#PolkadotAnalysis
Should You Buy Polkadot While It's Under $5?
Key Points
Polkadot is aiming to power the next generation of Web3 applications.
The JAM upgrade will make Polkadot more flexible and developer-friendly, paving the way toward full-fledged Web3 apps and services.
Web3 could disrupt giants like Meta Platforms, Alphabet, and Netflix in the future.
Polkadot is shaking up the crypto world. Should you get in while the price is less than $5 per digital coin?
The Polkadot (DOT -6.42%) cryptocurrency is going through some pretty exciting changes these days. The Web3 Foundation's official crypto coin is becoming a distributed supercomputer, ready to provide a wide variety of apps and services. Yet, the coin price keeps falling.
Should you pick up a few Polkadot coins while they're available for less than $5 apiece? I think that's a good idea, and here's why.
Polkadot's big internet ambitions
First things first. Polkadot was designed to support a Web3 future. The social networks and paywalls of the Web2 world were unstoppable over the last 20 years. These days, a lot of web users are getting tired of this aging structure, looking around for new ideas. The Web3 idea is one alternative, bringing more personal freedom and giving content creators more control over their creations. In this system, gigantic hubs of advertising and social media connections are replaced by decentralized services. And Polkadot's app-building ecosystem provides a handy platform to get all the Web3 ideas done in the real world.
Meet JAM: The next big step in Polkadot's evolution
So far, Polkadot is mostly known for its ability to interact with other blockchain networks. This coin's smart contracts can tap into Bitcoin's (BTC -2.81%) monetary value storage, Ethereum's (ETH -8.05%) sophisticated contracts, and Chainlink's (LINK -9.00%) real-world data reports, just to name a few.
