Polkadot Self Reported Market Cap Reaches $6.31 Billion (DOT)

Polkadot (DOT) traded down 3.2% against the U.S. dollar during the one day period ending at 18:00 PM E.T. on October 23rd. Polkadot has a market cap of $6.31 billion and approximately $117.39 million worth of Polkadot was traded on exchanges in the last day. In the last week, Polkadot has traded down 3.3% against the U.S. dollar. One Polkadot coin can currently be purchased for about $4.18 or 0.00006295 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 down 2.2% 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 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.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 0% lower against the dollar and now trades at $0.0944 or 0.00000141 BTC.
• P2P Solutions foundation (P2PS) traded down 5.1% against the dollar and now trades at $161.64 or 0.00243470 BTC.

Polkadot Profile

Polkadot’s genesis date was August 18th, 2020. Polkadot’s total supply is 1,509,695,969 coins and its circulating supply is 1,509,695,968 coins. Polkadot’s official Twitter account is @polkadot and its Facebook page is accessible here. The Reddit community for Polkadot is https://reddit.com/r/polkadot and the currency’s Github account can be viewed here. Polkadot’s official message board is forum.polkadot.network. Polkadot’s official website is polkadot.network.

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

DOT/USD price chart by TradingView