Polkadot (DOT) is a relatively new project in the cryptocurrency market, launched in May 2020 as the blockchain Proof-of-Authority (PoA).
Polkadot aims to motivate a global network of computers to create a new decentralized Internet-based on blockchain technology.
The main idea behind the project is to allow users to start and operate their blockchain environment over the Polkadot manner.
Polkadot connects specialized blockchains to a single interconnected network as a multi-chain network, dramatically increasing their accessibility and capabilities.
One of the co-creators of Ethereum (ETH), Gavin Woods, a British computer scientist, established Polkadot (DOT). Although Polkadot is still in the early stages of development, the network already hosts prominent projects such as Chainlink (LINK) and Ocean Protocol.
Polkadot’s native DOT cryptocurrency has an exciting price history, and if you want to know why, you are at the right place. We’ve put together everything you need to know better about the intricacies of the DOT price and the factors that affect it.
Polkadot Price Analysis
Currently, its price is $24.89, which has dropped by -3.1% in the last twenty-four hours. The highest recorded price is $25.68, while the low recorded price is $24.24. The exact price can be taken in Euro as The current price of Polkadot is € 22,092. The highest recorded value of Polkadot is € 47.60. The lowest recorded DOT price is € 2.27.
The price of Polkadot has slipped by-0.8% in the last one hour and -6.3% over the previous seven days. Thus, Palkadot’s price has been flat in the previous thirty days, and it has experienced a severe decline of -41.7%.
On 13 December, the price was much better compared to the coin’s current position. It was trading for $29.85 at 04:05:46. However, it got a severe blow at 23:02:53 and dropped to $26.70. On 14 December, it slipped to $25.09 and finally lowered more by the end of 15 December.
On 16 December, it got a rally and climbed to $27.69 at 02:05:49 and ended its day with a price of $26.92. Price again received a decline on 17 December by the end of the day and stopped at $24.87. Today it is available to buyers for $24.89.
Polkadot (DOT) Price Prediction
Polkadot was released in the second quarter of 2020, making it a very new project that is still in the early stages of development. In August 2020, the buying price of DOT was in the range of $ 2.70 – $ 6.18 (US dollar).
In September 2020, the DOT price declined negatively, following a downward trend and losing more than 34% of its value. The month ended with the Polkadot value falling to $ 4.34 from the high of $ 6.18 recorded in August.
October was no less declining as the Polkadot plummeted with more losses, bringing it to $ 4.18. October brought, however, a trading volume of 12.82 million – up from 24 million in September.
In November of that year, Polkadot began an uptrend, recovering from losses in September and October and rising nearly 29% to $ 5.37. The recovery became even more apparent in December when the Polkadot price jumped over 72% for the month and recorded a $ 9, setting the highest price for that period.
In January, the trading volume reached almost 68 million, from 18 million recorded in December 2020.
In February 2021, after a series of gains that exceeded 110%, the DOT value reached a new all-time high, reaching the impressive price of $ 46 in early April 2021. Although the Polkadot price can not be predicted with certainty, DOT is part of an unstable and dynamic market, where radical changes are frequent.
Polkadot Price Prediction at 2021 End
Based on predictions, Polkadot’s price would stop at $27.32 by the end of 2021. The maximum possible range is $28.10, while the low value would be $24.72.
Polkadot Price Prediction 2022
Polkadot’s price would get a massive rally by the end of 2022. It would climb to $37.09 as an average value. The cost can reach up to $45.29 and decline up to $36.00.
Polkadot Price Prediction 2023
According to analysts, It would hit $52.86 by 2023. Thus a massive rally would happen by the end of 2023.
Frequently Asked Questions (FAQ) about Polkadot
- What is Polkdot’a highest price in EUR?
Polkadot price history shows that DOT has a maximum price of 47.60 EUR.
- What is the lower price in EUR?
Kriptomat data confirms that Polkadot’s lowest recorded price is EUR 2.27.
- How can I buy Polkadot?
You do not need to consult an expert to tell you How to buy Polkadot. At Kriptomat, it is quick and easy to buy DOT. The Polkadot DOT is available for immediate purchase at its current price of EUR 22.120. Current values are always displayed on the DOT chart.
- Is Polkadot a good investment in 2021?
Polkadot has substantial technical value and great potential in Defi, intelligent contract operations, and dApp development. The team is trying to build a whole new internet, which will be based on various blockchains.
The DOT value reached an all-time high (ATH) of $53 in October 2021, showing an upward trend instead, and the cryptocurrency is still trading near its all-time high as of this writing.
- Does Polkadot (DOT) have a future?
The Polkadot network already hosts 25 projects, including one of Chainlink (LINK), one of the leading cryptocurrency and blockchain projects.
Polkadot has a variety of uses, targeting broad demographic groups and a variety of purposes. It may continue to integrate blockchains and host innovative apps and other projects.
The DOT price hit a low of around $2 and a high of $53, rising more than 1300% in just eight months. Polkadot is already considered one of the most innovative projects in blockchain in terms of its technical capabilities.
However, it is assumed that it is still in an early stage of development. The Polkadot price constantly changes to keep pace with active market trends and many other factors.
If you want to start with the friendliest and most understandable trading experience in the market, sign up for Kriptomat today to embark on your journey into the world of Polkadot and cryptocurrencies.