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Polkadot price

Polkadot priceDOT

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Price of Polkadot today

The live price of Polkadot is $7.64 per (DOT / USD) today with a current market cap of $11.73B USD. The 24-hour trading volume is $228.53M USD. DOT to USD price is updated in real time. Polkadot is -0.51% in the last 24 hours. It has a circulating supply of 1,535,926,900 .

What is the highest price of DOT?

DOT has an all-time high (ATH) of $55, recorded on 2021-11-04.

What is the lowest price of DOT?

DOT has an all-time low (ATL) of $2.69, recorded on 2020-08-20.
Calculate Polkadot profit

Polkadot price prediction

When is a good time to buy DOT? Should I buy or sell DOT now?

When deciding whether to buy or sell DOT, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget DOT technical analysis can provide you with a reference for trading.
According to the DOT 4h technical analysis, the trading signal is Buy.
According to the DOT 1d technical analysis, the trading signal is Buy.
According to the DOT 1w technical analysis, the trading signal is Strong buy.

What will the price of DOT be in 2026?

Based on DOT's historical price performance prediction model, the price of DOT is projected to reach $8.18 in 2026.

What will the price of DOT be in 2031?

In 2031, the DOT price is expected to change by +22.00%. By the end of 2031, the DOT price is projected to reach $21.9, with a cumulative ROI of +189.29%.

Polkadot price history (USD)

The price of Polkadot is +6.49% over the last year. The highest price of DOT in USD in the last year was $11.88 and the lowest price of DOT in USD in the last year was $3.65.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h-0.51%$7.47$7.72
7d+10.86%$6.52$7.97
30d-28.36%$6.07$10.91
90d+80.94%$3.67$11.6
1y+6.49%$3.65$11.88
All-time+173.89%$2.69(2020-08-20, 4 years ago )$55(2021-11-04, 3 years ago )

Polkadot market information

Polkadot's market cap history

Market cap
$11,729,195,456.23
-0.51%
Fully diluted market cap
$11,729,195,456.23
-0.51%
Volume (24h)
$228,528,949.08
-20.52%
Market rankings
Circulation rate
99.00%
24h volume / market cap
1.94%
Circulating supply
1,535,926,900 DOT
Total supply / Max supply
1.54B DOT
-- DOT
ICO price
$0.2900 ICO details
Buy Polkadot now

Polkadot market

  • #
  • Pair
  • Type
  • Price
  • 24h volume
  • Action
  • 1
  • DOT/USDT
  • Spot
  • 7.653
  • $1.69M
  • Trade
  • 2
  • DOT/USDC
  • Spot
  • 7.654
  • $48.07K
  • Trade
  • Polkadot holdings by concentration

    Whales
    Investors
    Retail

    Polkadot addresses by time held

    Holders
    Cruisers
    Traders
    Live coinInfo.name (12) price chart
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    Polkadot ratings

    Average ratings from the community
    4.6
    100 ratings
    This content is for informational purposes only.

    About Polkadot (DOT)

    What Is Polkadot?

    Polkadot (DOT) is a next-generation blockchain protocol connecting multiple specialized chains into one unified network. It was conceptualized and launched by the Web3 Foundation, a Swiss Foundation facilitating a fully functional and user-friendly decentralized web. Its creation was led by Dr. Gavin Wood, one of the co-founders of Ethereum and the inventor of its programming language, Solidity.

    Polkadot's fundamental objective is to enable blockchain networks to work together seamlessly, facilitating interoperability. While the current blockchain landscape is populated with numerous isolated blockchains operating independently, Polkadot aims to establish an internet of blockchains, where multiple chains can communicate and transact in a secure, trust-free environment.

    This innovative platform is designed to support various blockchains, ranging from public, permissionless networks, private consortium chains, oracles, and other future technological developments not yet known. Polkadot's adaptability is indicative of the platform's vision of a decentralized web, where users are in control.

    Resources

    Whitepaper: https://assets.polkadot.network/Polkadot-whitepaper.pdf

    Official website: https://polkadot.network/

    How Does Polkadot Work?

    To understand how Polkadot works, we need to be acquainted with its architecture, primarily comprising Relay Chains, Parachains, and Bridges.

    Relay Chain

    The Relay Chain is Polkadot's heart, responsible for the network's shared security, consensus, and cross-chain interoperability. It verifies and finalizes the transactions from the connected chains, ensuring the overall security of the network.

    Parachains

    Parachains are individual blockchains that run parallel within the Polkadot ecosystem. Each parachain is unique, tailored with its specific features and applications, and all of them benefit from the security provided by the Relay Chain. Parachains communicate with the Relay Chain and with each other through Cross-Chain Message Passing (XCMP).

    Bridges

    Bridges are special blockchains that link Polkadot with external networks like Ethereum or Bitcoin, ensuring the interconnectivity of chains across the blockchain sphere, not just within Polkadot.

    Polkadot's operations are orchestrated through a sophisticated consensus mechanism, employing aspects of both proof-of-stake and Byzantine fault tolerance. Validators staking the native DOT tokens are selected to produce blocks on the Relay Chain and confirm parachain transactions. Nominators, on the other hand, select trustworthy validators, helping secure the network. Other roles include Collators, who collect parachain transactions and produce proofs for validators, and Fishermen, who monitor the network and report malicious activities.

    The DOT Token

    The DOT token is the native cryptocurrency of the Polkadot network. It serves multiple purposes within Polkadot’s ecosystem, playing a crucial role in the platform's operation, governance, and security.

    Role in Network Operation

    DOT tokens are primarily used in the operation of the network. Participants can bond DOT tokens to add new parachains (parallel blockchains) or to engage in other operations. This bonding process is crucial for maintaining the network's overall security and stability.

    Role in Governance

    The DOT token has a vital role in Polkadot's on-chain governance. DOT holders have the right to vote on proposed changes to the network, including the addition of new parachains and system upgrades. This allows for a completely decentralized, democratic decision-making process where every DOT holder has a voice.

    Role in Security

    In Polkadot's ecosystem, DOT tokens are also used to incentivize good behavior through a mechanism called staking. Validators stake DOT tokens as a kind of security deposit. Those who act dishonestly or attempt to attack the network will have their stake slashed, losing a portion or all of their staked DOTs. This mechanism helps secure the network against malicious activities.

    Role in Interoperability

    Finally, the DOT token is used to facilitate interoperability across different chains. Cross-chain transactions often require a native token to process, and in Polkadot's ecosystem, DOT tokens serve this function.

    What Determines Polkadot's Price?

    The Polkadot price is influenced by a myriad of factors that contribute to its volatility and market value. One of the primary determinants of the Polkadot price today is its utility and adoption within the blockchain ecosystem. Polkadot, often hailed for its multi-chain network capabilities, facilitates cross-chain data and asset transfers. This makes it a cornerstone for interoperability in the blockchain space. Its native token, DOT, plays a crucial role in network governance, staking, and bonding processes. The more projects that build on or integrate with Polkadot, the higher the demand for DOT, which in turn affects its market cap and overall value.

    Polkadot's scalability and cross-chain functionality have attracted significant projects to its ecosystem, further driving its utility and, by extension, its price. Therefore, those interested in the Polkadot price forecast should consider these technological benefits when assessing its long-term value.

    Another significant factor in Polkadot price prediction and Polkadot price speculation is market sentiment, often influenced by news cycles, technological advancements, and macroeconomic factors. Investor behavior, reflected in Polkadot price charts and Polkadot price analysis, can be reactive to updates about network upgrades, partnerships, and staking rewards. For instance, Polkadot's inflationary monetary policy, designed to incentivize network participation, can dynamically adjust the DOT supply, affecting both short-term and long-term Polkadot price forecasts.

    If you're planning to buy Polkadot or are interested in Polkadot's future price, it's crucial to also consider external factors like regulatory news and broader market trends. These external influences can have immediate impacts on Polkadot's real-time price, commonly referred to as the Polkadot price live. Hence, a comprehensive Polkadot price update should consider both intrinsic utility and broader market sentiment to provide a well-rounded view of its current and future price.

    Conclusion

    Polkadot is more than just a blockchain protocol; it's a vision for a decentralized web where multiple blockchains co-exist and interact seamlessly. By focusing on interoperability, scalability, and a user-centric approach, Polkadot is set to become a vital part of the decentralized future of the internet. The forthcoming sections of this article will delve deeper into each of these aspects, providing a thorough understanding of Polkadot's unique architecture, features, the role of DOT token, and its decentralized governance.

    Related Articles about Polkadot

    Introduction to Polkadot (DOT)

    Polkadot Social Data

    In the last 24 hours, the social media sentiment score for Polkadot was 3, and the social media sentiment towards Polkadot price trend was Bullish. The overall Polkadot social media score was 70,031, which ranks 91 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Polkadot being mentioned with a frequency ratio of 0.09%, ranking 30 among all cryptocurrencies.

    In the last 24 hours, there were a total of 1,548 unique users discussing Polkadot, with a total of Polkadot mentions of 907. However, compared to the previous 24-hour period, the number of unique users increase by 12%, and the total number of mentions has increase by 26%.

    On Twitter, there were a total of 21 tweets mentioning Polkadot in the last 24 hours. Among them, 5% are bullish on Polkadot, 0% are bearish on Polkadot, and 95% are neutral on Polkadot.

    On Reddit, there were 18 posts mentioning Polkadot in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 6% .

    All social overview

    Average sentiment (24h)
    3
    Social media score (24h)
    70.03K(#91)
    Social contributors (24h)
    1.55K
    +12%
    Social media mentions (24h)
    907(#30)
    +26%
    Social media dominance (24h)
    0.09%
    X
    X posts (24h)
    21
    +200%
    X sentiment (24h)
    Bullish
    5%
    Neutral
    95%
    Bearish
    0%
    Reddit
    Reddit score (24h)
    9
    Reddit posts (24h)
    18
    +6%
    Reddit comments (24h)
    0
    0%

    How to buy Polkadot(DOT)

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    Trade DOT perpetual futures

    After having successfully signed up on Bitget and purchased USDT or DOT tokens, you can start trading derivatives, including DOT futures and margin trading to increase your income.

    The current price of DOT is $7.64, with a 24h price change of -0.51%. Traders can profit by either going long or short onDOT futures.

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    After signing up on Bitget and successfully buying USDT or DOT tokens, you can also start copy trading by following elite traders.

    FAQ

    How does Polkadot aim to solve scalability issues faced by other blockchains?

    Polkadot uses a multi-chain architecture with a central Relay Chain and multiple Parachains. This structure allows for parallel processing of transactions across different chains, increasing the overall capacity and scalability of the network.

    What is the primary purpose of Polkadot (DOT)?

    Polkadot (DOT) serves as the native cryptocurrency of the Polkadot network, a decentralized platform designed to enable different blockchains to transfer messages and value in a trust-free fashion, aiming to make a web where independent blockchains can share information. DOT tokens have multiple uses within the ecosystem: they provide governance rights to holders, allowing them to have a say in the development and changes to the protocol; they are staked to maintain the network's security and operations; and they can be bonded to connect new chains or parachains to the Polkadot relay chain. Thus, DOT is an essential component in ensuring the smooth operation, security, and interoperability of the Polkadot ecosystem.

    What was the price of DOT during its Initial Coin Offering (ICO)?

    The DOT token was sold at an initial price of around US$30 during its ICO. However, post-ICO, there was a 100:1 redenomination, effectively making the ICO price US$0.30 per DOT under the new denomination.

    Is Polkadot a good investment?

    Polkadot (DOT) has established itself as a dominant player in the crypto sphere, securing its spot as the 12th largest by market capitalization as of August 2023. Its strong presence on premier exchanges, including Bitget, underpins its acceptance and high trading liquidity. With an ever-increasing number of connected chains and the addition of parachains, Polkadot is enhancing its ability to interoperate between various blockchains. This development, coupled with the growing interest in Polkadot for Web3 projects, suggests that DOT is not only crucial for the evolving Web 3.0 landscape but also presents a promising investment opportunity, especially as decentralized applications (dApps) become more popular.

    How does staking DOT work, and how does it impact its value?

    Staking in Polkadot is governed by its Nominated Proof-of-Stake (NPoS) consensus mechanism. The process involves two primary roles: validators and nominators. Validators produce new blocks, confirm transactions, and uphold network integrity by locking up a certain amount of DOTs as collateral. Nominators, on the other hand, don't directly engage in block production but support validators by staking their DOTs on those they trust. Both earn rewards for their roles, but they also face the risk of having their staked DOTs slashed if involved in malicious activities or negligence. The staking process requires DOT holders to "bond" their tokens, rendering them illiquid for a specified period. If they choose to "unbond," there's a waiting period, often 28 days, before the DOTs are available for transfer. The act of staking DOTs can significantly influence its market value in several ways. By staking, a portion of DOT's supply is effectively locked, potentially leading to upward price pressure due to reduced circulation if demand remains steady or rises. Additionally, the prospect of earning rewards from staking provides an incentive for DOT holders to retain their tokens, reducing sell-off tendencies. This dynamic promotes network security as more staked DOTs increase resistance to malicious intent. However, the potential for slashing introduces an element of risk, and any large-scale slashing events might raise concerns about the network's stability, potentially impacting DOT's value negatively.

    Can I mine Polkadot?

    No, you can't mine Polkadot like traditional cryptocurrencies such as Bitcoin or Ethereum. Instead, Polkadot operates on a Nominated Proof-of-Stake (NPoS) consensus mechanism. Within this system, DOT holders can either become validators, responsible for producing blocks and confirming transactions, or nominators, who support validators with their own DOTs. While validators actively participate in the network's operations, nominators back trusted validators and earn a portion of the block rewards in return.

    What is the current price of Polkadot?

    The live price of Polkadot is $7.64 per (DOT/USD) with a current market cap of $11,729,195,456.23 USD. Polkadot's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Polkadot's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Polkadot?

    Over the last 24 hours, the trading volume of Polkadot is $228.53M.

    What is the all-time high of Polkadot?

    The all-time high of Polkadot is $55. This all-time high is highest price for Polkadot since it was launched.

    Can I buy Polkadot on Bitget?

    Yes, Polkadot is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Polkadot guide.

    Can I get a steady income from investing in Polkadot?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Polkadot with the lowest fee?

    Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

    Where can I buy Polkadot (DOT)?

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    Bitget Insights

    Crypto_King_74
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    2h
    Altcoins Worth Watching
    Solana (SOL)$SOL Avalanche (AVAX)$AVAX Polkadot (DOT)$DOT and Chainlink (LINK)$LINK are key altcoins to watch for their innovative solutions in scalability interoperability and decentralized oracles. Algorand (ALGO)$ALGO and VeChain (VET)$VET also show promise in real world applications.
    LINK0.00%
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    BGUSER-6C4QHHQ3
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    The crypto market is indeed evolving, and several altcoins are gaining traction for their innovative
    The crypto market is indeed evolving, and several altcoins are gaining traction for their innovative solutions and potential for growth. Here are some of the notable ones: 1. *Solana (SOL)*: With its fast transaction speeds and growing ecosystem, Solana is making a strong case for itself. Its focus on scalability and usability is attracting developers and users alike. 2. *Polkadot (DOT)*: Polkadot's interoperability focus is a game-changer, enabling seamless interactions between different blockchain networks. This has the potential to unlock new use cases and applications. 3. *Avalanche (AVAX)*: Avalanche's scalable solutions for decentralized applications are gaining attention from developers and investors. Its platform is designed to support a wide range of use cases, from DeFi to gaming. 4. *Chainlink (LINK)*: Chainlink's decentralized oracle network is leading the way in providing secure and reliable data feeds to smart contracts. Its technology is being adopted by a growing number of projects and applications. 5. *Cardano (ADA)*: Cardano's proof-of-stake blockchain is attracting interest for its energy efficiency and scalability. Its focus on security, sustainability, and decentralization is resonating with the crypto community. These projects have strong growth potential and are likely to play key roles in the future of blockchain technology. As the crypto market continues to evolve, it's essential to keep an eye on these innovators and their developments. *Key Takeaways:* - Solana's fast transactions and growing ecosystem make it an attractive option. - Polkadot's interoperability focus is unlocking new use cases and applications. - Avalanche's scalable solutions are supporting a wide range of decentralized applications. - Chainlink's decentralized oracle network is providing secure and reliable data feeds. - Cardano's proof-of-stake blockchain is attracting interest for its energy efficiency and scalability. Stay informed, and stay ahead of the curve in the ever-evolving crypto market!
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    Crypto_King_74
    Crypto_King_74
    1d
    Altcoins Worth Watching
    As the crypto market evolves several altcoins are gaining attention for their potential. Solana (SOL)$SOL stands out with its fast transactions and growing ecosystem. Polkadot (DOT)$DOT is making waves with its interoperability focus while Avalanche (AVAX)$AVAX offers scalable solutions for decentralized applications. Chainlink (LINK)$LINK continues to lead in decentralized oracles and Cardano (ADA)$ADA is drawing interest for its proof of stake blockchain. Keep an eye on these projects as they have strong growth potential and could play key roles in the future of blockchain technology.
    LINK0.00%
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    E_Perry
    E_Perry
    1d
    Comparing OGC’s Market Launch to Other Tokens The launch of a cryptocurrency or token is a pivotal moment for any project, setting the tone for its future growth and adoption. Open Governance Chain $OGC with its focus on decentralized governance, is a recent entrant in a market already populated by a range of established and emerging tokens. To understand how OGC’s market launch compares to other tokens, we must analyze key factors such as initial goals, market reception, tokenomics, partnerships, and technological innovations. This article will compare OGC’s market debut with that of other notable tokens, examining the strategies that shaped their successes or failures. 1. Launch Strategy and Initial Goals The strategy behind a token’s market launch often reflects its long-term vision and objectives. When OGC launched, its focus was on creating a decentralized governance structure, allowing stakeholders to actively participate in decision-making processes. This contrasts with other tokens that may have prioritized raising capital or building a niche ecosystem. • $OGC Launch Strategy: OGC’s market debut aimed at showcasing the value of decentralized governance and blockchain interoperability. Its roadmap emphasized the importance of transparency and community-driven decision-making, making it attractive to users who value autonomy and security in blockchain governance. • Other Tokens’ Launch Strategies: Tokens like Chainlink ( $LINK ) and Aave ( $AAVE ) similarly launched with specific use cases in mind but placed more emphasis on solving particular problems, such as smart contract reliability or decentralized lending and borrowing. While they also employed decentralization, their goals were more service-oriented than governance-focused. 2. Market Reception and Community Building The success of a token’s launch is often measured by the initial reception from investors and the growth of its community. Community engagement, particularly in the early stages, is crucial for fostering trust and participation. • OGC Community Development: Upon its launch, OGC focused on cultivating an active and engaged community of users who were interested in contributing to the platform’s governance and development. Community-driven projects typically face a slower growth curve, but this grassroots approach can build long-term resilience. • Comparing to Other Tokens: In contrast, tokens like Solana ( $SOL ) and Polkadot ( $DOT ) had a more aggressive marketing strategy, focusing on developer adoption and institutional partnerships. Their initial token offerings (ICOs or IEOs) helped attract a significant amount of capital early on, allowing for faster development and ecosystem growth. Solana, for example, gained substantial momentum due to its highly efficient consensus mechanism and low transaction fees, which attracted a vast developer ecosystem and retail investors. 3. Tokenomics and Incentive Structure The design of tokenomics plays a critical role in the adoption and long-term viability of a cryptocurrency. Tokens with sound economic models can incentivize users to hold, stake, or use the token, helping create a stable and growing ecosystem. • OGC Tokenomics: OGC’s tokenomics was designed to encourage active participation in governance through staking and voting. By incentivizing users to hold and use OGC tokens, the project aimed to create a sustainable model where decision-making power is distributed among token holders. • Other Tokens’ Tokenomics: Tokens like Bitcoin ( $BTC ) and Ethereum ( $ETH ) also have strong economic models. Bitcoin’s deflationary supply schedule (with a capped maximum supply of 21 million BTC) has driven its status as a store of value. Ethereum, on the other hand, adopted a more complex model with gas fees and rewards for validators, contributing to its success as the dominant smart contract platform. Projects like Uniswap ( $UNI ) and SushiSwap ( $SUSHI ) offer staking rewards to liquidity providers, which incentivizes token holders to contribute to liquidity pools, fostering ecosystem growth. 4. Technological Innovation and Unique Selling Points Innovation is one of the defining characteristics of successful token launches. Tokens that introduce novel solutions or technologies often attract significant attention and investment. • OGC’s Innovation: OGC’s innovation lies in its emphasis on governance and transparency. The project provides users with the tools to participate in decentralized decision-making processes, potentially reshaping the future of blockchain governance. The focus on governance aligns with the growing trend toward decentralized autonomous organizations (DAOs). • Comparing to Other Tokens: Chainlink’s key innovation is its decentralized oracle network, which securely connects smart contracts with external data. Its utility in DeFi and beyond has made Chainlink a critical component of the blockchain ecosystem. Aave’s innovation in decentralized finance (DeFi) – particularly with its flash loans and staking mechanisms – positioned it as a leader in the DeFi space. Similarly, tokens like Filecoin ( $FIL ) and Helium ( $HNT ) brought unique value propositions in decentralized storage and IoT (Internet of Things), respectively. OGC’s focus on governance, though significant, may not be as immediately captivating as these other technological innovations that address more pressing use cases. 5. Partnerships and Collaborations Strategic partnerships can significantly accelerate a token’s growth, providing access to new markets, increased credibility, and improved technology. • OGC Partnerships: OGC’s market debut was likely more cautious in terms of high-profile partnerships, focusing on building its decentralized governance structure first. It may seek to build partnerships with existing DAOs or blockchain projects in the future to expand its ecosystem. • Other Tokens’ Partnerships: Tokens like Polkadot and Solana strategically aligned with large projects and ecosystems from the outset. Polkadot’s interoperability focus has led it to partner with various blockchain projects, while Solana’s focus on scalability and low fees attracted decentralized applications (dApps) and DeFi protocols. Chainlink’s partnerships with major platforms such as Google Cloud and Oracle have positioned it as an industry leader. The ability of these tokens to secure partnerships early on helped them gain significant momentum post-launch. 6. Regulatory Compliance and Challenges Regulatory challenges are an unavoidable aspect of the cryptocurrency market. Tokens that can successfully navigate regulatory frameworks often enjoy smoother growth and adoption. • OGC’s Regulatory Approach: As a governance-centric project, OGC may face challenges in adhering to regulatory requirements without compromising decentralization. However, by working closely with regulators and ensuring compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations, OGC can position itself as a trustworthy player in the space. • Other Tokens’ Regulatory Landscape: Projects like Binance Coin ( $BNB ) and Tether (USDT) have faced significant regulatory scrutiny due to concerns around market manipulation and lack of transparency. However, tokens like Bitcoin and Ethereum have established themselves as somewhat “regulation-resistant,” mainly due to their decentralized nature and established use ca OGC’s market launch highlights the growing importance of governance and decentralization within the blockchain space. While OGC’s launch strategy places a strong emphasis on community building and long-term growth, its ability to compete with more established tokens depends on its innovation, tokenomics, and market reception. By comparing OGC’s debut to other tokens like Chainlink, Solana, and Aave, it is clear that a combination of technological innovation, strategic partnerships, and community engagement will be key to its success. If OGC can successfully address these aspects and continue to differentiate itself in the governance sector, it may carve out a strong niche in the blockchain ecosystem
    LINK0.00%
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    Doctor-Profit
    Doctor-Profit
    2d
    If you guys want to be poor forever then don't follow me. Follow me if you want to become a millionaire $BTC $ETH $SOL $XRP $DOGE $DOT 🐾
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