Polkadot experienced 100% growth in the last two weeks. It is placed as the 8th cryptocurrency in CoinMarketCap ranking after Cardano. In fact, Polkadot price surge was the result of official launch of DOT token trading in Aug, 2020. In this post we are going to take a deeper look at this project, which know as Ethereum killer in cryptocurrency world.
Actually, Polkadot belongs to a Swiss-based company named “Web3Foundation”. This foundation had a busy year in 2020. In this year Polkadot held an event consists of famous experts in blockchain technology. In this event, they reviewed Polkadot performance as well as its future plans.
One of the plans, which they introduced was PolkaBTC. In simple words, Polkadot is going to add Bitcoin to its blockchain. As a result, users would be able to participate in DeFi projects using Polkadot network.
In Addition, Polkadot financially supported around 200 projects similar to what Ethereum did previously. Consequently, it will expand the community as well as Polkadot network.
Polkadot’s New Year Plans
In this new year also Polkadot intended to increase its integrated blockchain projects and have a collaboration with other blockchain networks. On the other hand, attracting and employing new programmers will create a better future for Polkadot. Although Ethereum could be successful in this field, Polkadot employed even more programmers compare to Ethereum first years.
Ethereum Killer Is On The Way; Investing in Polkadot
If you are interested in investing on this coin, it is better to know that DOT released in low volume at first and its price could surge to around $500. After a while, the token supply increased 100 times and its price declined to $5 respectively. However, the available tokens held by investors increased by 100 times as well.
On condition that the foundation did not release new tokens, the current price of DOT should be around $1000.
Furthermore, each blockchain legs of Polkadot ecosystem has its own special token, which showed a positive performance so far. Kusama is one of these tokens, which had a significant growth.