What is Polkadot?
It is One of the most ambitious projects based on multi-chain infrastructure and competitor of Ethereum. Polkadot aim to create most advanced peer to peer network for n number of Blockchain in short world internet for Blockchain. Basically, Polkadot works as protocol that connect different blockchain into one unified network. Polkadot developed by Web3 Foundation with vision of creating decentralized Web3 network for blockchain.
Polkadot was announced in 2017 and after being under development following ICO this project expected to arrive early but in officially launched mainnet in 2019. Polkadot uses sharded multichain network that facilitate thousands of transactions on the different parallel chain. so, this multichain network will solve the problem of scalability and also improve future growth on project by established connection with new blockchain project.
Polkadot wanted to go with fully decentralized network in which community will be on charge with governance system. However, Team can customize, implement community ideas on the platform and for that users need to hold DOT token. DOT is functional token on the platform that enable different roles on the platform including rights of governance, staking and bonding. However, DOT is not ERC-20 Token, as it based on Polkadot blockchain that ultimately benefit to main blockchain network.
Polkadot Price Prediction
|Month & Year||DOT Price Prediction|
|Based on||Blockchain network|
|All-time high||$395 USD|
|Exchange Platform||Huobi Global, OKEx, Binance JEX, gate.io, Bilaxy, Bibox, MXC, Hotbit, Bitforex|
|Wallet||Polkadot Wallet, Math Wallet.|
DOT ICO Overview
|Raised by||$144,630,000 USD|
|Date of ICO||NA|
|Partners||Zcash, SORAMITSU, Colony, OMG Network, Symbiont, Gridgularity, ownage, Melonport, Chainlink.|
Polkadot Price Analysis
Polkadot recently undergo denomination day where value of DOT token remains same but supply will cut short by 100x. however this decision was token via governance voting with maximum stakeholder was involved. Following day of Denomination Polkadot surges with huge percentage where It was traded at $395 USD registered as highest price of 2020 till now. since DOT debut i.e. in July 2019 with price $159 USD but after that it continue to follow neutral trend with average price of $130 USD. now, in august 2020 Polkadot seeing rapid fluctuation in market volume and in price graph too. Now, in possible outcomes if it continues gain volume then Polkadot will be closer to $500 USD.
Is Polkadot worth to buy Now? Yes,
project looks strong and future integration that brings bullish trend.
Is Polkadot a Good Investment? Yes, long term will be great with staking.
In 2020, Polkadot integration playing major role to have great run on Blockchain market, where since few month Polkadot presences uses as attraction of user. However, Aragon co-founder was also wanted integration with Polkadot and that can boost their network to launch their pending project. So, basically popularity of Web3 Foundation key project is increasing and this will become one of the highly interoperability and scalable project in blockchain. Network will recognised to provide simplicity, connectivity for information exchange and connectivity with different other blockchain project.