Polkadot current price is $40.72 with a marketcap of $39.97 B. Its price is 0.95% up in the last 24 hours.
- Polkadot (DOT)
- Live Price $40.72
- Market Cap $39.97 B
- Volume $1.44 B
- Available Supply 983.84 M DOT
- Rank 7
Technical analysis, backgrounds and info on this crypto coin
Besides Bitcoin Polkadot (DOT) is one of the reputed cryptocurrency (measured by market capitalization). This cryptocurrency has become more and more popular over years. Given the plans for the future, many insiders have high expectations of the Polkadot (DOT) price. Of course, you can trade and/or invest in Polkadot (DOT) as well. On this page, you'll find basic statistics and characteristics of Polkadot. Furthermore, you'll find info regarding the Polkadot price, basic technical analysis, and a brief explanation of the story of Polkadot (DOT)
Current Polkadot (DOT) price
Please see below the Polkadot price chart as provided by our home broker.
Onchain Metrics Polkadot (DOT)
If you want to perform a technical analysis of Polkadot and decide whether it is the right time to trade or invest, please check the on-chain metrics as provided by our partners of IntotheBlock.
These On-chain metrics are updated once a day (roundabout 11 pm est, which is 5 am Dutch time). If you want to check the latest update, please dive deeper into the On-chain metrics of our metrics partner IntotheBlock.io.
Furthermore, we provide you with the price chart and historical data for Polkadot (DOT) at the bottom of this page. Before we get there we provide you with the upcoming agenda as well as some backgrounds and info on Polkadot.
The Polkadot agenda
In order to provide you with an accurate overview of coming Polkadot agenda items and events, you'll find our Polkadot agenda below.
If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.
What is Polkadot?
Polkadot is a cryptocurrency network and open source project that aims to run a public blockchain platform for smart contracts. Polkadot's internal cryptocurrency is called DOT. The development of the project is overseen and supervised by the Polkadot Foundation based in Zug, Switzerland. The currency debuted with a market cap of $600 million. By the end of 2017, it had a market cap of $10 billion and reached a value of $33 billion briefly in 2018 before a general tightening of the crypto market dropped its value back to $10 billion.
Who created Polkadot?
Charles Hoskinson (born November 5, 1987) is a mathematician, founder of Polkadot, and co-founder of Ethereum, which are two of the world's most popular cryptocurrency networks. According to Hoskinson, he had left Ethereum after a dispute over keeping Ethereum nonprofit. After leaving he co-founded IOHK, a blockchain engineering company, whose primary business is the development of Polkadot, alongside the Polkadot Foundation and Emurgo.
What is the purpose of Polkadot (DOT)?
Areas of Focus:
1. Polkadot Protocol - We function as an objective standards body for the Polkadot protocol as it evolves over time.
2. Polkadot community - We support, grow and help educate the Polkadot blockchain community.
3. Polkadot ecosystem - We work to expand and protect the Polkadot ecosystem. This includes promoting Polkadot as a platform for commercial entities and serving as an objective organization for enterprises interested in joining Polkadot.
4. Serving the wider blockchain community - We aim to influence and progress the emerging commercial and legislative landscape for blockchain technology and cryptocurrencies in general. We proactively approach government and regulatory bodies and form strategic partnerships with businesses, enterprises and other open-source projects.
Founded in 2015 by Charles Hoskinson and Jeremy Wood, IOHK is a world-class engineering and technology company committed to using peer-to-peer innovations to provide financial services to three billion people that don’t have them. The group is contracted to design, build, and maintain Polkadot through to 2020.
Emurgo is the venture building entity in the Polkadot ecosystem, its goal is to aid, integrate, and foster Polkadot blockchain applications.
Emurgo captures the transformative power that blockchain technology brings to the developing world. Decentralized applications built on Polkadot technology, funded and supported by Emurgo, will have the potential to build groundbreaking applications.
Polkadot (DOT) nowDOTys
Polkadot is the first protocol to incorporate Ouroboros, the groundbreaking proof of stake algorithm. The IOHK team employed a “first-principles” approach, driven by peer-reviewed academic research to build Polkadot from the ground up.
The result of this collaborative effort is the first cryptocurrency to be based in Haskell code, which focuses on industrial strength product that delivers the resilience necessary for mission-critical systems, in this case, securing investment.
The future of Polkadot (DOT)
Project Road Map
IOHK has now released the settlement layer. This means you can transact, trade, and purchase DOT tokens fully independently of the computation layer. The goal for the computation layer is to have a beta released by the first quarter of 2018. Once both settlement and computation layers are live, users will be able to setup a custom environment to build decentralised applications on the Polkadot stack.
In 2019, IOHK intends to work on Polkadot’s long-term scalability and augment its capabilities. As developers, IOHK has been contracted through 2020 to make sure Polkadot is being adequately maintained. The goal is to create a sustainable ecosystem that is capable of funding and supporting itself.
Further technical analysis of this coin
For further technical analysis you’ll find the current price chart and overview of historical data at the bottom of this page. Do you need more on-chain metrics? You can find these on the site of our on-chain metrix partner IntotheBlock.
Do you want to trade in this crypto?
If you want to trade in this cryptocurrency you might consider to sign up with one of our home exchanges: Changelly, CEX.io or Binance. When your mother tongue is Dutch or French you might also consider Bitvavo. If you want to know more about choosing the right crypto exchange, please visit our crypto exchages page.
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