11 days agocointelegraph
Price analysis 7/29: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin price has hit resistance at the $24,000 level, resulting in a slight pullback in select altcoins. Is the rally over?
13 days agocointelegraph
Price analysis 7/27: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and altcoins surged ahead of today’s FOMC meeting, but will the expected 75 basis point rate hike cap the current rally?
15 days agocryptodaily
Degrain (DGRN) sold all Phase One presale tokens and likely to overtake Polkadot (DOT) and Polygon (MATIC)
Nearly two decades ago, when blockchain technology was only a young idea, and many people still didn't believe in it, the world first learned about crypto tokens. Today, it's impossible to ignore how the blockchain revolution has transformed the world of finance and investing. By investing money in this specialized asset class, investors can benefit from greater data privacy, steady returns, and reward programs, among other things. If you are a beginner, you can begin investing in top-performing cryptocurrencies for presale like Degrain (DGRN) which is predicted to overtake Polkadot (DOT) and Polygon (MATIC) in 2023. Polkadot (DOT) sees old investors sell to buy into Degrain Polkadot, a system built on the next generation of blockchain technology, is known for connecting a network of customized blockchains and providing smooth interoperability at scale. It has several use cases because Polkadot (DOT) enables the processing of various types of data between these blockchain systems. Polkadot makes it easier to access decentralized crypto marketplaces with the help of its features. Users don't have to contend with difficulties like scalability, updates, governance, interoperability, and heterogeneous sharding because Polkadot (DOT) capabilities outweigh those of legacy systems. For staking and other transactional needs within the Polkadot ecosystem, Polkadot features a native token called DOT. Polkadot (DOT) is currently trading at $7.05 and seems it may not have much movement for the rest of 2023. Many Polkadot (DOT) investors have begun to sell to buy into the presale token that is quickly becoming known by many called Degrain (DGRN). Polygon (MATIC) need to up their game to stay at the top Polygon (MATIC), established in 2017, has been actively developing Web3 applications and cryptocurrency platforms, facilitating access to the possibilities of these two technology spheres. Its native token, MATIC, can be utilized for many things, including voting, engaging in reward schemes, and staking. For its developers, Polygon (MATIC) offers various scaling options. These include the Polygon Edge, which aids in creating scalable frameworks for launching blockchain-based networks compatible with Ethereum. Polygon (MATIC) Avail, which serves the requirements of independent blockchain networks, is another option. Degrain (DGRN)has become the most talked about crypto Degrain (DGRN), a novel NFT protocol, will offer previously unheard levels of compatibility. It will run a cross-chain NFT trading system with a participatory strategy. Investors find Degrain (DGRN) more enticing because of its ability to effortlessly interact with other blockchain networks, which gives it a significant advantage. Following the wildly successful start of its ongoing pre-ICO event, Degrain (DGRN) has already dispelled any lingering reservations about its ability to succeed. The project had an alarmingly rapid sales pace, selling out its entire first phase allotment in less than two weeks. Crypto experts forecast that by September 30, when the second part of the presale officially ends, the market value of Degrain will climb by 6500%. To fully utilize the potential of NFTs and disperse these revenues to token stakes, Degrain (DGRN) intends to collaborate with real businesses. Degrain is the future of NFTs, according to several experts who have stated that it is more than just an NFT platform. With liquidity locked for ten years and the team being unable to sell their tokens for a year after launch, alongside the smart contract fully audited this is a safe investment which we like to see in the crypto space. The team at Degrain (DGRN) have done fantastic, having only launched less than three weeks ago. We feel it's only fair to give our pick of the month for the best investment to Degrain. You can find out more about how to enter the presale below. Website: https://degrain.io Presale: https://presale.degrain.io Telegram: https://t.me/degrainio Twitter: https://twitter.com/degrainio Disclaimer: This is a sponsored pressrelease andis 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.
15 days agocointelegraph
Price analysis 7/25: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and most major altcoins have dipped to their immediate support levels, indicating that bears remain active at higher levels.
18 days agocointelegraph
Price analysis 7/22: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Traders are still buying BTC and major altcoins on each dip, but selling near overhead resistance could be a sign that price action will remain range-bound in the short-term.
19 days agocryptopotato
Ethereum Retests $1,600, ApeCoin Skyrockets 17% Daily (Market Watch)
The crypto markets are back in green, led by substantial gains from Ethereum, Polkadot, Avalanche, and ApeCoin.

About Polkadot

The live price of Polkadot (DOT) today is 9.2485 USD, and with the current circulating supply of Polkadot at 1,105,497,308.79 DOT, its market capitalization stands at 10,224,144,590 USD. In the last 24 hours DOT price has moved -0.361 USD or -0.04% while 235,699,260 USD worth of DOT has been traded on various exchanges. The current valuation of DOT puts it at #10 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 Price9.2485 USD
Market Rank#10
Market Cap10,224,144,590 USD
24h Volume250,873,236 USD
Circulating Supply1,105,497,308.79 DOT
Max Supply1,017,898,802 DOT
Yesterday's Market Cap9,851,265,000 USD
Yesterday's Open / Close9.2748 USD / 8.9138 USD
Yesterday's High / Low9.4143 USD / 8.7032 USD
Yesterday's Change
-0.04% ( 0.361 USD )
Yesterday's Volume235,699,260 USD
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