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Intro of Polkadot: Polkadot is a next-generation blockchain protocol that connects multiple specialized blockchains into one unified network. It aims to achieve scalability, interoperability, specialization, self-governance, and easy upgradability for blockchain networks. Polkadot was founded by the Web3 Foundation, an organization dedicated to building a decentralized and fair web.
Polkadot is designed to enable a web that returns control to individuals over internet monopolies, by allowing diverse and independent blockchains to work together in harmony. Polkadot is also a platform for innovation and experimentation, where teams can test new ideas and technologies in a secure and interoperable environment.
The current price of Polkadot: The current price of Polkadot (DOT) is US$7.66 as of January 05, 2024. The 24-hour trading volume is US$362,797,410 and the market cap rank is #11. The 24-hour low and high prices are US$7.55 and US$7.99, respectively. The 1 month low and high prices are US$5.93 and US$9.58, respectively.
Price history of Polkadot: Polkadot is a cryptocurrency that aims to enable interoperability and scalability among different blockchains. It was launched in August 2020 and has a current market capitalization of about $8.2 billion. the highest price that Polkadot reached was $49.69 on May 15, 2021, and the lowest price was $2.69 on September 5, 2020. The Polkadot price as of January 2, 2024, was $8.59, which represents a 2.39% increase from the previous day.
Latest News of Polkadot: Astar Network (ASTR), a parachain protocol on Polkadot, has seen a 25% price increase in the past 24 hours and a 129% increase in the past month, as it attracts more users and developers to its platform. Astar offers a scalable and interoperable environment for decentralized applications (DApps), especially in the non-fungible token (NFT) and gaming sectors. Astar also has a roadmap to upgrade its network to Astar 2.0, which will introduce new features and improvements. Analysts predict that Astar could outperform Polkadot by 129% in 2024, as it leverages its technological and community advantages.
Price prediction of Polkadot: Polkadot price prediction suggests that DOT could increase by 54.4% in 2024. If the market stays bullish, DOT could trade at US$14.14 by the end of 2024. However, the price of Polkadot's native token can also be affected by bearish signals. In that scenario, DOT will be trading at US$12.36 by the end of 2024.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
