Polkadot (DOT) 24-Hour Volume Tops $275.45 Million

Polkadot (DOT) traded down 5.1% against the dollar during the twenty-four hour period ending at 11:00 AM ET on May 23rd. Polkadot has a total market capitalization of $10.41 billion and $275.45 million worth of Polkadot was traded on exchanges in the last 24 hours. During the last seven days, Polkadot has traded 5.2% higher against the dollar. One Polkadot coin can currently be bought for $7.19 or 0.00010594 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

  • KILT Protocol (KILT) traded 11.1% lower against the dollar and now trades at $0.27 or 0.00000401 BTC.
  • Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded down 4.2% against the dollar and now trades at $0.0100 or 0.00000015 BTC.
  • AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Polkadot

Polkadot was first traded on August 18th, 2020. Polkadot’s total supply is 1,437,953,431 coins and its circulating supply is 1,448,242,561 coins. Polkadot’s official message board is forum.polkadot.network. Polkadot’s official website is polkadot.network. The Reddit community for Polkadot is https://reddit.com/r/polkadot and the currency’s Github account can be viewed here. Polkadot’s official Twitter account is @polkadot and its Facebook page is accessible 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 U.S. dollars. Investors seeking to trade Polkadot should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Polkadot using one of the exchanges listed above.

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