Polkadot Profile

Polkadot is trading at 7.02 as of the 28th of September 2022, a 1.67 percent increase since the beginning of the trading day. Cryptocurrency ratings for Polkadot are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of August 2022 and ending today, the 28th of September 2022. Click here to learn more.
Polkadot is an online market maker for p2p online currency indicated as Cryptocurrency. Please note that Polkadot has not been traded in the last 3 months and is extremely volatile. Cryptocurrencies such as Polkadot are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Polkadot are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Polkadot Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Polkadot's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Polkadot or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Polkadot is not yet fully synchronised with the market data
Polkadot generated a negative expected return over the last 90 days
Polkadot has high historical volatility and very poor performance
Latest headline from www.coindesk.com: White House Crypto Mining Report Draws Praise From Advocates and Critics Alike - CoinDesk
Thematic IdeaUSD Crypto Fund (view all)
Polkadot is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 28 exchanges in multiple currencies. What is Polkadot?Polkadot is a blockchain network often described as a “blockchain of blockchains, as it allows users to launch and operate their own blockchains on top of the main Polkadot blockchain. This main blockchain, called the relay chain, does not support smart contracts, but other blockchains connected to it can support them.As a result, Polkadot is set to become a growing ecosystem of cryptocurrencies that competes with other smart contract networks such as Ethereum, the Binance Smart Chain, and more. It was launched in 2020 and brings a number of technical features that help it reach its goal.The user-created blockchains, called parachains, benefit from the same security of the relay chain where transactions are permanent, but can be customized by the users. Polkadot’s design allows it to become a network of blockchains with secure transactions and varying features, all while using the resources of its relay chain.Polkadot’s design is new and unique, but developers and users are able to experiment in a real economic environment called the Kusama network. Kusama can be seen as a sandbox for users and developers to test early versions of what will be launched on Polkadot in a network with a valuable cryptocurrency traded on the open market.Polkadot will also include bridges, which allow the Polkadot network to interact with other blockchains. Through bridges, Polkadot users will, for example, be able to swap tokens without a centralized exchange.What Is DOT Used For?DOT is the native cryptocurrency of the Polkadot network and serves as its governance token. DOT holders can stake their tokens to vote on network upgrades and help decide the future of Polkadot by actively participating in its governance.DOT holders can influence the project’s governance by voting on changes, and by electing the Council members. These are responsible for proposing changes and determining which ones are made to the software.Staking DOT also yields returns as holders are at the same time securing the network and validating transactions. Polkadot rewards DOT stakers with newly minted tokens based on the amount they are staking.DOT can also be bonded to connect a chain to Polkadot as a parachain. The token has the ability t be locked for a specific period to secure a parachain slot in the network.Who Created Polkadot?The Polkadot project was founded by Ethereum co-founder Gavin Wood, along with Peter Czaban and Robert Habermeier in 2016. Wood is the developer behind Solidity, the coding language used to write smart contracts on Ethereum and has experience as a research scientist at Microsoft.Wood is the president of the Web3 Foundation, a non-profit organization that conducted Polkadot’s token sales. The foundation was co-founded with Pete Czaban and received 30% of the proceeds. IT oversees the allocation of funds to further the development of Polkadot.The Web3 Foundation also maintains Polkadot’s open-source code and supports its use.Where Can You Buy DOT?The cryptocurrency is currently being traded on most top cryptocurrency exchanges, including Coinbase, Kraken, Binance, OKEx, and others. You can find out more about Polkadot and its trading volume on our analysis tab.
Coin TypePolkadot
IndustryFinancial and Insurance Activities
FINMAUtility
FCAUtility
AccessPermissioned
Collateralized AssetNo
SymbolDOT
RatingC+
Market Performance RatingD-
NameDOT
Sponsoredfalse
White PaperView
Decimal Points10.0
Is Tradingtrue
Asset Launch Date2020-08-18
Full NamePolkadot (DOT)
Asset Website Urlhttps://polkadot.network/
Asset Token StatusFinished
Block Number9.86 Million
Platform Typeblockchain
Coin NamePolkadot
Total Coins Mined1.24 Billion
Polkadot (DOT) is traded on CRYPTO Exchanges. Polkadot is peer-to-peer digital currency powered by the Blockchain technology.

Polkadot's Exchanges and Markets

EXX Bitstamp ZBG Coinbase Kraken Poloniex ABCC BitMart Binance Korbit DigiFinex CoinBene Bitkub Gemini Bithumb LBank Liquid HitBTC Bitfinex ZB Kucoin Exmo Coinone P2PB2B Bibox Bitso CoinEx Tokenomy

Polkadot Target Price Odds Analysis

What are Polkadot's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Polkadot jumping above the current price in 90 days from now is about 77.04%. The Polkadot probability density function shows the probability of Polkadot crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Polkadot has a beta of 0.9163 suggesting Polkadot market returns are sensitive to returns on the market. As the market goes up or down, Polkadot is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Polkadot is significantly underperforming DOW.
  Odds Below 7.02HorizonTargetOdds Above 7.02
22.85%90 days
 7.02 
77.04%
Based on a normal probability distribution, the odds of Polkadot to move above the current price in 90 days from now is about 77.04 (This Polkadot probability density function shows the probability of Polkadot Crypto Coin to fall within a particular range of prices over 90 days) .

Polkadot Technical Overview

A blockchain interoperability protocol called Polkadot was created to allow communication between various blockchains. The goal of this shared network is to link specialized chains and improve interoperability in the blockchain community. The protocol aims to give teams the tools they need to create creative projects without starting from scratch. Polkadot can enable high transaction throughput by sharding and parallel processing, allowing blockchain applications on the network to run at scale. The blockchain and DLT industries are already buzzing about this highly ambitious initiative. Polkadot was developed to build an open ecosystem for all blockchains and decentralized app (dapp) platforms. The project distinguishes out from many other blockchains in development not only because of the purpose it seeks to accomplish but also for several additional factors. Let's explore what makes Polkadot so intriguing now.

Multichain

Polkadot is a multichain, one significant distinction that sets it apart from other blockchains. Polkadot, which is frequently referred to as a layer 0 blockchain, develops the foundation upon which other blockchains can build using two significant innovations: the relay chain and parachains. Parallel blockchains, also known as parachains, are a network of interconnected blockchains that connect Polkadot to external chains and interact via the relay chain. Convergence and cross-chain interoperability across the several blockchains are provided via the relay chain. Relay chains offer shared security, making all other chains as secure as Polkadot because they link all parachains to the Polkadot blockchain.

Parallel Processing

The ability of Polkadot to process transactions in parallel sets it apart from other blockchains. Some blockchains, like the Ethereum network, execute transactions one at a time, which might increase transaction latency. Polkadot leverages its parachains to disperse transactions across the more extensive network to accelerate transaction times. One parachain can handle use-case-specific duties while the Polkadot chain and other parachains continue to manage others since parachains allow various blockchains to operate within the Polkadot network.

Twin Blockchain

The cousin of Polkadot, Kusama, is a third aspect that sets it apart from other blockchains (KSM). Despite having the same codebase, Polkadot and Kusama both run separately.  Kusama is a fast and wild blockchain that enables users to test fresh code updates and experiment with the ecosystem. On the other hand, Polkadot is far more stable, and updates happen more gradually. Despite the Kusama blockchain appearing to be Polkadot's testnet due to experimentation and development, it is a mainnet blockchain. Polkadot gains from this for two reasons. First, Polkadot may learn from its failures and adopt improvements once they have been proven successful because of Kusama's rapid development. Second, Kusama has a reduced entry barrier for developers, allowing them to start successful projects before switching to Polkadot. Despite having identical initial codebases, the two blockchains' distinct personalities will gradually lead to a divergence in their intended uses. As a result, the partnership between Polkadot and Kusama contributes to its increased stability and makes for an intriguing long-term experiment.

GRANDPA

Nominated proof-of-stake is a variant of the proof-of-stake consensus process that Polkadot uses. Any network participant can validate transactions by fulfilling the blockchain's requirements under a standard PoS paradigm utilized by blockchains like Solana (SOL) and Cardano (ADA). Instead, the NPoS architecture used by Polkadot allows users to vote for validators using their tokens, and only those validators who have garnered enough support may begin validating transactions. Its novel interpretation of the GRANDPA model is what distinguishes Polkadot's NPoS consensus from others. GRANDPA functions more dynamically and can handle millions of blocks simultaneously instead of validating blocks at a predetermined rate. GRANDPA makes it possible for Polkadot to settle transactions quickly when the blockchain is functioning normally and prevent network delays by catching up on transactions when it isn't as well.

Polkadot Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Polkadot market risk premium is the additional return an investor will receive from holding Polkadot long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Polkadot. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Polkadot's alpha and beta are two of the key measurements used to evaluate Polkadot's performance over the market, the standard measures of volatility play an important role as well.

Polkadot Technical Analysis

When it comes to investing in cryptocurrency, such as Polkadot, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Polkadot, which is currently traded at 7.02, shows everything you need to know about Polkadot market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Polkadot, to determine its price movements. However, the Polkadot's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Polkadot's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Polkadot's future price trend
Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

Polkadot Against Markets

Picking the right benchmark for Polkadot crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Polkadot crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Polkadot is critical whether you are bullish or bearish towards Polkadot at a given time.

Polkadot Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Polkadot crypto coin to make a market-neutral strategy. Peer analysis of Polkadot could also be used in its relative valuation, which is a method of valuing Polkadot by comparing valuation metrics with similar companies.
XRPSolanaChainlinkPolygonFTX TokenAvalancheDaiTRONUniswap Protocol TokenStellarApeCoinAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 Covered
 Risk & Return  Correlation

Investing Ideas

In addition to having Polkadot in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Continue to Investing Opportunities. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

Other Tools for Polkadot Crypto Coin

When running Polkadot price analysis, check to measure Polkadot's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Polkadot is operating at the current time. Most of Polkadot's value examination focuses on studying past and present price actions to predict the probability of Polkadot's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Polkadot's coin price. Additionally, you may evaluate how adding Polkadot to your portfolios can decrease your overall portfolio volatility.
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Go