Polkadot Trading 8.4% Lower Over Last Week (DOT)

Polkadot (DOT) traded down 2.8% against the dollar during the one day period ending at 11:00 AM Eastern on November 3rd. Polkadot has a market capitalization of $5.68 billion and $141.81 million worth of Polkadot was traded on exchanges in the last day. One Polkadot coin can now be bought for about $3.75 or 0.00005478 BTC on popular exchanges. During the last seven days, Polkadot has traded down 8.4% against the dollar.

Here is how similar cryptocurrencies have performed during 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 2.2% lower 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 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 1.4% against the dollar and now trades at $68,305.26 or 0.99751479 BTC.
• SolvBTC (SOLVBTC) traded 1.5% lower against the dollar and now trades at $68,292.82 or 0.99733300 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Polkadot Profile

Polkadot’s launch date was August 18th, 2020. Polkadot’s total supply is 1,513,701,840 coins and its circulating supply is 1,513,508,255 coins. Polkadot’s official Twitter account is @polkadot and its Facebook page is accessible here. The official website for Polkadot is polkadot.network. Polkadot’s official message board is forum.polkadot.network. The Reddit community for Polkadot is https://reddit.com/r/polkadot and the currency’s Github account can be viewed here.

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 purchase alternative cryptocurrencies such as Polkadot directly using US dollars. Investors seeking to trade Polkadot should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Polkadot using one of the exchanges listed above.

DOT/USD price chart by TradingView