Polkadot (DOT) Self Reported Market Cap Hits $5.96 Billion

Polkadot (DOT) traded 3.9% lower against the U.S. dollar during the one day period ending at 8:00 AM E.T. on November 1st. Over the last week, Polkadot has traded down 5.2% against the U.S. dollar. Polkadot has a total market cap of $5.96 billion and $161.76 million worth of Polkadot was traded on exchanges in the last day. One Polkadot coin can now be bought for $3.94 or 0.00005618 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded down 3% against the dollar and now trades at $69,973.87 or 0.99802915 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 3.4% against the dollar and now trades at $69,650.02 or 0.99341011 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Polkadot Profile

Polkadot launched on August 18th, 2020. Polkadot’s total supply is 1,512,778,583 coins and its circulating supply is 1,512,778,582 coins. The official message board for Polkadot is forum.polkadot.network. The Reddit community for Polkadot is https://reddit.com/r/polkadot and the currency’s Github account can be viewed here. The official website for Polkadot is polkadot.network. Polkadot’s official Twitter account is @polkadot and its Facebook page is accessible here.

According to CryptoCompare, “Polkadot is a blockchain network that allows users to launch and operate their own blockchains, called parachains, on top of the main Polkadot blockchain, called the relay chain. The relay chain does not support smart contracts, but parachains can. This allows for a growing ecosystem of blockchains with varying features and secure transactions, all using the resources of the relay chain. Polkadot also includes bridges to allow interaction with other blockchains, such as token swaps without a centralized exchange. The native cryptocurrency, DOT, serves as the governance token, allowing holders to stake and vote on network upgrades and participate in governance. Staking DOT also yields returns and can be bonded to secure a parachain slot. The project was founded by Ethereum co-founder Gavin Wood and is overseen by the non-profit Web3 Foundation, which maintains the open-source code and allocates funds for development.”

Buying and Selling Polkadot

It is usually not possible to purchase alternative cryptocurrencies such as Polkadot directly using U.S. dollars. Investors seeking to trade Polkadot should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Polkadot using one of the exchanges listed above.

DOT/USD price chart by TradingView