Polkadot (DOT) Price Reaches $7.31 on Top Exchanges

Polkadot (DOT) traded 2.4% higher against the US dollar during the 24 hour period ending at 19:00 PM ET on May 5th. Over the last seven days, Polkadot has traded 8.7% higher against the US dollar. One Polkadot coin can currently be bought for about $7.31 or 0.00011431 BTC on major exchanges. Polkadot has a market cap of $10.52 billion and approximately $175.91 million worth of Polkadot was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed over the last 24 hours:

• KILT Protocol (KILT) traded 1.9% higher against the dollar and now trades at $0.30 or 0.00000476 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 0.8% against the dollar and now trades at $0.0100 or 0.00000016 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Polkadot

Polkadot’s launch date was August 18th, 2020. Polkadot’s total supply is 1,437,953,431 coins. The official website for Polkadot is polkadot.network. Polkadot’s official Twitter account is @polkadot and its Facebook page is accessible here. The official message board for Polkadot is forum.polkadot.network. The Reddit community for Polkadot is https://reddit.com/r/polkadot and the currency’s Github account can be viewed here.

According to CryptoCompare, “Polkadot is a blockchain network that allows users to launch and operate their own blockchains, called parachains, on top of the main Polkadot blockchain, called the relay chain. The relay chain does not support smart contracts, but parachains can. This allows for a growing ecosystem of blockchains with varying features and secure transactions, all using the resources of the relay chain. Polkadot also includes bridges to allow interaction with other blockchains, such as token swaps without a centralized exchange. The native cryptocurrency, DOT, serves as the governance token, allowing holders to stake and vote on network upgrades and participate in governance. Staking DOT also yields returns and can be bonded to secure a parachain slot. The project was founded by Ethereum co-founder Gavin Wood and is overseen by the non-profit Web3 Foundation, which maintains the open-source code and allocates funds for development.”

Buying and Selling Polkadot

It is usually not possible to buy alternative cryptocurrencies such as Polkadot directly using US dollars. Investors seeking to acquire Polkadot should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Polkadot using one of the aforementioned exchanges.

DOT/USD price chart by TradingView