The Polkadot token (DOT) has rallied strongly and has risen 10% in the last 24 hours.
The Polkadot token is currently trading at $31.40 and has seen a steady increase in volume. The DOT token could eventually see further gains and surpass its all-time high (ATH) currently located at $49.35. The coin could potentially reward its holders in the long run if the upward price trend continues in the future. The Polkadot network is considered to pioneer the next generation of blockchain technology that will thrive on interoperability.
Where and how to buy Polkadot in France and elsewhere?
The Polkadot token is very popular and most platforms have listed this coin. If you want to trade crypto-currencies, you need to open a trading account with a broker or exchange platform. All you need to do is submit a username, password and email address. You will receive a verification mail and will be asked to submit documents such as a driver’s license and utility bill to comply with the Know Your Customer (KYC) regulations. This additional information is required to secure the site for all users.
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What is Polkadot?
The Polkadot network provides cross-chain functionality for assets and data. The DOT token is used for governance and staking purposes within the Polkadot ecosystem. The interoperability provided by Polkadot is valuable for developers who wish to deploy tokens on more than one network. The Polkadot network allows data to be distributed across multiple networks.This significantly reduces transaction time, especially when a network is overloaded.
Should I buy DOT today?
The Polkadot token is currently on the rise and the wedge could reach the $35+ price if its rally continues in the future. The Polkadot daily chart below shows the current price spike, fueled by a surge in volume that began at the $28.5 level.
Polkadot daily chart. Source: CoinMarketCap
The wedge could break its ATH and set new highs if the bulls continue to push prices.
This article is informational only – none of its contents should be construed as financial or investment advice.