Polkadot Achieves Self Reported Market Cap of $5.61 Billion (DOT)

Polkadot (DOT) traded down 3.9% against the U.S. dollar during the twenty-four hour period ending at 11:00 AM Eastern on November 3rd. Over the last seven days, Polkadot has traded 9.2% lower against the U.S. dollar. Polkadot has a market capitalization of $5.61 billion and $137.61 million worth of Polkadot was traded on exchanges in the last 24 hours. One Polkadot coin can now be purchased for $3.71 or 0.00005472 BTC on exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% 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 1.5% against the dollar and now trades at $68,223.71 or 1.00738610 BTC.
• SolvBTC (SOLVBTC) traded 2.1% lower against the dollar and now trades at $67,893.33 or 1.00250781 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Polkadot Coin Profile

Polkadot was first traded on August 18th, 2020. Polkadot’s total supply is 1,513,509,767 coins and its circulating supply is 1,513,508,255 coins. The official website for Polkadot is polkadot.network. The Reddit community for Polkadot is https://reddit.com/r/polkadot and the currency’s Github account can be viewed here. The official message board for Polkadot is forum.polkadot.network. Polkadot’s official Twitter account is @polkadot and its Facebook page is accessible 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 presently possible to buy alternative cryptocurrencies such as Polkadot directly using U.S. dollars. Investors seeking to trade Polkadot should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Polkadot using one of the aforementioned exchanges.

DOT/USD price chart by TradingView