The Kusama price has been in a major sell-off this week. After soaring to a high of $518 early this...
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 investing 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
The Kusama price is bouncing back as demand for the network and other altcoins rise. KSM is trading at $274,...
The Kusama price made a bullish break-out on Tuesday as investors continued to watch the upcoming parachain slot auctions. The...
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Litentry price has done well in the past few days as investors buy the coin’s dip. LIT jumped to a...
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Moonbeam (GLMR), the winner of Polkadot’s second parachain auction, has launched successfully on the Polkadot network. The move makes it...
The winner of the 4th slot in the Polkadot parachain auctions has emerged, and with a total of $306million in...
Polkadex Inc., the DeFi order-book exchange built on Substrate, has announced its bid for a parachain slot on Polkadot. After...