Ethereum competitor Polkadot (DOT) is quietly printing massive gains after receiving new adoption from the crypto exchange Binance.
In the last seven days, DOT soared from a low of $4.77 on December 24th to an all-time high of $7.65 today, December 30th, according to CoinMarketCap. The move represents an increase of 60% in a span of six days.
Polkadot’s ascent comes a day after Binance announced a $10 million funding for projects built around the Polkadot ecosystem. The multi-million-dollar investment is part of the exchange’s efforts to bring the decentralized finance experiences to its users.
Since the announcement, Polkadot has replaced ETH on Binance’s homepage, which has given the currency more exposure and more ground to potentially rival the world’s second-largest cryptocurrency.
— PolkaWorld (@polkaworld_org) December 28, 2020
A fast-growing blockchain ecosystem, Polkadot tackles one of the most pressing issues facing the crypto space by facilitating the transfer of any data, not just tokens, between blockchains.
The protocol’s native asset, DOT, has three purposes. It serves as a governance token, giving token holders complete control of the protocol. It also allows holders to stake their tokens to keep the network secure. In addition, DOT enables holders to bond tokens to create new parachains.
According to Binance, Polkadot currently supports hundreds of projects.
“Polkadot is a fast-growing blockchain ecosystem supporting over 300 ecosystem projects to-date, including the recently launched Reef Finance. As a multi-chain operating environment, Polkadot supports cross-chain registries, computation, assets and data transfer.”
$33M Injected Into XRP Products Within One Week Boosting AUM Of the Sector Up
How Is the XRP Lawsuit Going And How Investors Make More Money on the Recent Fluctuation of XRP Prices?
XRP Holders are Seeking intervention in the SEC’s Lawsuit Against Ripple
New Report Says Ripple Is A Potential Competitor To Indian Traditional Banking System
A Major US News Magazine is Now Accepting Crypto for Subscriptions
Recent Press Release
The Best NFT & DeFi Project Token Sale, TimeCoin(TMCN)
The best opportunity to invest in TimeCoin(TMCN) to realize both capital and income gain. The Special Token Sale of TimeCoin...
Place 1xBit bet BTC and Win
cryptocurrency is very much valued in the modern world, because it allows fast and secure transactions in different parts of...
Hips Payment Group Launches Merchant Token (MTO), a Cryptocurrency That Will Bring Consumer Protection to Blockchain Payments
Solution supports decentralized finance (DeFi) trend with consumer protection via smart contracts. DUBLIN, Ireland (April 1, 2021) – HIPS Payment...
Best 5 Crypto Social Trading Platforms
Over the past few years, technology has brought about drastic changes in how people approach the subject of investment. As...
TimeCoin (TMCN) Special Token Sale is Live Join Now!
The Special Token Sale of TimeCoin (TMCN) was launched on February 15th, 2021, with a 93% discount on the token’s...