Polkadot Price: Will DOT cross $100? – Altcoin Projects


Polkadot Price: Will DOT cross $100?

Polkadot is one of the most promising projects in the crypto space. It is poised to enter and remain as one of the top 5 blockchain project and the development that has been going on since the past few months will soon start reflecting in Polkadot price as well.

Let us review some of the development that has happened in Polkadot ecosystem in the past few months and how it could affect Polkadot price.

Polkadot Developments:
  1. Many new projects were launched on Polkadot like DOT, REEF, PHA, XFT, BLZ, CRU, REN, OM, AKRO, XOR, etc. In the past 10 days, some of these projects increased by more than 50% in price.
    DOT
  2. The transaction speed of Polkadot has reached 1000 transactions per second. This speed is much higher than BTC (10 TPS), ETH (20 TPS) and Paypal (193 TPS). The next higher TPS is by XRP which is 1500 TPS. Solano and VISA provide a very high speed of almost 65000 TPS.
    Transaction Speed
  3. The transaction fee using Polkadot blockchain ($0.15) is much lower than Ethereum blockchain. Ethereum transaction fee is in double digit or triple digit dollars at times.
    Transaction-Fee
  4. Binance has announced a 10 Million Dollar fund for projects that want to develop based on Polkadot ecosystem. There is a much higher chance for these projects to get listed on Binance, one of the world’s top crypto exchanges.
    binance
  5. Over $10 Billion worth of DOT has been staked which is one of the highest staked values. Different platforms different APYs for staking DOT which can go up to 20.27% on Math wallet.
    stake
  6. Polkadot has been one of the favorite projects of not only retail investors but also a lot of VCs. Many top investors have invested in Polkadot. Below is a list of few of the investors:
    1. Binance
    2. Huobi
    3. Web3 Capital
    4. DFG
    5. NGC Ventures
    6. KR1
    7. Arrington XRP Capital
    8. Haskey Hub
      dot

With such strong fundamentals, we could see very high return on investment if we select Polkadot as our investment. Polkadot has the complete potential to cross $100 per DOT in the future.

DOT

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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.



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