[DOT] Polkadot Speculation

[Sirait]

^{[edit the topic]}

^ Since Polkadot has risen to the rankings with the 4th largest market capitalization I feel Polkadot is very worthy of being discussed, in this thread you are free to discuss:

*Polkadot price movements
*The latest news about Polkadot

#feel free to discuss
https://twitter.com/Polkadot
https://polkadot.network
https://www.coingecko.com/en/coins/polkadot
https://www.worldcoinindex.com/coin/polkadot
https://coinmarketcap.com/currencies/polkadot-new/markets/

[Sanugarid]

Some changes in Polkadot must have drive people from buying it such as change in denomination, awkwardly to think that it does not impact any on the polkadot system. The new polkadot is way smaller, creating massive confusion to  its holder as well as the whole market. The buy from various exchanges might just because of the lower price of the new polkadot, people might have thought they are getting their real deals with polkadots due to this. Me, I'm not getting it in to by bag.

[unusualfacts30]

price hasn't been set for new dot that's what has created confusion but also opportunity. Its a risky investment at this point even if it rises further which I am not sure if it will. seriously consider what you are putting yourself into if you do plan to invest in it. There is a lot of confusion surrounding this new token.

[tomahawk9]

interesting. On Coingecko the coin is the top 10 cryptos by market cap and even in the top 20 by volume in 24h, but on CMC it's nowhere to be seen because it is ranked #2167. I suppose this had to do with some sort of T&C from coinmarketcap for recently listed/launched cyptos? surely this raises a few red flags, no?

I want to know your opinion about this cryptocurrency

extremely risky investment if you're looking for short-term profits. It's such a new player in this market, you honestly have no idea what to expect from it. I would give it a few more weeks (even more) to see how the market reacts, but for now, and at that price range ($6), I'd stay as far away from it as I can.

[disconnectme]

The good thing for Polkadot team is that tey can easily convert some of the Ethereum community to shift tio their chain if the Eth 2.0 stall, but I still feel the project is currently over-valued, nothing for now justified the present valuation until I start seeing Dapps being launched on the chain

[lizarder]

The good thing for Polkadot team is that tey can easily convert some of the Ethereum community to shift tio their chain if the Eth 2.0 stall, but I still feel the project is currently over-valued, nothing for now justified the present valuation until I start seeing Dapps being launched on the chain

It looks like Dapp will be launched for quite a while considering that currently Polkadot is still focused on making many projects using the DOT chain, but I hope Polkadot will also immediately take care of Dapp because currently, I am quite uncomfortable with the Dapp project from ethereum because the Gas Price that makes no sense makes me lose & lose the spirit of playing Dapp Game.

[didzi]

strange phenomena continue to appear on the cryptocurrency market.

I want to know your opinion about this cryptocurrency, just launched a few days and has entered the top 7 ranking on Coingecko.

https://www.coingecko.com/en/coins/polkadot
https://www.worldcoinindex.com/coin/polkadot

About Polkadot: https://polkadot.network

also this coin now listed on coinmarketcap too https://coinmarketcap.com/currencies/polkadot-new/markets
i think this coin seems good to invest mate, because DOT already tradeable on big exchange such as binance, bitfinex, bittrex and many more
maybe for long term you can buy this coin now, but for short term i think its better to wait for corrections buddy

[Mahanton]

strange phenomena continue to appear on the cryptocurrency market.

I want to know your opinion about this cryptocurrency, just launched a few days and has entered the top 7 ranking on Coingecko.

https://www.coingecko.com/en/coins/polkadot
https://www.worldcoinindex.com/coin/polkadot

Any coin will definitely had the chance on getting top spot ranking on a certain platform but if we do try to check out the liquidity and the volume then you would able to tell the difference
on what coin does have an organic increase compared to those who do just being pumped in a short time.About that polkadot project, from the name itself then i cant already trust it up.
I havent read up on whats the project is all about but talking about seriousness, the name implies the opposite.Its just my own view though but if you do chose up
to risk some money on it then its your choice.

[nelson4lov]

I couldn't get an entry on polkadot so I'm currently out of the train but I'm considering taking a shorting it immediately I spot a trend reversal or pullback on the chart: https://in.tradingview.com/symbols/DOTUSDT/?exchange=BINANCE since there's not much data to work with since the redenomination weeks back.

I recently saw an article about some of the awesome projects being built  on top of polkadot and I'm impressed so far. Let's see how far it flies. I'll be keeping an eye out for it.

[torrantz]

DOT has already raised a lot of money and what makes it has already entered into the top 7 CMC should be caused by it has a very big total supply and it's over price coin right now. It looks like there was small amount of coins in the circulating supply. $6 for each DOT and this is a non sense price.

[Sirait]

also this coin now listed on coinmarketcap too https://coinmarketcap.com/currencies/polkadot-new/markets
i think this coin seems good to invest mate, because DOT already tradeable on big exchange such as binance, bitfinex, bittrex and many more
maybe for long term you can buy this coin now, but for short term i think its better to wait for corrections buddy

thank you friends for the information, yesterday I didn't see DOT in CMC.

I also think like you, it's better to wait for the correction period first.

buying now is still very risky even though DOT has been traded on a large exchange and has a large transaction volume.

[Danslip]

First I thought it was a glitch in the system of CMC but later started to analyze the Polkadot in order to be sure about the current market speculation which is very very possible after getting rejected by Bitfinex. Binance listing and the HYPE drive the price to $5 per DOT, it is commonly known fact the HYPE dies faster than what investors imagine in their dream. HYPE will die sooner than mass expectations, in all cases as usual.

[shinratensei_]

First I thought it was a glitch in the system of CMC but later started to analyze the Polkadot in order to be sure about the current market speculation which is very very possible after getting rejected by Bitfinex. Binance listing and the HYPE drive the price to $5 per DOT, it is commonly known fact the HYPE dies faster than what investors imagine in their dream.

I suggest you take a look at EOS and the hype that has already driven the polkadot project looks the same with the hype that happened with EOS. The dot token is having a very big supply like EOS too.

Some defi projects have already started to use the tokenization in the dot platform too.

I personally tried to create a polkadot token to test how good the dot platform compared with EOS. This is not the usual hype that was driving the pump of altcoins.

[piebeyb]

This altcoin is still relatively new even though it is in very fast development, seeing the terrible total supply with the current price value is so expensive, worried that if there is a massive dump, I have not looked deeper but I often see this everywhere, some tokens from the polkadot network This is pretty good too, but maybe I'll come back to see it later in the next month 

[Sy]

Anyone got any idea why there's a huge ranking difference between coingecko and CMC? Coingecko is ranking DOT at 6th but according to CMC DOT ranking is at 2169.

[X-ray]

Anyone got any idea why there's a huge ranking difference between coingecko and CMC? Coingecko is ranking DOT at 6th but according to CMC DOT ranking is at 2169.

It's not yet updated but you can try to calculate how much dot marketcap on the CMC too. Coingecko has already updated the total mcap dot as the total supply and circulating supply has already determined too.

That's the factor why both were showing the different result.

[Mr.Scott]

I have heard Polkadot here and there just believe new hype coin in the marker right now. Can anyone kindly suggest me that its good for long term or not? In case i want to more about this project.

[sarmrakib]

I have seen the old Polkadot is an awesome project and may they have open the new one .The project is listed on Binance and rapidly growing .I have missed the opportunity to invest on it ,but its still have a chance .Surely the project will be huge in near future.

[TeraBite]

This altcoin is still relatively new even though it is in very fast development, seeing the terrible total supply with the current price value is so expensive, worried that if there is a massive dump, I have not looked deeper but I often see this everywhere, some tokens from the polkadot network This is pretty good too, but maybe I'll come back to see it later in the next month 

Agreed with you it is just a FOMO buy when everyone shouting the moon I also think soon correction will happen and there would be another great opportunity to buy this token at cheap price. This ecosystem is still under development and no doubt a lot of dapps are being building on this blockchain. It is good to keep eye on it to grab some cheap tokens.

[onecall123]

This altcoin is still relatively new even though it is in very fast development, seeing the terrible total supply with the current price value is so expensive, worried that if there is a massive dump, I have not looked deeper but I often see this everywhere, some tokens from the polkadot network This is pretty good too, but maybe I'll come back to see it later in the next month 

Agreed with you it is just a FOMO buy when everyone shouting the moon I also think soon correction will happen and there would be another great opportunity to buy this token at cheap price. This ecosystem is still under development and no doubt a lot of dapps are being building on this blockchain. It is good to keep eye on it to grab some cheap tokens.

Thanks for your suggestion, I’m also watching right now. I feel like we could easily get this token at cheap price range before anything big happens. I think Polkadot is a very promising project for 2020, so yeah down to like $4 for me very much suitable.