Polkadot Crypto is Undervalued right now!

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29 Apr 2022
139

Today, Polkadot (DOT) ranks right up there with Bitcoin (BTC) and Ethereum as one of the most well-known and established cryptocurrencies available (ETH).

Co-founder of Ethereum and developer of the Solidity programming language, Gavin Wood also co-founded Polkadot. 

Polkadot began using Solidity, but it quickly evolved into its programming language, known as Substrate, due to the project's magnitude.

Polkadot is a project worth keeping an eye on as a pioneer in blockchain interoperability, which is still in its infancy. 

An ecosystem of a core "Relay Chain" responds to the entire network's consensus mechanism and security, allowing the network to perform up to 1,000 transactions per second (TPS). 

It also incorporates "parachains" that operate independently but report back to the main Relay Chain for mission-specific use cases.

With the Polkadot blockchain, users may traverse other blockchains by connecting to external bridges, which link to other networks.

Polkadot presently has a market capitalization of over $17 billion, among the top 15 most valuable cryptocurrencies today.

The price of DOT has fallen drastically in the last three weeks and is now trading around $17 per token. It's impossible to forecast the market's future moves, but DOT remains a wonderful bargain at present levels.

Financial Disclaimer


The Content in this article is for informational purposes only; you should not construe any such information or other material as legal, tax, investment, financial, or other advice. 

Nothing herein constitutes a solicitation, recommendation, endorsement, or offer to buy or sell securities or other financial instruments. 

Investing in Cryptos constitutes considerable risk, Do your research before investing in Cryptocurrencies.

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5 Comments

B
MBA ChitChat
yep keeping an eye on it !
Johnson Chau
I'm beginning to feel quite bullish on polkadot. A blockchain for blockchains can be a tipping point to finally allow interoperability with all cryptocurrencies.
godelicious
Also some good projects launching on DOT
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