Polkadot is the tenth-largest cryptocurrency by market cap. It’s changing hands for $31.47 today with a 24-hour trading volume of $1.75 billion. Polkadot is one of the biggest top 10 winners with value growth of 7.33% in the last 24 hours. If you’re interested in unique features and want to know more about Polkadot, we wrote this guide just for you.
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What is Polkadot?
Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community.
Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services.
Should I buy Polkadot today?
Never make any investment decisions lightly. Read analyses and price predictions and take all recommendations with a grain of salt.
Polkadot price prediction
The DOT coin price prediction from Wallet Investor was bearish for the short-term, predicting that the price could average $25.73 by the start of 2022. Apparently, they were mistaken. Looking further ahead, they predicted it would climb to $51.4 by the end of 2022 and $129 by the end of 2025.
DigitalCoin’s Polkadot prediction estimated that the coin price could average $41.7 in 2022 and rise to $43.6 in 2023 and $52 in 2025. By 2028, DigitalCoin predicted DOT could trade at an average price of $114 with a peak at $119, Capital wrote.
Polkadot on social media
Why does this stuff keep happening?……. I’ve seen it on several crypto charts over the last few days, these were the only screenshots I got, but I’m sure others have more.
— Anonymous (@brandy_mandyann) December 25, 2021