Review of Polkadot (DOT) Coin: Price, Predictions, Expert Analysis & Where To Buy
What is Polkadot (DOT) coin? In short, it’s a token that lets people run distributed applications on a global computer, the Polkadot network. The Polkadot Network is a superset of the Ethereum and Bitcoin networks. And because Polkadot combines both proof-of-work and proof-of-stake blockchains, no one person or company can control it. Why should you care about this coin? It’s one of the few cryptocurrencies listed on Coinbase and Binance with potential to be a top 10 cryptocurrency in the future. we will cover everything you need to know about Polkadot (DOT) including its price, predictions, experts analysis, and where to buy.
If you want to know more about this coin then keep reading this article!
What Is Polkadot (DOT) Coin?
Before you get too excited about this new blockchain, let me first explain what Polkadot (DOT) coin is. This new cryptocurrency is designed for applications on the Polkadot Network. The network allows you to create decentralized applications that run across the Ethereum (ETH) and Bitcoin (BTC) networks. The application uses its own blockchain, not the two legacy blockchains that power the digital world today.
The network will be decentralized, which means no single person or organization can control it. Since the network is open source, there are no technical restrictions. This means anyone in the world can develop applications and run them on the network. That’s one of the key reasons for its unique blockchain. But, it’s not the only reason. The other is Polkadot’s application.
Why Should You Care About This Coin?
If you’re into blockchain technology and crypto, I’m sure you already know about Ethereum (ETH) or Bitcoin (BTC). And if you’re into blockchain technology, you know the top cryptocurrencies are the ones that are “first to market” with their token sale or Initial Coin Offering (ICO). Those tokens, in turn, allow businesses to use a new technology to create decentralized applications that don’t require users to leave their homes to conduct business. Those applications could be anything from online casinos to Bitcoin-only cold storage. The price of ETH has increased over 975% since the beginning of this year and has emerged as the poster child of a cryptocurrency boom. Another obvious blockchain that you’re probably familiar with is Bitcoin (BTC).
How To Buy A Polakdot (DOT)
Don’t want to buy or invest in Polkadot (DOT)? You can’t. It is not an exchange-traded product (ETP) or exchange-traded note (ETN), which means you can’t trade it on a secondary market. The only way you can buy this coin is to trade bitcoin or ethereum for it. As of June 2018, Polkadot is trading on exchanges under the ticker symbol “PKC.” Ethereum Polkadot is listed on multiple exchanges including: You can buy some Polkadot (DOT) tokens using Bitcoin (BTC), Ethereum (ETH), and/or Litecoin (LTC). This article gives a quick overview of how you can use Coinbase. As of July 2018, the price of a single Polkadot (DOT) is $42.34. Bitcoin The price of a bitcoin is currently $7,679.52, meaning you’ll need to sell about $60,000 worth of bitcoin to buy a single Polkadot (DOT) token.
2018 has proven to be a year of stellar prices for cryptocoins, some even hitting 1,000 per cent gains. Even when all you’re seeing is wild swings, you can get lucky when you buy low and sell high. The following three cryptocurrencies have been in the news recently and their prices have significantly surged. Polkadot (DOT) has been priced at about US$10 since the beginning of December, when it was listed on Coinbase and Binance. If the coin’s early 2019 performance is anything to go by, the current US$36 price could very well rise higher. As of Jan. 4, 2018, it’s a Buy and one of our top 2018 top performers. According to Coindesk, Polkadot’s 5-day performance is 533 percent, up from 34 percent in 2017. Power Ledger (POWR) had a similar explosion in price.
Investment Ideas The bad news is that it’s not for the faint of heart. If you have a little money to invest you might like to check out Ethereum Classic (ETC). It has a smaller market cap than Polkadot (DOT) and has already fallen to the 0.01 cents. Polkadot (DOT) Coin Trading Polkadot (DOT) can be traded on the following cryptocurrency exchanges: Gate.io, OpenLedger DEX, ZB.COM, CoinExchange, Binance, Upbit and Bittrex. It is not presently possible to buy Polkadot (DOT) directly using US dollars.