How does Polkadot crypto come to 7th position? is a scam?

[Ken_terrance]

I don't get you OP, if a coin takes over so many top ranking coins that makes them scam? It's that easy to beat top ranking coins today? This isn't 2017 where an hype can push any altcoin to top 10 rank, now it's all about more hardwork, Polkadot deserves the rank because it works to achieve it, not by FOMO but by real use case

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[JeffBrad12]

I don't get you OP, if a coin takes over so many top ranking coins that makes them scam?

OP has no clue about that dude and he needs to learn more about crypto and it looks like he was getting shocked to see that a coin that can surpass so many coin instantly. It looks like if he was newcomers too.
You should not be surprised to see that and he didn't know the ranking system in crypto lol.
Polkadot was created by a part of ethereum core developer team.

[Betaj00]

I think you have not any good idea and knowledge about Polkadot project, as my opinion polkadot is very good project and ther own coin Dot now a good and profitable for us and all holders. Now you can see the current rank of DOT coin is Five on Coinmarketcap. Also its future is very good.

[sangkler11]

Yeah, now Polkadot has surge into Top Ten crypto, It has been touted as the latest "Ethereum killer"
Currently hype on crypto is all about Polkadot.
There are already a number of projects using the Polkadot framework, almost 200 according to data from PolkaProject.
I think Polkadot is a one of coin good to invest.

[bitcon]

Well, calling Polkadot the Ethereum killer is certainly stupid. It will take a long time to catch up with Ethereum. Dot is a very promising coin and the project has big and long-term plans. Now many are interested in the development and growth of the coin and are trying to buy it for themselves. The positive movement of Dot can be seen! 

[Abiky]

DOT is a promising coin. There are a lot of projects based on Polkadot. There were even rumors that the team was giving away a grant for developers working with their blockchain. Polkadot is actively developing and has big plans. The current cost is a preliminary check, whether investors are willing to take risks and wait for the start of the project.

Couldn't agree more with you, mate. DOT has high prospects of becoming a successful cryptocurrency in the long run. I wouldn't say the project is a scam as developers are delivering as intended. Polkadot is an extremely-active blockchain network with a vibrant community behind it. Its sudden rise could be largely attributed to its technical superiority compared to Ethereum. After all, the world's second-largest cryptocurrency by market cap (ETH) is struggling with high network load. The ever-rising fees, and slow transaction confirmation times has led people to look for other alternatives on the market. Polkadot, as well as, Cardano have experienced new gains in price as "De-Fi" becomes extremely popular in the mainstream world. Who knows what will be of DOT in the future?

Nonetheless, Polkadot holds good promise of becoming a true contender of Ethereum. The question is how long will it survive? Will it be able to stand the test of time? With ever-growing competition in the smart contracts space, Polkadot could either lose or gain traction as time goes by. The same thing could happen with Ethereum. As long as people support this project (DOT), it will be here to stay. Just my opinion

[ElaineGanda]

Absolutely no. Polkadot reached the 7th position because of its market performance and stability, no illegal activities at all. If you will follow polkadot project and team, you will notice the credibility and efficiency of the project plans. In fact, polkadot in expected to increase more its market value for the next few months based on what I read in telegram channel.

[Fivestar4everMVP]

Or is it a crypto that will one day be reliable with a good future
is it a standalone crypto that has not been launched on ethereum?

Don't you remember EOS?
EOS was just a piece of paper, no mainnet, no nothing, just a token and a piece of paper.

It gathered 5 billion USD in the ICO and when to top 10 in day 1.

Is EOS a scam? Doesn't look like to be a scam. Is it a good project? Not in my opinion.

What about Polkdot?
There are a lot of eyes in it a now. Certainly it is not the best time to get in. Is it a scam? Unlikely. Is it a good project? Unlikely as well.

Are you kidding me? $5 billion usd,? What did they do with all the money then,? I understand this might be a mistake maybe you meant to say $5 million dollar which is still a lot of money to begin with, but ever since I got into crypto, I've never heard of any ICO or IEO raising as much as $5 billion dollars, but anyways, anything is possible.
And back to the question whether polkadot is a scam, it is not a scam, all crypto assets are volatile, they up and down, and sometimes, if their price go down significantly, they loose their position or coin market cap, this does not necessarily mean it's a scam.

[Jamesdila1]

It’s a solid project, I don't think it is a scam. It’s #5 on total market cap. Also there is a unlimited supply and a rather high inflation (10%). This surpresses the value of 1 single token. Last; we first need to see some adoption for the price to go higher and DOT have already done it look qt the price now.

[kesmex]

Absolutely no. Polkadot reached the 7th position because of its market performance and stability, no illegal activities at all. If you will follow polkadot project and team, you will notice the credibility and efficiency of the project plans. In fact, polkadot in expected to increase more its market value for the next few months based on what I read in telegram channel.

As far as I know, polkadot can grow this far thanks to his team,
they really work hard and the result is that polkadot can even be ranked 5th,
and of course we have to give appreciation to the team,
and I also believe that polkadot can develop even further

[jan.nicolas]

Absolutely no. Polkadot reached the 7th position because of its market performance and stability, no illegal activities at all. If you will follow polkadot project and team, you will notice the credibility and efficiency of the project plans. In fact, polkadot in expected to increase more its market value for the next few months based on what I read in telegram channel.

Quite right, as many people here write. But another and most important thing is that DOT offers a new tokenomics that seriously limits scam projects. Now for scam projects there will be no road to DOT

[ttcsalam]

I don't see anything surprising here because its popularity has multiplied so much that it can be called a stable coin and its popularity is increasing day by day because of the chain and para chain attached to this coin.Moreover, the founders of Etherium are directly involved in it.

[ningrum]

Absolutely no. Polkadot reached the 7th position because of its market performance and stability, no illegal activities at all. If you will follow polkadot project and team, you will notice the credibility and efficiency of the project plans. In fact, polkadot in expected to increase more its market value for the next few months based on what I read in telegram channel.

Quite right, as many people here write. But another and most important thing is that DOT offers a new tokenomics that seriously limits scam projects. Now for scam projects there will be no road to DOT

That's a good step, of course seeing that there are currently many projects that end up scams,
I hope everyone can offer that considering the scam project is very unsettling for everyone,
with being limited of course it makes us a little calm,
however, we must be careful not to get caught up in a scam project

[arifteguhr]

Polkadot is now on 5th rank in coinmarketcap. It's now the 2nd best popular altcoin after Ethereum and many person believes that Polkadot will be Ethereum killer. Many new and upcoming projects are trying to implement it's framework. Very soon we can see new projects based on Polkadot outside of Ethereum network.

Polkadot has its own network which is currently accepted by the market. the effect of Hype Defi also affects Polkadot, which is currently increasing. Indeed, the current volume of polka dots is increasing.
Currently it has reached 10X the lowest price since 2020. The hype in several defi projects has indeed made the price increase unreasonable.

[ElaineGanda]

Absolutely no. Polkadot reached the 7th position because of its market performance and stability, no illegal activities at all. If you will follow polkadot project and team, you will notice the credibility and efficiency of the project plans. In fact, polkadot in expected to increase more its market value for the next few months based on what I read in telegram channel.

Quite right, as many people here write. But another and most important thing is that DOT offers a new tokenomics that seriously limits scam projects. Now for scam projects there will be no road to DOT

That's a good step, of course seeing that there are currently many projects that end up scams,
I hope everyone can offer that considering the scam project is very unsettling for everyone,
with being limited of course it makes us a little calm,
however, we must be careful not to get caught up in a scam project

In fact, I read some article saying that polkadot are being supported by one of the top coins in crypto. It only means that polkadot project is so much trusted by high end investors and projects because of its strong credibility and unbreachable security. As of now, I'm gathering data and information to know what is the coin that supports and help polkadot.

[Shasha80]

Many people believe that Polkadot will be the next Ethereum, even if you compare it at this time very far between Polkadot and Ethereum.
Polkadot still need time to develop, so don't be too quick to conclude that Polkadot are good or bad. But if you look at Polkadot performance
this year, Polkadot should be one of the most profitable projects. So investing in Polkadot is what I suggest, I myself have invested in Polkadot
since the end of 2020 and am quite satisfied with the profit provided by Polkadot.

[Desscount]

Absolutely no. Polkadot reached the 7th position because of its market performance and stability, no illegal activities at all. If you will follow polkadot project and team, you will notice the credibility and efficiency of the project plans. In fact, polkadot in expected to increase more its market value for the next few months based on what I read in telegram channel.

Quite right, as many people here write. But another and most important thing is that DOT offers a new tokenomics that seriously limits scam projects. Now for scam projects there will be no road to DOT

That's a good step, of course seeing that there are currently many projects that end up scams,
I hope everyone can offer that considering the scam project is very unsettling for everyone,
with being limited of course it makes us a little calm,
however, we must be careful not to get caught up in a scam project

In fact, I read some article saying that polkadot are being supported by one of the top coins in crypto. It only means that polkadot project is so much trusted by high end investors and projects because of its strong credibility and unbreachable security. As of now, I'm gathering data and information to know what is the coin that supports and help polkadot.

Of course if what you read about polkadot is correct I think that is a good thing for polkadot,
and it is not impossible that the coin can develop further,
I think it's just a matter of time so it's better to be patient first,
I hope that you can finish soon in collecting data and information related to polkadot

[heztida3]

they are really working on this platform. not a scam in my opinion. they have real technology in the making here. also, you can check the teams building on polkadot and they have good list also including popular  projects oceanprotocol and chainlink.their position is justifiable from my end. but if you are a serious investor, you need to open your eyes for what this project is working on.

[Momoamzad]

No  polkadot does not look scam , they are working to hard to get it a place and I think they succeeded. I think it will be one of the most profitable as like EoS . I think many people are waiting to invest in polka projects too

[tygeade]

There has been a lot of hype surrounding Polkadot and I believe the same goes for the number of people that are investing in the project, they are probably going to be many and investing huge, so it shouldn’t come as a surprise to me if it reaches the 7th position. I don’t think it’s a scam, and as for whether it’s a good project or not, that’s what I can’t tell you and I can’t tell if it will be able to stand in the future.

Polkadot is not the first project that was nicknamed the Ethereum killer, most of them have come and gone and nobody knows about them now. Ethereum usually beats, and moreover there are still lots of developers making use of Ethereum smart chain.