Polkadot Hits Self Reported Market Capitalization of $17.12 Billion (DOT)

Polkadot (DOT) traded up 12.2% against the US dollar during the 24-hour period ending at 8:00 AM E.T. on December 4th. Polkadot has a total market capitalization of $17.12 billion and approximately $2.16 billion worth of Polkadot was traded on exchanges in the last day. One Polkadot coin can now be bought for $11.22 or 0.00011697 BTC on major cryptocurrency exchanges. Over the last week, Polkadot has traded 36.4% higher against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• 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 2.2% lower 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.
• SolvBTC (SOLVBTC) traded up 1.2% against the dollar and now trades at $95,790.22 or 0.99852217 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.1% higher against the dollar and now trades at $95,647.70 or 0.99703655 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.

About Polkadot

Polkadot was first traded on August 18th, 2020. Polkadot’s total supply is 1,525,237,255 coins. Polkadot’s official website is polkadot.com. 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. The official message board for Polkadot is forum.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 possible to purchase alternative cryptocurrencies such as Polkadot directly using U.S. dollars. Investors seeking to acquire Polkadot should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Polkadot using one of the exchanges listed above.

DOT/USD price chart by TradingView