While Ethereum managed to get to a new ATH in January 2021, after it recorded a historical price at the high of 1,459$, Polkadot (DOT) is rapidly gaining popularity. DOT reached the list of top trading cryptocurrencies, swiftly progressing to take the place of the fourth-biggest crypto by market cap. At one point, DOT even pushed XRP down, taking a place of the third-biggest asset by market cap. How are Ethereum and Polkadot performing in the last seven days?
Ethereum (ETH) Price Analysis January 2021
- Ethereum is trading at the price of 1,290$, currently -11.3% down when compared to its ATH
- The weekly chart is still showing losses of -6.9% despite the latest daily gains of 4%
- The highest price for the week is set at the value of 1,392$
- The lowest weekly price for ETH is 1,122$
- The yearly chart is showing gains of 660%
- The monthly chart is showing gains of 76%
Ethereum is preparing for the second stage towards completing by far the biggest upgrade to the network. The upgrade is dubbed Ethereum 2.0, and the first stage, Beacon, went live in December 2020. The next stage is Sharding and will take place somewhere in 2021.
Polkadot (DOT) Price Analysis January 2021
- Polkadot (DOT) is trading at the price of 17.38$ after the latest change with the daily gains recorded at over 11%
- The weekly chart is showing losses of 6.1% similar to the case of Ethereum
- The lowest price for the week is set at the value of 15.46$
- The highest weekly price is recorded at the value of 18$
- The monthly chart is recording exceptional returns of 155%
Polkadot (DOT) is one of the newest and most prominent projects, focusing on decentralized finance and the emerging DeFi sector. Polkadot is a highly scalable network with fast transaction verification and swift block time, making it a perfect environment for DeFi developers and Dapps.
Image credits: Cover photo taken from Medium
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