Cryptos: Polkadot (DOT)
Market Cap: $21.6 Billion
Polkadot started the year at $8.307 and as of May 24, it is at $23.06, or up 177% year-to-date (YTD). This is even after the altcoin has dipped from its peak of $47.946 as of May 13. That means that the altcoin is down just over 50% from its peak. This implies that once the altcoin recovers, it could have a quite significant performance.
Polkadot’s blockchain platform allows messages and monetary values to be transferred peer-to-peer. It is a multi-chain technology built on trust among its users.
Polkadot is a layer zero blockchain that connects different layer 1 blockchains together. These layer 1 blockchains are called parachains. Polkadot provides shared security, cross-chain communication to these parachains.