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Polkadot

Polkadot is a next-generation protocol created in 2016 by Ethereum Co-founder Dr Gavin Wood. The Polkadot protocol enables cross-chain transfers of any data or asset, offering users interoperability with various Blockchains in the Polkadot network.

Polkadot was designed as part of a larger vision for a web that gives consumers back control of the internet. It builds on the former promises of blockchain networks while providing several essential advantages.

Polkadot’s native token is DOT (DOT/USD)

​​Is Polkadot a good investment?

Like any other crypto, the price of Polkadot is highly volatile. Therefore investors should proceed with caution. Furthermore, Polkadot is still in its infancy, and may take time to reach its full potential. As with all cryptocurrencies, Polkadot is not backed by tangible assets, making it a high-risk investment.

How to buy DOT tokens

The first step is to open a cryptocurrency trading account with a trusted broker or exchange like Coinbase or Binance. Once your account is verified, you then link your bank account and deposit fiat currency such as US Dollars or Euros. Once that is done, depending on your goals, you can purchase DOT tokens as a short-term, or long-term investment. DOT Tokens can be held on an exchange or sent to an associated cryptocurrency wallet.

Polkadot latest news

Cryptocurrencies
·Nov 19, 2021, 08:35 GMT

Acala Wins Parachain Slot On Polkadot, Holds Successful Crowdlending Offer

Polkadot has added another feather to its cap by onboarding Acala, an Ethereum-compatible platform for building DeFi-focused smart contracts. Acala...
Read More
Cryptocurrencies
·May 04, 2022, 07:33 BST

ASTR Price Prediction: Is the Astar Network a Good Investment?

The ASTR price jumped on Wednesday morning as investors cheered the coin’s listing in Binance, the biggest exchange in the...
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Cryptocurrencies
·Feb 15, 2022, 17:13 GMT

Binance Labs announces investment in Manta Network

Binance Labs, the venture capital subsidiary of cryptocurrency exchange, Binance, has announced that it has invested in Manta Network. Manta...
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Cryptocurrencies
·Jan 20, 2022, 22:48 GMT

BOTLabs Trusted Entity Rolls out SocialKYC, A Breakout KYC Solution

B.T.E. BOTLabs Trusted Entity GmbH (B.T.E.), a subsidiary of BOTLabs GmbH, has rolled out a new product geared towards enhancing...
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Cryptocurrencies
·Feb 16, 2021, 09:30 GMT

Cardano and Polkadot Price Prediction: Is the Rally Still Intact?

The Cardano and Polkadot prices have been on a slow and steady uptrend recently. The two have risen by more...
Read More
Cryptocurrencies
·Aug 05, 2022, 16:02 BST

Dot Price Prediction: Is Polkadot Price Likely to Hit $10

Polkadot is up by 3 per cent in today’s trading session, making it the third consecutive day that prices are...
Read More
Industry News
·Jan 04, 2022, 15:57 GMT

Efinity Wins Polkadot Auction, Set to Launch in March 2022

With nearly $214 million in DOT, Enjin’s Efinity has won Polkadot’s sixth and final parachain auction for the year 2021....
Read More
Cryptocurrencies
·Dec 18, 2021, 09:47 GMT

Explaining the Polkadot Parachain Ahead of the Next Auction Cycle on December 23

Polkadot launched the parachains in October 2021. The essence of the parachain was to interconnect blockchain networks, which is an...
Read More
Cryptocurrencies
·Sep 02, 2021, 08:39 BST

Is the Polkadot Price charging the batteries for a 60% rally?

After this week’s explosive upside breakout, the Polkadot price is taking a break this morning and lower by 3% to...
Read More
Cryptocurrencies
·Nov 18, 2021, 10:06 GMT

Kusama Price Forecast: Here’s Why KSM Has Nosedived

The Kusama price has been in a major sell-off this week. After soaring to a high of $518 early this...
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Financial market and cryptocurrency trading and investing carry a high degree of risk, and losses can exceed deposits. Ensure you fully understand the risks involved. Any opinions, news, research, analysis, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. Read the “Risk Disclosure Statement” for further details.

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