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    Polkadot - the rising altcoin for your portfolio

Polkadot - the rising altcoin for your portfolio

Polkadot, with its unique approach, comes to the rescue as a platform that allows diverse blockchain to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is ...

Jay Sharma

10 minutes

The crypto space is a multi-chain universe with the presence of over a thousand specialized public blockchain. However, they have problems talking to each other and thus interoperability has been a major hindrance in this space, rendering the crypto market look even more fragmented than it actually is.

What is Polkadot?

Polkadot, with its unique approach, comes to the rescue as a platform that allows diverse blockchain to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi-chain technology. Polkadot is heterogeneous because it is entirely flexible and makes no assumption about the nature or structure of the chains in the network.

Polkadot Price Analysis

Source Santiment, twitter

According to a recent analysis by Santiment, Polkadot has been decoupling from the crypto markets, due to the development activity taking place in its ecosystem. Additionally, a host of other happenings in the space has kept DOT in the news lately. This has enabled its recent 20% growth in value performance.

 tradingview

Coinbase Listing Boost

Coinbase’s pro trading platform recently added DOT, the native currency of the Polkadot blockchain on their network. For a brief period, Polkadot’s native token did witness a price surge, but couldn’t sustain the same for long. What’s more, over 65% of DOT’s active supply has already been staked since May and only 30% of DOT now remains in circulation.

Looking at the big picture, Polkadot has been steadily growing and is expected to grow further in the near future. According to DigitalCoinPrice, DOT’s price is set to rise by the beginning of 2022. Its price in January ’22 would breach the $40 mark and is likely to be a “profitable investment” based on their forecast.

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Written By

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Jay Sharma

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Jay is a seasoned crypto entrepreneur and technology innovator. As the Founder and CEO of Botsfolio, he has been at the forefront of the blockchain revolution since 2017. His practical experience extends to the technical nuances of crypto mining, having successfully built and managed a substantial GPU mining operation. Jay developed a groundbreaking decentralised application for fractional real estate NFTs. This innovative project garnered significant recognition. Through his hands-on experience and analysis, he aims to provide valuable guidance and empower others to navigate the dynamic crypto landscape.

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The content, portfolios, and insights presented on this platform are provided for informational purposes only and do not constitute financial, investment, or trading advice. Kribx Inc. and its affiliated influencers are not registered investment advisors or broker-dealers. Cryptocurrency trading involves substantial risk and may result in the loss of capital. Users are solely responsible for their trading decisions. Past performance is not indicative of future results.

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