Polkadot (DOT) is a decentralized cryptocurrency platform for applications with a wide range of technological solutions. The startup seemed so interesting to investors and developers that soon after the launch, its token managed to take an honorable place in the top 10 in terms of capitalization. As of July 2, 2021, it is on the 9th line in CoinMarketCap.
What is Polkadot?
Polkadot is a decentralized Web3 platform. The technology implemented in Polkadot is able to combine all existing blockchains into one ecosystem, which will open up great opportunities for both developers and users. The key feature of the Polkadot project is that the network is multi-chain and combines many blockchains at once. Due to this, the system can process a huge number of transactions simultaneously and can be infinitely scaled. Any blockchain can be connected to this ecosystem, for this purpose a special technology has been developed that combines various chains with the main Polkadot blockchain. DOT is a native cryptocurrency of the Polkadot network. It is used to manage the network and gives the owners a certain degree of control over the protocol.
Why should I trade Polkadot?
If you are wondering why you should choose DOT for trading, here are some reasons for you:
- In a short period of its existence, DOT has already entered the top 10 crypto assets, with a rapidly growing market capitalization.
- Due to the youth of the coin, it is extremely volatile. The volatility of the DOT makes it a profitable financial instrument.
- The project is still in its infancy, but it has already shown an upward trend and is setting one historical maximum after another.
After the initial coin offering (ICO) in 2017, the DOT token was finally launched in August 2020 at a price of $2.7. The price of the DOT cryptocurrency fluctuated between $3 and $5 for the rest of the year, and at the end of December it rose from $5 to $8, when the overall growth of the cryptocurrency market began. The value of the coin soared to a historic high of $49.69 on May 15, 2021, and has been quite volatile since then. As of July 2, 2021, the value of DOT is $15, and the market capitalization of the asset is approximately $14,652,937,006.
Where to exchange Polkadot
DOT has been listed on many popular crypto exchanges and brokers, so it will not be difficult to exchange it. Among the best platforms are:
- Binance – secure exchange, when registering a new account, customers are asked to configure two-factor authentication (2FA). The website also uses the Cryptocurrency Security Standard (CSS) to protect accounts.
- 7b – a broker with a simple and clear functionality, supports all cryptocurrencies that have been listed on Binance.
- OKEx – a reliable and secure platform. Multiple choice of trading instruments and cryptocurrencies makes OKEx convenient for traders.
How to exchange Polkadot using the 7b crypto broker app?
Our user friendly interface allows you to exchange DOT in just a few clicks:
- Log in to your 7b account and deposit the funds.
- Select a trading pair.
- Enter the amount.
- Confirm the transaction.
FAQ
Is Polkadot a good investment?
DOT is definitely the cryptocurrency that should be added to your crypto portfolio. In just a year of trading, DOT quotes increased from $2 to $15. And the all-time high was almost $50. Taking into account the prospects of the project, DOT will set many more records in the near future.
How do I invest in DOT?
Investing in any cryptocurrency entails some risks due to market volatility. Therefore, it is recommended to properly diversify your critical portfolio, so if the exchange rate of one currency falls and the other rises, you will significantly save your funds. On 7b, investing in any cryptocurrency is quick and easy: log in to your account, select a cryptocurrency pair to trade, enter the amount, and confirm the transaction. Store your DOT on a secure wallet.
How to trade Polkadot for beginners?
Do not be greedy and correctly set the stop loss and take profit levels. Despite the fact that a crypto asset can suddenly increase in price, do not change your strategy, as it can also suddenly fall. On 7b, it is easier to trade DOT than anywhere else: log in to your account and top it up, select a trading pair, enter the transaction amount, and confirm it.
How to buy Polkadot cryptocurrency?
You can buy DOT at the most competitive rates on the crypto market on 7b. To do this, you just need to: log in or sign up for an account, deposit funds, enter DOT in the search bar, select a cryptocurrency for payment, and confirm the transaction.
What is the Polkadot Blockchain?
Polkadot is a decentralized Web3 platform created with the aim of connecting blockchains. The ecosystem facilitates the development and connection of decentralized applications and services. Today, the project is widespread and in demand and is among the top 10 cryptocurrencies by market capitalization.
