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Polkadot Will Make Billionaires in 2021 | Polkadot Crypto Price Prediction

Polkadot Crypto Price Prediction
Polkadot Coin

Polkadot Price Prediction, Polkadot Altcoins Will Make Billionaires in 2021

Disclaimer Before Reading This Article: the Article Is Informational Only, Not an Education on Where to Invest. If You Are Considering Investing, Do Your Own Research.

Imagine if all the cryptocurrencies that currently exist were like social media websites, and you could only own ONE such website in your phone's browser at a time. While each "website" or "web currency", so to speak, can be fascinating on its own and perform a lot of fun tasks, the isolated nature of these websites will certainly continue to be frustrating over time, right? Especially if it costs a significant penny in transaction fees, for users to switch from one "website" to another. It gets even worse for developers who have to learn a completely new programming language just to develop smart contracts and decentralized applications on different blockchain ecosystems.

Also Read - Top 10 Altcoins to Buy for High Profits Returns

What is Polkadot?
Why Does Polkadot Matter?
Polkadot Price Prediction 2021
What's next for Dot?
Polkadot Price Prediction 2022
DOT Price Live Data

What is Polkadot?

This is where Polkadot comes in. Officially launched in May 2020, Polkadot (DOT) is a network designed to connect the dots with all other networks. It is commonly known as a multi-chain network, because it can bridge networks, unlike networks like Bitcoin, which operates on its own. Just like HTML allows web developers to create sites, browsers, and servers that interact with each other, Polkadot's ultimate goal is to act as a framework for all the blockchains that choose to participate. As the cryptocurrency space continues to grow day by day as more and more blockchain developers continue to enter the space, the idea is that Polkadot will take care of complicated and expensive cryptocurrency mining processes (including transaction validation and security protocols), thus allowing developers to fully focus on creating dapp and smart contract functionality.

Polkadot was created in 2016 by Ethereum co-founder Gavin Wood and is still being built by him. Along with Gavin, Polkadot is also being developed by the Web3 Foundation and Parity Technologies, co-founded by Gavin Wood and Jutta Steiner. As another Ethereum co-founder with an ambitious spin-off project, it remains to be seen if Gavin can find gold twice with his new coin.

Why Does Polkadot Matter?

The question we must ask ourselves is, of course, how important is Polkadot? Why would it be important to build a general framework for all blockchains? Well, the simple answer to this question is another question: how important was HTML to building today's Internet as we know it? If you are well versed in computer science, the answer is self-evident. And even if not, you can certainly guess what the answer will be: a lot! If web developers had to learn machine language to build a single website, we would have far fewer websites than we do today. Something that might or might not be a good thing, as anyone who has had to suffer the horrors of countless website redirects would say.

Regardless, the point is that Polkadot is of immense value due to the potential simplification processes it seeks to offer. Right now, blockchain developers building innovative and decentralized systems currently have to design these models from scratch, for each blockchain ecosystem. This means that significant time, talent, and resources are devoted to building competing networks, rather than creating an accepted standard template that everyone builds on, just as the formalized HTML code structure greatly aided the interoperability of Internet as we know it today. This is the goal of Polkadot, that is, to create the perfect template for developers to generate value on all existing blockchains, instead of focusing on a single ecosystem as they do now.

Polkadot Price Prediction 2021

Let's get straight to the actual dollar value of the DOT. Like all cryptocurrencies, 2021 has been an exceptionally good year for the DOT, with a bull run that saw the value of the DOT rise from $ 9.12 in January to an all-time high of more than $ 42. The bull run, largely started for Bitcoin and Ethereum finally targeted an all-time high of $ 50 and almost made it, after $ 42.98 in mid-May before the market crash triggered by the BTC crash due to Elon Musk's Tesla Statement and the China's crackdown on Bitcoin. Like almost all altcoins, DOT fell into a bearish trap on May 19 when the entire market crashed, losing nearly 50% of its market value. It finally found support and finally consolidated in the $ 25 market range.

What's next for Dot?

The question, of course, is: where does Polkadot go from here? Is the party over or just started? Well, the consensus of many cryptocurrency experts strongly favors the latter. Many analysts strongly believe that DOT will reach new heights for a variety of reasons, one of which is that it is considered the fastest trading cryptocurrency currently on the market. A major factor that will make or break the DOT price range this year are institutional investors and angels. Until now, DOT remains largely a "developer language", that is, well known only to blockchain developers and not the public.

Even with that, the DOT is expected to hit a new high of $ 54, with no investor interest, in late 2021. However, if it manages to grab the attention of other investors, analysts predict that the DOT may rise to $ 63. Not bad, right?

Polkadot Price Prediction 2022

For the year 2022, only good news is expected for the token according to experts. Coinpedia predicts that the DOT could resume the year 2022 with a value of $ 54.8 in early January. Also, the price is predicted to rise if the coin improves its user base and investors. The price could go down if the market turns bearish and hits $ 104 per year. By the end of 2022, Polkadot would trade at $ 112.5. The highest price it could fetch is $ 122. Price Prediction for the Next 5 Years Given the DOT's unique and ambitious goals and plans, it could be the next big thing! Building a bridge to the busy highways of the crypto space is certainly not something any developer can afford to ignore. And, as you know, wherever the interest in the crypto community goes, the money follows.

DOT Price Live Data

The live Polkadot price today is $14.73 USD with a 24-hour trading volume of $1,171,257,410 USD. Polkadot is up 3.70% in the last 24 hours. The current CoinMarketCap ranking is #9, with a live market cap of $14,069,359,637 USD. It has a circulating supply of 955,362,275 DOT coins and the max. supply is not available.

SourceCoinMarketCapLive Data was taken on 27 June 2021

Polkadot Altcoins Will Make Millionaires in 2021 | Get Rich with Cryptocurrencies

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