Polkadot Price Prediction: DOT is at Risk of a Major Pullback

[Goldlife]

The Polkadot price has not been spared by the ongoing cryptocurrencies sell-off. The DOT price is trading at $33.69, which is 12% below yesterday’s high of $38.51 and 20% below its all-time high.

The background: Polkadot is a fast-growing blockchain project that was created by the co-founder of Ethereum. The two projects are similar in that they help developers build decentralized applications like DEXes and lending platforms.

Most importantly, it offers interoperability to other blockchains. This aspects help to improve its scalability, isolatability, and security. Indeed, many developers have now shifted to the network. Some of the most popular projects built on the Polkadot network are Edgeware and Kusama.

more info: https://www.google.com/amp/s/www.investingcube.com/polkadot-price-prediction-dot-is-at-risk-of-a-major-pullback-cryptocurrencies/amp/