160
Polkadot is a heterogeneous multi-chain interchange and translation architecture which enables customized side-chains to connect with public blockchains, created by Gavin Wood.
The total supply of DOT is 1,082,533,165 and the circulating supply is 951,809,008.23.
You can learn more here and here.
Well right now Polkadot (DOT) is the 9th market and recently KUSAMA launched a Parachain auction and price skyrocketed from the region of 300$ to 500$ in a few day.
WHY IS KSM IMPORTANT?
Kusama is a scalable multi-chain network for radical innovation and early stage Polkadot deployments.
So we can say the KSM is sister of DOT.
So once the KSM auction is completed, there will be a lot of interest in Polkadot.
WHY?
So when this happen DOT prices will rise for sure.
WHEN WILL THIS HAPPEN?
In theory in the next 2-3 months, but like everything in the crypto world nothing is certain.
CONCLUSION
I really think that investing in DOT now is a really good investment, showing a lot of good potential and looking a the DOT price chart during the bull run the minimum price target is at least the previous ATH.
BUT PLEASE REMEMBER
DO YOUR OWN RESEARCH before investing your money.
PS: I’m not a financial advisor, never invest all your money in crypto, to have a stop loss is very important!
