Market capitalization(24h)

About Polkadot

Polkadot is a decentralized, open-source platform that aims to create a connected network of blockchains. It enables the transfer of any data or asset types between different blockchains in a secure and seamless manner. This cross-chain functionality is achieved through sharding, a process of dividing the network into smaller, more manageable parts. In addition, Polkadot provides a foundation for the development of a decentralized internet, also known as Web3, which aims to give individuals greater control over their data and digital assets. By connecting multiple blockchains, Polkadot aims to create a more interoperable, scalable, and secure ecosystem for decentralized applications and services.

$DOT token

Polkadot (DOT) is a cryptocurrency that powers the Polkadot network, which launched in 2020. As of February 7, 2023, it is ranked 9th by market capitalization, with a market cap of over $25 billion and a per-token value of around $37. The maximum supply of DOT tokens is set at 1 billion. DOT is used to participate in network governance and help secure the network, and can also be used to pay for transaction fees on the network.

How to buy $DOT with a payment card

1. Enter the amount of $DOT and fiat currency that you wish to purchase.

2. Verify your phone and email.

3. Enter or create $DOT wallet

You are given the option to enter your $DOT wallet address or create one using the Swipelux widget.

4. Pass KYC flow

This verification process helps protect you from fraud and other malicious activities.

5. You're now ready to buy $DOT with a credit and debit card.

$DOT analytics

1. Market position and adoption: DOT is currently ranked #7 on Coin Market Cap, with a market cap of $14,967,155,300 and 24-hour volume of $1,411,983,727. This indicates a high level of interest in the token and strong adoption.

2. Technology and Platform: Polkadot is a next-generation blockchain protocol that enables cross-chain transfers of any data or asset types. It uses sharding to improve scalability and provides a foundation for a decentralized internet of blockchains (Web3).

3. Team: The Polkadot development team is led by Dr. Gavin Wood, one of the co-founders of Ethereum. The team has a strong track record in blockchain development and a deep understanding of the technology and its potential applications.

4. Competition: Polkadot faces competition from other multi-chain and interoperability projects, including Cosmos and Aion. However, its unique approach to sharding and its foundation for a decentralized internet of blockchains sets it apart from its competitors and positions it as a leader in the space.

$DOT risks

1. Market Risk: The cryptocurrency market is highly volatile and subject to fluctuations, which can result in losses for investors. The value of DOT can be impacted by changes in market sentiment, regulatory changes, and economic factors.

2. Technology Risk: Polkadot is a new and emerging technology, and there is a risk that the platform may not be fully developed or may face technical difficulties.

3. Competition Risk: The blockchain market is competitive, and Polkadot faces competition from other platforms and projects. The success of Polkadot and its DOT token may be impacted by the performance of its competitors.

4. Adoption Risk: The success of Polkadot and its DOT token depends on the adoption and usage of the platform. If the platform fails to gain widespread adoption, it may result in a decrease in demand for DOT.

5. Regulatory Risk: Cryptocurrencies and decentralized platforms are subject to regulatory risks. Changes in laws and regulations may negatively impact the platform and its token.

Potential market development triggers

1. Increased adoption of Polkadot's multi-chain technology and Web3 ecosystem.

2. Partnerships with major companies and organizations to bring real-world assets and services onto the Polkadot network.

3. Expansion of the range of decentralized applications built on the Polkadot network, attracting a wider audience.

4. Development of new blockchain technologies, making the Polkadot network more secure and scalable.

5. A growing interest in decentralized finance (DeFi) and NFTs, leading to increased demand for DOT as a means of participating in these ecosystems.

6. Addition of new utility and functionality to the DOT token, increasing its utility and value.

7. Strong and stable governance structure, fostering confidence in the long-term growth potential of the project.