#Polkadot

Polkadot (DOT)

Market Cap: $6.20 billion

7-Day Change: -3.22%

Price News: Polkadot’s price was $3.90 at 9:13 a.m. ET. Its highest point in the past year came on Dec. 4, 2024, when it hit $11.60.

Polkadot: Launched by ethereum co-founder Gavin Wood in 2020, polkadot is designed to unify previously siloed blockchains.

Polkadot’s network facilitates the transfer of tokens and data between major chains like ethereum and bitcoin. At the core of polkadot are parachains–customizable, independent blockchains that offload processing demand while leveraging polkadot’s security infrastructure.

Polkadot’s price when it launched in August 2020 was $2.79. Today it trades at $3.90 for a gain of 40%.

Pros:

Enables confidential computing for sensitive data (such as health records).

A unique network that supports scalability and specialization.

Cons:

Complex architecture.

Still a developing ecosystem compared to ethereum.

Market Dominance: 0.19