Polkadot 1-Day Trading Volume Tops $167.97 Million (DOT)

Polkadot (DOT) traded 2.2% lower against the dollar during the 24-hour period ending at 8:00 AM E.T. on February 6th. In the last week, Polkadot has traded down 21.7% against the dollar. One Polkadot coin can currently be purchased for approximately $4.70 or 0.00004769 BTC on major cryptocurrency exchanges. Polkadot has a total market capitalization of $7.27 billion and approximately $167.97 million worth of Polkadot was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

• GMX (GMX) traded up 0.6% against the dollar and now trades at $17.10 or 0.00017348 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower 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 up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 0.3% against the dollar and now trades at $98,520.36 or 0.99944674 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.6% higher against the dollar and now trades at $98,170.70 or 0.99589966 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Polkadot Profile

Polkadot’s genesis date was August 18th, 2020. Polkadot’s total supply is 1,545,870,766 coins. Polkadot’s official website is polkadot.com. Polkadot’s official Twitter account is @polkadot and its Facebook page is accessible here. Polkadot’s official message board 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.

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 presently possible to purchase alternative cryptocurrencies such as Polkadot directly using US dollars. Investors seeking to trade Polkadot should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Polkadot using one of the aforementioned exchanges.

DOT/USD price chart by TradingView