What is Polkadot coin used for?

Polkadot is a protocol that connects blockchains — allowing value and data to be sent across previously incompatible networks (Bitcoin and Ethereum, for example). It’s also designed to be fast and scalable. The DOT token is used for staking and governance ; it can be bought or sold on Coinbase and other exchanges.

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What coin is dot?

DOT is the native cryptocurrency of Polkadot ; a blockchain interoperability protocol founded in 2016. It is a sharded blockchain, meaning it connects several different chains together in a single network, allowing them to process transactions in parallel and exchange data between chains without sacrificing security.

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How much is dot coin worth?

DOT Price Statistics Polkadot Price$20.6924h Low / 24h High$19.82 / $20.78Trading Volume24h$1,334,082,283.67 26.67%Volume / Market Cap0.06528Market Dominance1.06%Polkadot price today, DOT to USD live, marketcap and chart coinmarketcap.com › currencies › polkadot-new

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What is the future of Polkadot?

According to the DigitalCoinPrice Polkadot rates are projected to be expanded at the beginning of 2022 . The prices of Polkadot (DOT) in January 2022 could swing from $64.24 to $70.54. In 2023 the price of 1 Polkadot (dot) is expected to reach $81.78. For the year 2024 $90.32 and 2025 $107.4.

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