Polkadot (DOT) Coin The current CoinMarketCap ranking is #12, with a live market cap of $16,716,276,648 USD. It has a circulating supply of 987,579,315 DOT coins and the max. supply is not available.
Polkadot (DOT) Coin Price Prediction 2022
According to Polkadot Price Prediction experts, the DOT coin price will reach $35 in Q1 of 2022; the crypto can further show the bullish trend of $38 in Q2, gaining $44 by the end of 2022.
Dollar to Polkadot forecast for March 2022.
In the beginning price at 0.058 Polkadots. Maximum price 0.081, minimum 0.050. The average for the month was 0.065. The USD to DOT forecast at the end of the month is 0.069, a change from March 19.0%.
USD to DOT predictions for April 2022.
In the beginning price at 0.069 Polkadots. Maximum price 0.088, minimum 0.059. The average for the month was 0.075. The USD to DOT forecast at the end of the month was 0.082, a change from April 18.8%.
Dollar to Polkadot forecast for May 2022.
In the beginning price at 0.082 Polkadots. Maximum price 0.105, minimum 0.082. The average for the month was 0.092. The USD to DOT forecast at the end of the month is 0.098, a change from May 19.5%.
USD to DOT predictions for June 2022.
In the beginning price at 0.098 Polkadots. Maximum price 0.117, minimum 0.098. The average for the month is 0.105. The USD to DOT forecast at the end of the month is 0.108, a change from June 10.2%.
Dollar to Polkadot forecast for July 2022.
In the beginning price at 0.108 Polkadots. Maximum price 0.108, minimum 0.087. The average for the month was 0.099. The USD to DOT forecast at the end of the month was 0.093, a change for July -of 13.9%.
USD to DOT predictions for August 2022.
In the beginning price at 0.093 Polkadots. Maximum price 0.110, minimum 0.093. The average for the month is 0.100. The USD to DOT forecast at the end of the month was 0.102, change for August was 9.7%.
Dollar to Polkadot forecast for September 2022.
In the beginning price at 0.102 Polkadots. Maximum price 0.102, minimum 0.083. The average for the month is 0.094. The USD to DOT forecast at the end of the month was 0.088, a change from September -to 13.7%.
USD to DOT predictions for October 2022.
In the beginning price at 0.088 Polkadots. Maximum price 0.093, minimum 0.081. The average for the month was 0.087. The USD to DOT forecast at the end of the month was 0.086, a change from October -by 2.3%.
Dollar to Polkadot forecast for November 2022.
In the beginning price at 0.086 Polkadots. Maximum price 0.110, minimum 0.086. The average for the month was 0.096. The USD to DOT forecast at the end of the month is 0.103, change for November was 19.8%.
USD to DOT predictions for December 2022.
In the beginning price at 0.103 Polkadots. Maximum price 0.131, minimum 0.103. The average for the month was 0.115. The USD to DOT forecast at the end of the month was 0.122, a change from December 18.4%.
The predicted rise by the year-end: +80%. In the middle of 2022, we expect to see $53.70 per 1 Polkadot. In the first half of 2023, the Polkadot price will climb to $69.81. Coin Price Forecast
Based on our Polkadot price prediction, a long-term increase is expected, the price prognosis for 2026 is $492.17. With a five years profitable investment option, the revenue is expected to be around +392.17%.
According to Polkadot price predictions, DOT prices might grow massively in six years, say by 2026, it should have a clear rally around $100 to $110. Digital Coin Price
There is hope for consolidating trends that point towards the fact that there is hope for Polkadot, and it may cross the $138.291 mark by the end of one year. GOV Capital
Polkadot (DOT) has a bright future and will see the bull ride around 2024 with Polkadot price predictions crossing $44.773. Trading Beasts Polkadot Prediction 2022-2026
These five years would bring an increase: Polkadot’s price would move from $68.75 to $125.53, which is up 83%. Polkadot will start 2023 at $68.75, then soar to $84.22 within the first six months of the year and finish 2023 at $99.38. That means +171% from today.
What Is Polkadot (DOT)?
Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating the cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a meta protocol, Polkadot is also capable of autonomously and effortlessly updating its own codebase via on-chain governance according to the will of its token holder community.
Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services.
The Polkadot protocol can connect public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain (explained further down).
Polkadot’s native DOT token serves three clear purposes: staking for operations and security, facilitating network governance, and bonding tokens to connect parachains .
Polkadot has four core components:
Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains;
Parachains: independent chains that can have their own tokens and be optimized for specific use cases;
Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model;
Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum.
Who Are the Founders of Polkadot?
Polkadot is the flagship protocol of Web3 Foundation, a Swiss Foundation with a mission to facilitate an open-source, fully functional and user-friendly decentralized web.
Polkadot’s founders are Dr Gavin Wood, Robert Habermeier and Peter Czaban.
Wood, Web3 Foundation’s president, is the most well-known of the trio thanks to his industry influence as Ethereum co-founder, Parity Technologies founder and the creator of the smart contract coding language Solidity. Wood is also credited with coining the term Web3.
Habermeier is a Thiel Fellow and accomplished blockchain and cryptography researcher and developer. Czaban is the former Technology Director at Web3 Foundation, with a wealth of experience across highly specialized fintech industries.
What Makes Polkadot Unique?
Polkadot is a sharded multichain network, meaning it can process many transactions on several chains in parallel (“parachains”). This parallel processing power improves scalability.
Custom blockchains are quick and easy to develop using the Substrate framework and Substrate blockchains are designed to be easy to connect to Polkadot’s network. The network is also highly flexible and adaptive, allowing the sharing of information and functionality between participants. Polkadot can be automatically upgraded without the need for a fork in order to implement new features or remove bugs.
The network has a highly sophisticated user-driven governance system where all token holders have a vote in how the network is run. Teams can customize their own blockchain governance on Polkadot based on their needs and evolving conditions. Nominators, validators, and collators all fulfil various duties to help secure and maintain the network and eradicate bad behaviour.
At the end of 2021, Polkadot successfully concluded its first Parachain auctions. The Parachain auctions followed an un-permission candle auction system. The winning bid is the highest bid at the random moment the auction ends.
Polkadot assigned the first five slots to the following auction winners: Acala, Moonbeam, Astar, Parallel and Clover. These projects will have their para chain slots locked in for 96 weeks, guaranteed by the DOT bidders committed as collateral. As customary on Polkadot, all projects had previously been battle-tested on its de-facto testnet Kusama.
How Many Polkadot (DOT) Tokens Are There in Circulation?
Following the network’s redenomination after a referendum on Polkadot, DOT balances increased by 100, so one old DOT was equivalent to 100 new DOT. This meant that the initial maximum supply of 10 million old DOT in August 2020 became 1 billion new DOT tokens. The redenomination was undertaken purely to avoid the use of small decimals and make the calculation easier. While all balances were increased by a factor of one hundred, this did not impact the distribution of DOT or holders’ proportional share.
Polkadot’s first initial coin offering (ICO) was held in October 2017, and the Polkadot price was $0.29, with 2.24 million tokens offered. The second ICO was held in July 2020, and the Polkadot price offered was $1.25, and 342,080 DOT tokens were sold.
How Is the Polkadot Network Secured?
The network uses an NPS (nominated proof-of-stake) mechanism with validators and nominators. Nominators back validators with their tokens. These staked tokens maximize chain security by making it prohibitively expensive to misbehave.
Validators are staked on the Relay Chain and confirm transactions coming from the different park chains. This unique validity scheme enables chains to interact with each other securely under the same rules, yet remain independently governed.