Polkadot (DOT) is one of the latest cryptocurrency and blockchain projects in the market of live trading cryptos that managed to rise to the top of the list in a rather short time. Polkadot is trading up by 130% for the past week, making it one of the top gaining cryptocurrencies in the market, and the top gaining on the list of the top 20 cryptos. As this 2020 project is gaining more on its popularity, DOT even managed to get past Ripple’s XRP by market cap rank, now taking 4th place on the list.
Polkadot (DOT) Becomes the 4th-biggest Crypto by Market Cap
Polkadot got past Ripple’s XRP on the list of top cryptocurrencies as DOT has taken over the rank that initially belonged to XRP by market cap. Polkadot is now the 4th-largest cryptocurrency by market capitalization with 15.5 billion dollars in market cap. DOT is trading 130% for the week, which brought the now 4th-largest crypto to the rank right below Tether (USDT), Ethereum (ETH), and Bitcoin (BTC), the top crypto. Polkadot is now trading at the price of 17$. DOT is still rising against the USD daily. However, it is dropping against Bitcoin as BTC is rising as well.
Polkadot Weekly Price Analysis January 2021
- Polkadot is trading at the price of 174 after the latest change in the market
- The weekly chart is showing 130% of gains, making DOT the top gaining coin for the week on the list of top 20
- The lowest price for the week is 8$
- The highest price for the week is 18$
Polkadot is promptly becoming one of the most prominent projects in the crypto market by far, thanks to Polkadot scalability solutions and fast execution and verifications of transactions. Polkadot aims to become a supercomputer blockchain, much like Ethereum (ETH).
Image credits: Cover photo taken from Polkadot.network