Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Polkadot Forum => Topic started by: Fariwala on March 07, 2021, 03:47:04 PM
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Polkadot is one of the most promising projects in the crypto space. It is poised to enter and remain as one of the top 5 blockchain projects, and the development that has been going on over the past few months will soon start reflecting in the Polkadot price as well.
Let us review some of the development that has happened in the Polkadot ecosystem in the past few months and how it could affect Polkadot price.
Polkadot Developments:
Many new projects were launched on Polkadot like DOT, REEF, PHA, XFT, BLZ, CRU, REN, OM, AKRO, XOR, etc. In the past 10 days, some of these projects increased by more than 50% in price.
DOT
The transaction speed of Polkadot has reached 1,000 transactions per second. This speed is much higher than BTC (10 TPS), ETH (20 TPS), and PayPal (193 TPS). The next higher TPS is by XRP, which is 1,500 TPS. Solano and VISA provide a very high speed of almost 65,000 TPS.
Transaction Speed
The transaction fee for using the Polkadot blockchain ($0.15) is much lower than the Ethereum blockchain. The Ethereum transaction fee is in double digit or triple digit dollars at times.
More info: https://www.altcoinbuzz.io/reviews/altcoin-projects/polkadot-price-will-dot-cross-100/
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Yeah could be because polkadot is growing fast and the ecosystem is increasing with new projects, dot has a very cheap transaction fee which is part of the reason it becomes more favored, this is a highly potential project and the dev are more dedicated to their work, so I believe dot will reach that price without much difficulties.
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Polkadot price can hit $100 if the utility of the coins will increase and more projects will list on Polkadot ecosystem. If Binance Smart Chain Ecosystem and BNB can $250, Polkadot worths of $100 at present situation. I believe DOT will hit $100 as it's own world is growing faster than Binance Smart Chain and Cardano.