Polkadot Trading Down 4.6% Over Last Week (DOT)

Polkadot (DOT) traded up 0.5% against the US dollar during the 1-day period ending at 15:00 PM ET on November 1st. Polkadot has a total market capitalization of $5.95 billion and $148.12 million worth of Polkadot was traded on exchanges in the last day. Over the last seven days, Polkadot has traded down 4.6% against the US dollar. One Polkadot coin can currently be bought for $3.93 or 0.00005666 BTC on major 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 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.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 1.2% lower against the dollar and now trades at $69,456.86 or 1.00143361 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.4% lower against the dollar and now trades at $69,356.08 or 0.99998055 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Polkadot

Polkadot launched on August 18th, 2020. Polkadot’s total supply is 1,513,141,922 coins and its circulating supply is 1,513,138,732 coins. The Reddit community for Polkadot is https://reddit.com/r/polkadot and the currency’s Github account can be viewed here. Polkadot’s official website is polkadot.network. The official message board for Polkadot is forum.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 presently 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 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