Polkadot (DOT), a prominent player in the smart contract platforms category, has experienced a dynamic journey in the financial markets over various timeframes. Let’s delve into the key statistics and market movements that have shaped Polkadot’s recent narrative.
Performance Overview:
- Today: +4.13%
- Week: +1.05%
- 1 Month: -6.85%
- 6 Months: +37.19%
- Year to Date: -15.39%
- 1 Year: +0.96%
- 5 Years: +123.16%
- All Time: -86.12%
These numbers offer a glimpse into Polkadot’s short-term fluctuations and long-term growth, portraying the crypto’s resilience amid market volatility.
Market Metrics:
- Market Capitalization: $8.85 billion USD
- Fully Diluted Market Cap: $9.77 billion USD
- Trading Volume 24h: $137.41 million USD
- Volume / Market Cap: 0.0146
- All-Time High: $55.0000 USD
- Circulating Supply: 1.28 billion DOT
- Max Supply: Not specified
- Total Supply: 1.41 billion DOT
The trading volume and market capitalization figures underscore Polkadot’s substantial presence in the cryptocurrency landscape, with a relatively healthy volume-to-market cap ratio.
The Journey So Far:
Despite the recent dip in the one-month performance (-6.85%), Polkadot has showcased impressive resilience over the past six months, boasting a growth rate of +37.19%. However, the year-to-date figure of -15.39% suggests a more challenging start to 2024.
related: Polkadot Puts Developers Experience First Amid Buzz of 300 Layoffs
Looking Back and Ahead:
Polkadot’s five-year performance of +123.16% is a testament to its potential and the confidence it has garnered from long-term investors. Nevertheless, the all-time percentage change of -86.12% reflects the challenges and market corrections faced by the cryptocurrency since its inception.
Exploring Polkadot:
Polkadot operates as a smart contract platform, providing interoperability between various blockchains. With a circulating supply of 1.28 billion DOT and a market cap of $8.85 billion USD, Polkadot is a significant player in the crypto space.
related: Polkadot and Polygon Make Moves in Crypto Market: A Harbinger of Bigger Crypto Steps?
Where to Find Polkadot:
For those interested in learning more about Polkadot, the official website (polkadot.network) and source code on GitHub offer in-depth insights. Additionally, explorers like polkascan.io provide real-time data on transactions and network activity.
Community Engagement:
Polkadot enthusiasts can connect with the community on X (formerly Twitter), staying updated on the latest developments and engaging in discussions about the platform’s future.
Closing Thoughts:
Polkadot’s recent performance and overall market standing indicate crypto with both challenges and potential. Investors and enthusiasts will be watching closely as the platform continues to evolve, with an eye on how it navigates the ever-changing cryptocurrency landscape.
Disclaimer: Cryptocurrency investments are subject to market risks. Readers are advised to conduct thorough research and consider their risk tolerance before making any investment decisions.