Polkadot exploding why?

[RabbiTANK]

It looks like Polkadot ist exploding at this moment. From 8.3 to 9.8 in 10 Hours right now and it is growing like hell, whats happening, any news?
All other coins go witch bitcoins price up and down, polkadot not?

Polkadot is not a pump and dump project, it's a very useful project that may be as big as ethereum some day, right now Ethereum is fumbling because of gas fee but that's on the adopters and developers to make a choice, if a new project that's Ethereum capable became noticed Ethereum will go down, I still like eth blockchain but gas fee is ruining everything

[IkonaDro4ku]

Many people think the polcadot will be as big as Ethereum now and this is not without reason recently, many projects are choosing their blockchain. Now this price may seem expensive, but after a while it will seem cheap.

[Shallow]

When the demand for a project or its coin increases it is expected the project will grow in all ramifications, I believe this is the case with Polkadot, that is, I heard some projects are finding it good leveraging it services to achieve their aims and also, Polkadot is making it highly friendly for upcoming projects to get associated. Also, just like many other projects that grew so high like EOS and then later start declining, I hope the Polkadot team will try their best to keep to the tasks ahead while maintaining their rank on coinmarketcap. However, on the other hand, considering the market growth so far, it can also be seen the project is moving with the market just like others.

[FairUser]

As for DOT, there's no need to say too much, i bought it around September 2020 because then i started to feel the market will change drastically in the near future. And DOT is really a perfect choice for me personally, looking at how it builds its foundation and builds its ecosystem i'm going to bet DOT at $100.

[crazy-pilot]

I am extremely pleased with what is happening with the half-cadot.
The project can be called quite fresh, but it breaks into the top without any problems and continues to grow no matter what.
I am sure that this moena should be in the portfolio of every crypto investor.

[RapTarX]

I have been observing this project for a few weeks now and till now, I managed to learn a few things although I need further analysis to learn everything about this project. Till now, it's a very interesting project with a lot of developments over ETH and there are a few good projects coming into Polka chain; people are speculating DOT to be huge this year. If you check twitter regularly, you will find a lot of shilling going on there which might be another reason of being pumpoed.

[ahoenk]

Because polkadot is the coin which can replace ethereum in term of its uses cases, especially for DeFi project which need cross chain trade. Another reason is polkadot will launch its decoded event for all developer in the world just like ethereum did.

[zasad@]

It looks like Polkadot ist exploding at this moment. From 8.3 to 9.8 in 10 Hours right now and it is growing like hell, whats happening, any news?
All other coins go witch bitcoins price up and down, polkadot not?

Now the price of all competitors of Ethereum is growing.

https://cryptoslate.com/bloomberg-brands-polkadot-dot-an-ethereum-blockchain-killer-in-new-article/
Bloomberg brands Polkadot (DOT) an “Ethereum blockchain killer” in new article

In practice, it is necessary to study what will actually work in the near future. I think these will be platforms that can interact with Ethereum.

[terrific]

Because polkadot is the coin which can replace ethereum in term of its uses cases, especially for DeFi project which need cross chain trade. Another reason is polkadot will launch its decoded event for all developer in the world just like ethereum did.

What are the project defis that's made on Polkadot?
Are there many projects that have been using polkadot? If so, what are those projects? it is getting the highlight because it's ranking has been up since the start of the year.

[SlimShadyMmp]

Parachains mate plus is an eth killer so if you combine a and b plus some chains you get the whole alphabets and is scalable like crazy so I think Polka is just getting started

[MrRWallace]

I feel like DOT is really the next XRP, if XRP will be out of the picture.

[FairUser]

I feel like DOT is really the next XRP, if XRP will be out of the picture.

I think your feeling is very bad, you are talking about DOT a project that really brings a lot of value and means a lot to the market, because as far as i can see, 2020 DOT has been really successful. And following that success, over time people also see that they are expanding their ecosystems on more platforms, for all the competitors with ETH i rate DOT as the best.

[TastyChillySauce00]

I might need to look to expose myself to this hot asset and potential profit.

Im not sure about the potential profit from the DOT. This time it reaches $14 which can be considered as the new ATH for DOT.
I have been going in since last month and got a very nice profit from this potential investment but how potential DOT depends on what will be your position. So many people are joining in the market at the peak price and that makes them all got a very bad position.

Maybe that is why Polkadot explode and have time to increase to $14. For the early investors or people who bought DOT in the beginning, they are making a lot of money from DOT. But I think the price will not stop to that price because we do not yet see the altcoin season, so I think the price can be up to $14-$20 soon. I have some DOT that I am not selling because I still wait for the next higher price, and I hope that the price will hit the next higher price.

The altcoin season will never come as it already happened. The majority of legit coins were pumping so hard to follow the bitcoin. if DOT will be giving another good news and it might be pumped again but this time bitcoin faces another small correction that reduces the bullish trend that's happening with the DOT.
This coin is possible to reach $20 as the peak price. DOT is also owned by the member from the ethereum foundation and you can see how potential this coin is.