Polkadot Trading Down 13.2% Over Last Week (DOT)

Polkadot (DOT) traded 1.1% higher against the dollar during the one day period ending at 14:00 PM E.T. on October 6th. Over the last seven days, Polkadot has traded down 13.2% against the dollar. One Polkadot coin can now be purchased for about $4.17 or 0.00006657 BTC on exchanges. Polkadot has a total market cap of $6.27 billion and $86.63 million worth of Polkadot was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• 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 down 2.2% 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 up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower 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 down 2.6% against the dollar and now trades at $0.0397 or 0.00000063 BTC.
• P2P Solutions foundation (P2PS) traded up 1.7% against the dollar and now trades at $158.07 or 0.00252100 BTC.

About Polkadot

Polkadot’s launch date was August 18th, 2020. Polkadot’s total supply is 1,502,370,780 coins and its circulating supply is 1,502,369,759 coins. Polkadot’s official Twitter account is @polkadot and its Facebook page is accessible here. The official website for Polkadot is polkadot.network. The official message board for Polkadot is forum.polkadot.network. The Reddit community for Polkadot is https://reddit.com/r/polkadot and the currency’s Github account can be viewed here.

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

DOT/USD price chart by TradingView