Polkadot 1-Day Trading Volume Tops $167.97 Million (DOT)

Polkadot (DOT) traded down 2.2% against the U.S. dollar during the 1 day period ending at 8:00 AM ET on February 6th. One Polkadot coin can now be bought for approximately $4.70 or 0.00004769 BTC on popular exchanges. During the last week, Polkadot has traded 21.7% lower against the U.S. dollar. Polkadot has a market capitalization of $7.27 billion and $167.97 million worth of Polkadot was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed during the last day:

• GMX (GMX) traded up 0.6% against the dollar and now trades at $17.10 or 0.00017348 BTC.
• 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 0.3% higher against the dollar and now trades at $98,520.36 or 0.99944674 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.6% higher against the dollar and now trades at $98,170.70 or 0.99589966 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Polkadot Coin Profile

Polkadot launched on August 18th, 2020. Polkadot’s total supply is 1,545,870,766 coins. The official message board for Polkadot is forum.polkadot.network. Polkadot’s official Twitter account is @polkadot and its Facebook page is accessible here. Polkadot’s official website is polkadot.com. The Reddit community for Polkadot is https://reddit.com/r/polkadot and the currency’s Github account can be viewed 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 possible to buy alternative cryptocurrencies such as Polkadot directly using U.S. dollars. Investors seeking to acquire Polkadot should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Polkadot using one of the exchanges listed above.

DOT/USD price chart by TradingView