Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Polkadot Forum => Topic started by: Malam90 on March 12, 2021, 02:46:55 AM
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Polkadot is a very trendy digital coin that comes up every time you google “what cryptos to invest in”. A new Swiss-born altcoin everyone loved, Polkadot (DOT), also referred to as “blockchain of blockchains” got the reputation of an Ethereum killer.
Yet little known Polkadot, has gained a lot of attention recently, having jumped from $9.14 on January 1, 2021 to $40.77 on February 20, 2021. At the moment of writing DOT was trading at $38.75, which is still a 323.9 per cent increase since the beginning of the year.
DOT/USD
Developed in 2016, Polkadot is designed to build a forum that allows different blockchains to engage with each other. The main idea behind Polkadot is to create a completely decentralised Internet 3.0.
With the ambition to become the major platform for smart contracts, the project is noteworthy due to its interoperability, meaning it can be used with other tokens and cryptocurrencies, and it can be upgraded without forks.
What makes Polkadot so popular and positions it as a major rival to Ethereum? If we imagine that Ethereum is a highway, then programmes created on it have to pay a GAS price as a traffic charge. Continuing the analogy, Polkadot represents multiple highways, where each can serve a particular purpose for particular application.
Polkadot: a blockchain for blockchains
According to Derek Yoo, CEO of PureStake: “Most of the people using Polkadot are developers. They are building new blockchains or new decentralised applications and finding ways to link existing chains to Polkadot’s new way of doing things”. If developers are enthusiastic about it, so are traders. Source Link
(https://capital.com/best-cryptocurrencies-to-invest-in-spring-2021)
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As a new project polkadot doing well & compered to ETH is the big achievement of this project. Many people’s are saying that polkadot is the blockchain for blockchains. So it is very clear that in this year polkadot got a massive intention of crypto community & it Will be continue.
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Polka dots are very good to maintain because they are very different from other altcoins.
Then the price also doesn't experience a very sharp decline when all cryptocurrency prices go down and this is a certain good point Polkadot has.
At least we have to set aside 10% of our capital for HodL Polakdot because in the future maybe the coin will go to the Moon.
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I have heard good reviews about polakdot current and anytime. I have heard stories of investors benefiting. The cryptocurrency market is always getting much better. When the price of much smaller coins rises.Every cryptocurrency user is benefiting a lot by investing and trading in dot. So dot is very popular now for trade. Various official news helps to increase the popularity.