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Polkadot Price

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DOT Price in EUR
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Polkadot Price Overview

The current Polkadot price is loading EUR. The price has changed by EUR in the past 24 hours on trading volume of loading EUR. The market rank of Polkadot is based on a market capitalization of loading EUR. Polkadot has a circulating supply of loading. The highest recorded Polkadot price is loading EUR. And the lowest recorded DOT price is loading EUR.

What Is the Highest Price of Polkadot?

Polkadot price history shows that DOT has recorded a peak value of loading .

What Is the Lowest Price of Polkadot?

Kriptomat data confirms that loading is the lowest recorded Polkadot value.

How Can I Buy Polkadot?

There’s no need to consult an expert to tell you how to buy Polkadot. It’s fast and easy to buy DOT at Kriptomat. Polkadot is available for immediate purchase at the current DOT price quote of loading EUR. Current prices are always displayed in the DOT chart.

What Is the Current Price of Polkadot?

Polkadot is available for immediate purchase at Kriptomat. The current price is loading EUR.

Polkadot (DOT) is a relatively new project in the cryptocurrency market, launched in May 2020 as a Proof-of-Authority (PoA) blockchain. Polkadot aims to incentivize a global network of computers to create a new decentralized internet based on blockchain tech. The main idea behind the project is to enable users to launch and operate their blockchain environment on top of the Polkadot mainnet. As a multi-chain network, Polkadot connects specialized blockchains into a single interconnected network, drastically increasing their accessibility and capabilities.

Polkadot (DOT) was created by Gavin Woods, a British computer programmer and one of the co-creators of Ethereum (ETH). Though Polkadot is still in the first stages of its development, the network is already hosting prominent projects such as Chainlink (LINK) and Ocean Protocol.

Polkadot’s native cryptocurrency DOT has had an interesting price history, and if you want to know why, then you’re in the right place. We’ve compiled everything you need in order to get a better understanding of the intricacies of DOT price – as well as the factors that affect it.

Polkadot (DOT) Price History

The price of Polkadot (DOT) depends on a multitude of specific factors and elements. Its price greatly depends on the overall market momentum, sentiment among investors, and popularity of DOT at a given moment – but is also dependent on the success and adoption of Polkadot’s technology and technical features. Currently, the Polkadot network hosts 25 projects and is constantly adding more. DOT’s price is not immune to the perpetual volatility typically associated with cryptocurrencies, so DOT may go through sudden price swings and radical trend reversals.

Polkadot launched in the second quarter of 2020, making it a rather young project that is still in its early developmental stages. In August 2020, DOT’s market price was formed in the range of $2.70 – $6.18 USD.

In September 2020, DOT price entered a negative trend reversal, following a downward trajectory and shedding more than 34% of its value. The month ended with Polkadot’s value dipping to $4.34 from its high of $6.18 recorded in August. October was not any less bearish as Polkadot value continued to sink with more losses, which brought it to the price of $4.18. October did, however, bring trading volumes of 12.82 million – up from 24 million in September.

Starting from November of the same year, Polkadot entered a bullish phase, recovering from its losses over September and October and rising by nearly 29% to reach $5.37. The rebound became even more evident in December when Polkadot’s price spiked by over 72% for the month and registered a value of $9, setting its highest price at the time.

2021 started bullish for the majority of top trading cryptocurrencies, Polkadot included. DOT price reached a new high in January 2021, recording 74% gains and hitting $16 which became its new all-time high price (ATH). Trading volume in January reached nearly 68 million, up from the 18 million recorded in December 2020. 

In February 2021, after a series of gains totaling over 110%, DOT’s value reached a new all-time high, hitting an impressive $46 price point at the beginning of April 2021. Though the price of Polkadot can’t be predicted with perfect certainty, DOT is a part of a volatile and dynamic market where radical changes are common. However, the future price of DOT can sometimes be forecasted by analyzing Polkadot (DOT) price history.       

Analyzing DOT’s Price History

In an attempt to discern possible scenarios for the future of DOT price, we can analyze Polkadot’s price history by using some of the same techniques used by investors in traditional financial markets. By examining its price history, we can begin to recognize the trends and patterns that shape the price movement of Polkadot.

Technical Analysis (TA) is used to predict price movements in financial markets, including the cryptocurrency market (and DOT). One of the main tools used in TA is analyzing price charts and various market statistics. Investors can utilize this data to create detailed price forecasts for DOT and other cryptocurrencies in order to guide their investment strategies.

Sentiment Analysis (SA) and Fundamental Analysis (FA) are two additional commonly used strategies that can be used to help determine the future trajectory and price movement of DOT. Cryptocurrency investors use Fundamental Analysis to compare the intrinsic value of Polkadot (DOT) with specific financial and economic factors that may affect DOT’s price in the market. Fundamental Analysis considers important events, upgrades and updates, news, partnerships, and other developments as crucial elements that will help determine Polkadot’s value. 

Sentiment Analysis focuses on how investors, analysts, and traders feel about DOT and the cryptocurrency market in general. Sentiment Analysis alone is not enough to make an accurate price forecast for DOT, but it can be helpful when used in conjunction with Fundamental Analysis and Technical Analysis.

Factors Influencing the Price of Polkadot (DOT)

Polkadot diminishes costly crypto mining protocols, security protocols, and validations, and instead focuses on smart contract functionality and dApp (decentralized application) development. The core vision of Polkadot is to create an interoperable environment with multi-chain architecture that would enable communication and collaboration between different blockchains and dApps, ultimately creating a decentralized internet based on – and involving – every type of blockchain technology. With numerous use cases, Polkadot is a project with unlimited potential and is even incorporating access to the wildly popular DeFi (Decentralized Finance) market, adding to its overall value and market price.

Polkadot accounts for 1.91% of the total cryptocurrency market value, and thus far has been growing rapidly with no signs of slowing.

Live Polkadot (DOT) Value and Market Cap

The live price of Polkadot is always experiencing fluctuations and is in constant flux as its value is changing frequently to match the trajectory of the crypto market in relation to specific factors such as trading volumes, total supply, and overall demand. The market price for Polkadot is ultimately based on the balance between buyers and sellers of DOT at a given moment.

By multiplying the number of DOT tokens in circulating supply by the current market price, we can determine the market cap of the project. Market capitalization ranks cryptocurrencies against their crypto market peers, helping to determine market dominance, demand, and popularity.

The current Polkadot price is loading EUR. The price has changed by EUR in the past 24 hours on trading volume of loading EUR. The market rank of Polkadot is based on a market capitalization of loading EUR. Polkadot has a circulating supply of loading. The highest recorded Polkadot price is loading EUR. And the lowest recorded DOT price is loading EUR.

Polkadot Price: Frequently Asked Questions

Is Polkadot a Good Investment in 2021?

Polkadot has strong technical value and great potential in the sector of DeFi, smart contract operations, and dApp development. The team is attempting to build an entirely new internet, built across a multitude of different blockchains. 

DOT reached an ATH of $46 in April 2021, showing rather a bullish momentum, and the crypto is still trading close to its all-time high at the time of writing.  

What Was Polkadot’s Highest Price?

Polkadot peaked at an ATH of $46 in early April of 2021.

Does Polkadot (DOT) Have a Future?

Polkadot network is already hosting 25 projects, including one of the top crypto and blockchain projects, Chainlink (LINK). Polkadot has a multitude of use cases, targeting broad demographics and various purposes. It is likely that Polkadot will continue to unify blockchains and host innovative dApps and other projects.

Conclusion

Polkadot’s price touched lows at around $2 and a high of $46, rising well over 1300% in just over eight months. Polkadot is already considered to be one of the most innovative projects in the blockchain sector when it comes to its technical potential, even though it is still considered to be in its early development stages. Polkadot price is constantly changing to align with active market trends and numerous other factors.

If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of Polkadot and cryptocurrencies!    

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The text is informative in nature and does not count as an investment recommendation. It does not express the personal opinion of the author or service. Any investment or trading is risky, past returns are not a guarantee for future returns – risk only those assets that you are willing to lose.
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