Polkadot Profile


USD 7.34  0.74  9.16%   

Market Performance
0 of 100
Odds Of Distress
Less than 6
Polkadot is trading at 7.34 as of the 19th of August 2022, a -9.16 percent decrease since the beginning of the trading day. Polkadot has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Cryptocurrency ratings for Polkadot are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of June 2021 and ending today, the 19th of August 2022. Click here to learn more.
Polkadot is peer-to-peer digital currency powered by the Blockchain technology. More on Polkadot

Moving together with Polkadot

Polkadot is an online market maker for p2p online currency indicated as Cryptocurrency. Polkadot has been active in the last 3 months, and it is presently trading with a bearish sentiment. 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. 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 generated a negative expected return over the last 90 days
Polkadot has high historical volatility and very poor performance
Latest headline from cointelegraph.com: Crypto Biz A Futurist take on crypto - Cointelegraph
Thematic IdeaUSD Crypto Fund (view all)

Polkadot's Exchanges and Markets

EXX 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 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 27 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
Collateralized AssetNo
Market Performance RatingC-
White PaperView
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 Mined1.22 Billion
Polkadot (DOT) is traded on CRYPTO Exchange. Polkadot is peer-to-peer digital currency powered by the Blockchain technology.

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 77.27%. 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 0.8487 suggesting as returns on the market go up, Polkadot average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Polkadot will be expected to be much smaller as well. 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 7.34HorizonTargetOdds Above 7.34
22.64%90 days
Based on a normal probability distribution, the odds of Polkadot to move above the current price in 90 days from now is about 77.27 (This Polkadot probability density function shows the probability of Polkadot Crypto Coin to fall within a particular range of prices over 90 days) .
Polkadot is peer-to-peer digital currency powered by the Blockchain technology.

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 7.34, 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
The output start index for this execution was zero with a total number of output elements of sixty-one. Polkadot Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Polkadot price patterns.

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.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Polkadot without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in Polkadot

You need to understand the risk of getting into digital currencies such as DOT before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Polkadot in four ways:

Buy DOT through an exchange

Get yourself a crypto wallet before embarking on your Polkadot journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Polkadot. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Polkadot through an exchange

You don't have to buy a full token when starting out since DOT is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Polkadot through a broker

If you don't want to store your Polkadot Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in DOT through an exchange-traded fund (ETF)

You can also invest in DOT through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

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
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Continue to Investing Opportunities. Note that the Polkadot information on this page should be used as a complementary analysis to other Polkadot's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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.
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