Polkadot is a network protocol that allows arbitrary data—not just tokens—to be transferred across blockchains. This means Polkadot is a true multi-chain application environment where things like cross-chain registries and cross-chain computation are possible. Polkadot can transfer this data across public, open, permissionless blockchains as well as private, permissioned blockchains. This makes it possible to build applications that get permissioned data from a private blockchain and use it on a public blockchain. How will DOT price be affected in the future? Let us find out.
True Interoperability
Polkadot enables cross-blockchain transfers of any type of data or asset, not just tokens. Connecting to Polkadot gives you the ability to interoperate with a wide variety of blockchains in the Polkadot network.
Economic and Transactional Scalability
Polkadot provides unprecedented economic scalability by enabling a common set of validators to secure multiple blockchains. Polkadot provides transactional scalability by spreading transactions across multiple parallel blockchains.
Easy Blockchain Innovation
You can create a custom blockchain in minutes using the Substrate framework. Connect your chain to Polkadot and get interoperability and security from day one. This ease of development helps Polkadot’s network grow.
Forkless and Future-Proof
Polkadot can upgrade without hard forks to integrate new features or fix bugs. This capability enables Polkadot to easily adapt to changes and upgrade itself as better technologies become available.
Security for Everyone
Polkadot’s novel data availability and validity scheme allows chains to interact with each other in a meaningful way. Chains remain independent in their governance, but united in their security.
Several projects have been built on the Polkadot ecosystem like DOT, REEF, PHA, XFT, BLZ, CRU, REN, OM, AKRO, XOR, etc.:
You can read more about Polkadot here.
Let us review DOT Price
DOT/USD – Price Prediction
Ever since DOT broke out of the consolidation zone below $7.10, it has been unstoppable and we saw a 6X rise in DOT price. DOT is currently trading just above a crucial support zone of $27.75.If DOT stays above this price, we could start seeing a move towards $35.86, $40.81, $44.81, $48.81, $54.51, $61.77 and $82.73. The current support level of $27.75 is very crucial and if this breaks, there is no substantial support till $18.97.
DOT is currently trading at $30.60 with a market cap of $29,721,635,367. Its 24 hour trading volume was $2,739,400,773.
