Polkadot Reaches Self Reported Market Capitalization of $6.58 Billion (DOT)

Polkadot (DOT) traded up 0.6% against the U.S. dollar during the 24-hour period ending at 12:00 PM E.T. on October 15th. One Polkadot coin can now be purchased for $4.37 or 0.00006622 BTC on popular cryptocurrency exchanges. Polkadot has a market cap of $6.58 billion and approximately $192.23 million worth of Polkadot was traded on exchanges in the last day. In the last seven days, Polkadot has traded up 6.4% against the U.S. dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 4.4% against the dollar and now trades at $0.0477 or 0.00000073 BTC.
• P2P Solutions foundation (P2PS) traded 2.5% lower against the dollar and now trades at $166.34 or 0.00252064 BTC.

About Polkadot

Polkadot was first traded on August 18th, 2020. Polkadot’s total supply is 1,505,981,565 coins. Polkadot’s official Twitter account is @polkadot and its Facebook page is accessible here. The Reddit community for Polkadot is https://reddit.com/r/polkadot and the currency’s Github account can be viewed here. The official website for Polkadot is polkadot.network. Polkadot’s official message board is forum.polkadot.network.

According to CryptoCompare, “Polkadot is a blockchain network that allows users to launch and operate their own blockchains, called parachains, on top of the main Polkadot blockchain, called the relay chain. The relay chain does not support smart contracts, but parachains can. This allows for a growing ecosystem of blockchains with varying features and secure transactions, all using the resources of the relay chain. Polkadot also includes bridges to allow interaction with other blockchains, such as token swaps without a centralized exchange. The native cryptocurrency, DOT, serves as the governance token, allowing holders to stake and vote on network upgrades and participate in governance. Staking DOT also yields returns and can be bonded to secure a parachain slot. The project was founded by Ethereum co-founder Gavin Wood and is overseen by the non-profit Web3 Foundation, which maintains the open-source code and allocates funds for development.”

Buying and Selling Polkadot

It is usually not possible to buy alternative cryptocurrencies such as Polkadot directly using US dollars. Investors seeking to acquire Polkadot should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Polkadot using one of the exchanges listed above.

DOT/USD price chart by TradingView