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Polkadot price

Polkadot priceDOT

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Price of Polkadot today

The live price of Polkadot is $8.22 per (DOT / USD) today with a current market cap of $12.58B USD. The 24-hour trading volume is $510.24M USD. DOT to USD price is updated in real time. Polkadot is -4.84% in the last 24 hours. It has a circulating supply of 1,529,699,500 .

What is the highest price of DOT?

DOT has an all-time high (ATH) of $55, recorded on 2021-11-04.

What is the lowest price of DOT?

DOT has an all-time low (ATL) of $2.69, recorded on 2020-08-20.
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Polkadot price prediction

When is a good time to buy DOT? Should I buy or sell DOT now?

When deciding whether to buy or sell DOT, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget DOT technical analysis can provide you with a reference for trading.
According to the DOT 4h technical analysis, the trading signal is Strong sell.
According to the DOT 1d technical analysis, the trading signal is Neutral.
According to the DOT 1w technical analysis, the trading signal is Buy.

What will the price of DOT be in 2025?

Based on DOT's historical price performance prediction model, the price of DOT is projected to reach $10.12 in 2025.

What will the price of DOT be in 2030?

In 2030, the DOT price is expected to change by -1.00%. By the end of 2030, the DOT price is projected to reach $20.73, with a cumulative ROI of +142.29%.

Polkadot price history (USD)

The price of Polkadot is +19.35% over the last year. The highest price of DOT in USD in the last year was $11.88 and the lowest price of DOT in USD in the last year was $3.65.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h-4.84%$8.23$8.95
7d-2.21%$8.23$9.65
30d+41.58%$5.49$11.6
90d+94.98%$3.67$11.6
1y+19.35%$3.65$11.88
All-time+194.99%$2.69(2020-08-20, 4 years ago )$55(2021-11-04, 3 years ago )

Polkadot market information

Market cap
$12,575,725,059.98
-4.84%
Fully diluted market cap
$12,575,725,059.98
-4.84%
Volume (24h)
$510,237,888.53
-14.35%
Market rankings
Circulation rate
100.00%
24h volume / market cap
4.05%
Circulating supply
1,529,699,500 DOT
Total supply / Max supply
1.53B DOT
-- DOT
ICO price
$0.2900 ICO details
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Polkadot ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

About Polkadot (DOT)

What Is Polkadot?

Polkadot (DOT) is a next-generation blockchain protocol connecting multiple specialized chains into one unified network. It was conceptualized and launched by the Web3 Foundation, a Swiss Foundation facilitating a fully functional and user-friendly decentralized web. Its creation was led by Dr. Gavin Wood, one of the co-founders of Ethereum and the inventor of its programming language, Solidity.

Polkadot's fundamental objective is to enable blockchain networks to work together seamlessly, facilitating interoperability. While the current blockchain landscape is populated with numerous isolated blockchains operating independently, Polkadot aims to establish an internet of blockchains, where multiple chains can communicate and transact in a secure, trust-free environment.

This innovative platform is designed to support various blockchains, ranging from public, permissionless networks, private consortium chains, oracles, and other future technological developments not yet known. Polkadot's adaptability is indicative of the platform's vision of a decentralized web, where users are in control.

Resources

Whitepaper: https://assets.polkadot.network/Polkadot-whitepaper.pdf

Official website: https://polkadot.network/

How Does Polkadot Work?

To understand how Polkadot works, we need to be acquainted with its architecture, primarily comprising Relay Chains, Parachains, and Bridges.

Relay Chain

The Relay Chain is Polkadot's heart, responsible for the network's shared security, consensus, and cross-chain interoperability. It verifies and finalizes the transactions from the connected chains, ensuring the overall security of the network.

Parachains

Parachains are individual blockchains that run parallel within the Polkadot ecosystem. Each parachain is unique, tailored with its specific features and applications, and all of them benefit from the security provided by the Relay Chain. Parachains communicate with the Relay Chain and with each other through Cross-Chain Message Passing (XCMP).

Bridges

Bridges are special blockchains that link Polkadot with external networks like Ethereum or Bitcoin, ensuring the interconnectivity of chains across the blockchain sphere, not just within Polkadot.

Polkadot's operations are orchestrated through a sophisticated consensus mechanism, employing aspects of both proof-of-stake and Byzantine fault tolerance. Validators staking the native DOT tokens are selected to produce blocks on the Relay Chain and confirm parachain transactions. Nominators, on the other hand, select trustworthy validators, helping secure the network. Other roles include Collators, who collect parachain transactions and produce proofs for validators, and Fishermen, who monitor the network and report malicious activities.

The DOT Token

The DOT token is the native cryptocurrency of the Polkadot network. It serves multiple purposes within Polkadot’s ecosystem, playing a crucial role in the platform's operation, governance, and security.

Role in Network Operation

DOT tokens are primarily used in the operation of the network. Participants can bond DOT tokens to add new parachains (parallel blockchains) or to engage in other operations. This bonding process is crucial for maintaining the network's overall security and stability.

Role in Governance

The DOT token has a vital role in Polkadot's on-chain governance. DOT holders have the right to vote on proposed changes to the network, including the addition of new parachains and system upgrades. This allows for a completely decentralized, democratic decision-making process where every DOT holder has a voice.

Role in Security

In Polkadot's ecosystem, DOT tokens are also used to incentivize good behavior through a mechanism called staking. Validators stake DOT tokens as a kind of security deposit. Those who act dishonestly or attempt to attack the network will have their stake slashed, losing a portion or all of their staked DOTs. This mechanism helps secure the network against malicious activities.

Role in Interoperability

Finally, the DOT token is used to facilitate interoperability across different chains. Cross-chain transactions often require a native token to process, and in Polkadot's ecosystem, DOT tokens serve this function.

What Determines Polkadot's Price?

The Polkadot price is influenced by a myriad of factors that contribute to its volatility and market value. One of the primary determinants of the Polkadot price today is its utility and adoption within the blockchain ecosystem. Polkadot, often hailed for its multi-chain network capabilities, facilitates cross-chain data and asset transfers. This makes it a cornerstone for interoperability in the blockchain space. Its native token, DOT, plays a crucial role in network governance, staking, and bonding processes. The more projects that build on or integrate with Polkadot, the higher the demand for DOT, which in turn affects its market cap and overall value.

Polkadot's scalability and cross-chain functionality have attracted significant projects to its ecosystem, further driving its utility and, by extension, its price. Therefore, those interested in the Polkadot price forecast should consider these technological benefits when assessing its long-term value.

Another significant factor in Polkadot price prediction and Polkadot price speculation is market sentiment, often influenced by news cycles, technological advancements, and macroeconomic factors. Investor behavior, reflected in Polkadot price charts and Polkadot price analysis, can be reactive to updates about network upgrades, partnerships, and staking rewards. For instance, Polkadot's inflationary monetary policy, designed to incentivize network participation, can dynamically adjust the DOT supply, affecting both short-term and long-term Polkadot price forecasts.

If you're planning to buy Polkadot or are interested in Polkadot's future price, it's crucial to also consider external factors like regulatory news and broader market trends. These external influences can have immediate impacts on Polkadot's real-time price, commonly referred to as the Polkadot price live. Hence, a comprehensive Polkadot price update should consider both intrinsic utility and broader market sentiment to provide a well-rounded view of its current and future price.

Conclusion

Polkadot is more than just a blockchain protocol; it's a vision for a decentralized web where multiple blockchains co-exist and interact seamlessly. By focusing on interoperability, scalability, and a user-centric approach, Polkadot is set to become a vital part of the decentralized future of the internet. The forthcoming sections of this article will delve deeper into each of these aspects, providing a thorough understanding of Polkadot's unique architecture, features, the role of DOT token, and its decentralized governance.

Related Articles about Polkadot

Introduction to Polkadot (DOT)

Polkadot Social Data

In the last 24 hours, the social media sentiment score for Polkadot was 3, and the social media sentiment towards Polkadot price trend was Bullish. The overall Polkadot social media score was 70,031, which ranks 91 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Polkadot being mentioned with a frequency ratio of 0.09%, ranking 30 among all cryptocurrencies.

In the last 24 hours, there were a total of 1,548 unique users discussing Polkadot, with a total of Polkadot mentions of 907. However, compared to the previous 24-hour period, the number of unique users increase by 12%, and the total number of mentions has increase by 26%.

On Twitter, there were a total of 21 tweets mentioning Polkadot in the last 24 hours. Among them, 5% are bullish on Polkadot, 0% are bearish on Polkadot, and 95% are neutral on Polkadot.

On Reddit, there were 18 posts mentioning Polkadot in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 6% .

All social overview

Average sentiment (24h)
3
Social media score (24h)
70.03K(#91)
Social contributors (24h)
1.55K
+12%
Social media mentions (24h)
907(#30)
+26%
Social media dominance (24h)
0.09%
X
X posts (24h)
21
+200%
X sentiment (24h)
Bullish
5%
Neutral
95%
Bearish
0%
Reddit
Reddit score (24h)
9
Reddit posts (24h)
18
+6%
Reddit comments (24h)
0
0%

How to buy Polkadot(DOT)

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Trade DOT perpetual futures

After having successfully signed up on Bitget and purchased USDT or DOT tokens, you can start trading derivatives, including DOT futures and margin trading to increase your income.

The current price of DOT is $8.22, with a 24h price change of -4.84%. Traders can profit by either going long or short onDOT futures.

DOT futures trading guide

Join DOT copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or DOT tokens, you can also start copy trading by following elite traders.

FAQ

How does Polkadot aim to solve scalability issues faced by other blockchains?

Polkadot uses a multi-chain architecture with a central Relay Chain and multiple Parachains. This structure allows for parallel processing of transactions across different chains, increasing the overall capacity and scalability of the network.

What is the primary purpose of Polkadot (DOT)?

Polkadot (DOT) serves as the native cryptocurrency of the Polkadot network, a decentralized platform designed to enable different blockchains to transfer messages and value in a trust-free fashion, aiming to make a web where independent blockchains can share information. DOT tokens have multiple uses within the ecosystem: they provide governance rights to holders, allowing them to have a say in the development and changes to the protocol; they are staked to maintain the network's security and operations; and they can be bonded to connect new chains or parachains to the Polkadot relay chain. Thus, DOT is an essential component in ensuring the smooth operation, security, and interoperability of the Polkadot ecosystem.

What was the price of DOT during its Initial Coin Offering (ICO)?

The DOT token was sold at an initial price of around US$30 during its ICO. However, post-ICO, there was a 100:1 redenomination, effectively making the ICO price US$0.30 per DOT under the new denomination.

Is Polkadot a good investment?

Polkadot (DOT) has established itself as a dominant player in the crypto sphere, securing its spot as the 12th largest by market capitalization as of August 2023. Its strong presence on premier exchanges, including Bitget, underpins its acceptance and high trading liquidity. With an ever-increasing number of connected chains and the addition of parachains, Polkadot is enhancing its ability to interoperate between various blockchains. This development, coupled with the growing interest in Polkadot for Web3 projects, suggests that DOT is not only crucial for the evolving Web 3.0 landscape but also presents a promising investment opportunity, especially as decentralized applications (dApps) become more popular.

How does staking DOT work, and how does it impact its value?

Staking in Polkadot is governed by its Nominated Proof-of-Stake (NPoS) consensus mechanism. The process involves two primary roles: validators and nominators. Validators produce new blocks, confirm transactions, and uphold network integrity by locking up a certain amount of DOTs as collateral. Nominators, on the other hand, don't directly engage in block production but support validators by staking their DOTs on those they trust. Both earn rewards for their roles, but they also face the risk of having their staked DOTs slashed if involved in malicious activities or negligence. The staking process requires DOT holders to "bond" their tokens, rendering them illiquid for a specified period. If they choose to "unbond," there's a waiting period, often 28 days, before the DOTs are available for transfer. The act of staking DOTs can significantly influence its market value in several ways. By staking, a portion of DOT's supply is effectively locked, potentially leading to upward price pressure due to reduced circulation if demand remains steady or rises. Additionally, the prospect of earning rewards from staking provides an incentive for DOT holders to retain their tokens, reducing sell-off tendencies. This dynamic promotes network security as more staked DOTs increase resistance to malicious intent. However, the potential for slashing introduces an element of risk, and any large-scale slashing events might raise concerns about the network's stability, potentially impacting DOT's value negatively.

Can I mine Polkadot?

No, you can't mine Polkadot like traditional cryptocurrencies such as Bitcoin or Ethereum. Instead, Polkadot operates on a Nominated Proof-of-Stake (NPoS) consensus mechanism. Within this system, DOT holders can either become validators, responsible for producing blocks and confirming transactions, or nominators, who support validators with their own DOTs. While validators actively participate in the network's operations, nominators back trusted validators and earn a portion of the block rewards in return.

What is the current price of Polkadot?

The live price of Polkadot is $8.22 per (DOT/USD) with a current market cap of $12,575,725,059.98 USD. Polkadot's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Polkadot's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Polkadot?

Over the last 24 hours, the trading volume of Polkadot is $510.24M.

What is the all-time high of Polkadot?

The all-time high of Polkadot is $55. This all-time high is highest price for Polkadot since it was launched.

Can I buy Polkadot on Bitget?

Yes, Polkadot is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Polkadot guide.

Can I get a steady income from investing in Polkadot?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Polkadot with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

Where can I buy Polkadot (DOT)?

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Bitget Insights

Believehyelda
Believehyelda
1d
which projects deserve attention? wow..
There are several cryptocurrencies that deserve attention, but I'll highlight a few that have shown promise: 1. *Polkadot (DOT)*: A decentralized platform that enables interoperability between different blockchain networks. 2. *Solana (SOL)*: A fast and scalable blockchain platform that supports decentralized applications (dApps). 3. *Chainlink (LINK)*: A decentralized oracle network that provides real-world data to smart contracts. 4. *Cardano (ADA)*: A proof-of-stake blockchain platform that focuses on scalability, security, and sustainability. 5. *Stellar (XLM)*: An open-source, decentralized blockchain network that facilitates cross-border payments a These cryptocurrencies have shown potential due to their innovative technologies, strong development teams, and growing adoption. However, please keep in mind that the cryptocurrency market is highly volatile, and it's essential to do your own research before investing. What specific aspect of cryptocurrencies are you interested in?$AAVE
LINK-3.66%
DOT-3.53%
Shaxy
Shaxy
1d
MicroStrategy eyes massive $100K+ Bitcoin buy as BTC smashes $106K
Michael Saylor, executive chairman of MicroStrategy, has hinted at another Bitcoin [BTC] purchase, suggesting it could be the company’s first acquisition at an average price above $100,000 per coin. This development comes as Bitcoin reached a new all-time high, reflecting strong momentum in the cryptocurrency market. Saylor hints at another Bitcoin purchase Michael Saylor posted on X (formerly Twitter), asking if SaylorTracker, a platform that monitors MicroStrategy’s Bitcoin holdings, was “missing a green dot.” This statement has sparked speculation that MicroStrategy purchased more Bitcoin over the weekend. Saylor has shared similar posts on five consecutive Sundays since the 10th of November. In each instance, a confirmed Bitcoin purchase by MicroStrategy followed the next day. The company previously acquired Bitcoin at average prices of $97,862, $95,976, and $98,783 on three consecutive Mondays from the 25th of November to the 9th of December, according to SaylorTracker data. Bitcoin reaches new ATH The speculation surrounding MicroStrategy’s purchase comes as Bitcoin achieved a record-breaking price of $106,554. As of press time, Bitcoin was trading at $104,958, representing a 3.14% increase in the past 24 hours and a 6.05% rise over the past week.
BTC-2.17%
X-2.50%
0xEric_Carson
0xEric_Carson
2d
DOT/USDT: A Bullish Breakout on the Horizon?
The cryptocurrency market is abuzz with excitement as DOT/USDT forms a bullish symmetrical triangle, signaling a potential breakout. This technical pattern is a strong indication that the cryptocurrency is on the cusp of a significant upward move. The Bullish Symmetrical Triangle A symmetrical triangle is a chart pattern characterized by two converging trendlines, one ascending and one descending. This pattern indicates a period of consolidation, where the price is trapped between the two trendlines. In the case of DOT/USDT, the symmetrical triangle has been forming over the past few weeks, with the price bouncing off the trendlines in a consistent manner. Breakout Confirmation For a breakout to be confirmed, a 4-hour candle must close above the trendline. This would indicate that the bulls have finally gained the upper hand, and the price is ready to make a significant move upward. The expected targets for this breakout are $11.5 to $12, which would represent a substantial gain for investors. Implications of a Breakout A breakout above the trendline would have significant implications for the DOT/USDT pair. It would indicate that the cryptocurrency has finally broken out of its consolidation phase and is ready to start a new upward trend. This would be a bullish signal for investors, who could expect to see further gains in the coming weeks and months. Conclusion In conclusion, the DOT/USDT pair is forming a bullish symmetrical triangle, indicating a potential breakout. A 4-hour candle close above the trendline would confirm the breakout, with expected targets of $11.5 to $12. Investors should keep a close eye on this pair, as a breakout could signal the start of a new upward trend.
DOT-3.53%
MOVE+0.55%
TokenTalk
TokenTalk
2d
My Ideal Target for These coins for Bullrun: $DOGE - $5 $SHIBA - $0.01 $AVAX - $1.5K $ATOM - $200 $DOT - $150 $FTM - $20 $ALGO - $15 $AAVE - $2K $UNI - $300 $QNT - $5K GALA - $5 ENJ - $15 FLOW - $25 ICP - $200 EOS - $10
DOT-3.53%
DOGE-3.12%
Ben__Walther
Ben__Walther
4d
LayerZero — If it starts to pump, it'll be massive! ZRO broke out of a lengthy sideways consolidation just a few days ago. On top of that, the price tested the breakout level successfully and seems to be ready for a massive move. The chart reminds me a lot of $DOT in 2021: a lengthy sideways consolidation, breakout, and massive pump. At that time, Polkadot surged more than 800%. Of course, we can't simply mirror that to ZRO. But the token has a strong community, growing social buzz, and finally, a chart that screams for a push. $ZRO
DOT-3.53%
SOCIAL-1.92%

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