Polkadot has posted 14% gains in a single day, offering a much-needed respite to the crypto-currency markets in general.
Polkadot (DOT) is one of the few exceptions in the crypto-currency world that is losing ground and looks set for another rise. The DOT token is currently trading at $31.86 with a 14% rise in the last 24 hours.
Polkadot is a direct opponent to other powerful tokens like Ethereum and Cardano. The token quickly entered the top 10 list of currencies by market capitalization and has steadily maintained its position, even as alternative networks like Solana have gained popularity. However, DOT will need to break through the strong resistance around $49 to set new highs.
Where and how to buy Polkadot in France and elsewhere?
A trading account is required to buy crypto-currencies like DOT. You should compare different platforms in terms of security and fees before deciding to open an account on a particular platform.
To do this, you will need to provide a username and password, as well as your contact information to register on a brokerage or exchange platform. Then, the site will ask you to complete a know-your-customer (KYC) process by submitting documents proving your identity and address.
Decentralized (DEX) platforms are unregulated and can pose risks. You should therefore avoid DEX platforms. We have selected two of the best platforms where you can easily sign up and trade safely.
Pepperstone was founded in 2010 in Melbourne, Australia by a team of experienced traders with a shared commitment to improving the world of online trading. Frustrated by delayed executions, expensive pricing and poor customer support, they set out to provide traders around the world with superior technology, low cost spreads and a genuine commitment to help master trading. Their mission is to create a tech-savvy trading world, where ambitious traders can embrace the challenge and opportunity of global markets.
Skilling is a CFD trading platform that offers instruments from markets around the world (Cryptos, Forex, Commodities, Indices, Stocks). Our proprietary platform has been designed to be both intuitive and user-friendly so that anyone wishing to enter the global markets can feel confident and secure enough to trade without the fear and intimidation of numbers, charts and acronyms.
What is Polkadot?
Polkadot represents the next level of blockchain technology and enables multi-chain capability. It effectively allows developers to deploy parachains that are interoperable. Polkadot also enables bridges for interaction with other networks such as Bitcoin and Ethereum. As blockchain technology matures, developers will need to interact with other networks seamlessly and this is an area where Polkadot can offer an easy solution.
The Web3 Foundation which governs Polkadot recently released $4.1 million to encourage developers to build on the DOT network.
Should I buy DOT today?
Polkadot is poised for a rebound to the coveted $49 target and beyond. The daily DOT chart shows sudden spikes that could materialize into larger rallies if the bulls manage to prevail. However, this could take some time as crypto-currencies are currently experiencing a slowdown. But it could also provide a new opportunity for whales and retail investors to accumulate the DOT token.
Polkadot daily chart. Source: CoinMarketCap
Polkadot is a solid token and early holders can expect attractive returns in the near future.
This article is for informational purposes only – none of its contents should be construed as financial or investment advice.