Key Statistics
- Market Cap: $5.48B
- Fully Diluted Market Cap: (Not specified)
- 24h Trading Volume: $274.61M
About Polkadot
Polkadot (DOT) is a multi-chain protocol launched in 2020, often referred to as a "Layer-0" blockchain due to its ability to host an ecosystem of interoperable blockchains. Founded by Gavin Wood (co-founder of Ethereum and creator of Web3), Polkadot enables seamless communication between disparate cryptocurrencies through its parachain architecture.
Core Features of Polkadot:
- Interoperability: Facilitates cross-chain transfers of data/assets.
- Staking & Governance: DOT tokens are used for staking, voting, and bonding (locking tokens to add new parachains).
- Scalability: Supports parallel transaction processing via parachains.
Price Performance
- Current DOT Price: $3.438 (no change in 24h).
- Weekly Performance: +5.76%.
- Monthly Performance: −14.57%.
- Annual Performance: −43.41%.
- All-Time High (ATH): $55.134 (November 4, 2021).
👉 Track real-time DOT/USD price movements
Technical Indicators
| Indicator | Signal | Trend |
|--------------|----------|----------------|
| Oscillators | Neutral | No strong bias |
| Moving Averages | Neutral | Sideways momentum |
| Weekly Outlook | Sell | Caution advised |
Trading Tips:
- Monitor key support/resistance levels for breakout opportunities.
- Use stop-loss orders to manage volatility risks.
Related Cryptocurrencies
Explore other Web3 and interoperability-focused projects:
- Ethereum (ETH)
- Cardano (ADA)
- Solana (SOL)
👉 Compare DOT with top crypto assets
FAQs
1. What drives Polkadot’s price?
- Adoption of parachains, staking demand, and broader crypto market trends.
2. Where can I buy DOT?
- Reputable exchanges like Binance, Coinbase, and Kraken.
3. Is DOT a good long-term investment?
- While DOT has strong tech, always diversify and research market conditions.
4. How does Polkadot differ from Ethereum?
- Polkadot focuses on cross-chain compatibility, while Ethereum emphasizes smart contracts.
5. What’s the best strategy for trading DOT?
- Combine technical analysis with news about parachain auctions and ecosystem upgrades.
Final Thoughts
Polkadot remains a high-potential but volatile asset. Traders should:
- Watch parachain adoption and governance updates.
- Use dollar-cost averaging (DCA) to mitigate risk.
For advanced charts and trading tools:
👉 Analyze DOT/USD with professional insights
Note: This content is for informational purposes only and not financial advice.
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