The Polkadot posted gains of 14% in a single day, providing much needed respite for the cryptocurrency markets in general.
The Polkadot (DOT) is one of the few exceptions in the cryptocurrency world that is losing ground and looks set for another hike. The DOT token is currently trading at $ 31.86 with a 14% increase in the last 24 hours.
The Polkadot is a direct opponent of other powerful tokens like Ethereum and Cardano. The token quickly entered the list of top 10 currencies by market cap and steadily maintained its position, even as alternative networks like the Solana gained popularity. However, DOT will need to break through the strong resistance around $ 49 to set new highs.
Where and how to buy Polkadot in France and elsewhere?
A trading account is required to buy cryptocurrencies like DOT. You should compare different platforms in terms of security and fees before deciding to open an account on a particular platform.
To do this, you will need to provide a username and password, as well as your contact details to register on a brokerage or exchange platform. Next, the site will ask you to perform a Know Your Customer (KYC) process by submitting documents proving your identity and address.
Decentralized platforms (DEX) are unregulated and can present risks. You should therefore avoid DEX platforms. We have selected two of the best platforms where you can register easily and trade securely.
Skilling is a CFD trading platform that offers instruments from markets around the world (Cryptos, Forex, Commodities, Indices, Stocks). Our proprietary platform has been designed to be both intuitive and user-friendly so that anyone looking to enter global markets can feel confident and secure enough to trade without fear or intimidation of numbers, charts and acronyms.
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Easily buy and sell Bitcoin, Ethereum, Litecoin and other virtual currencies with Euros on one of the world’s most trusted exchange platforms. bitFlyer is the premier cryptocurrency platform with permissions to operate across Europe, Japan, and the United States. bitFlyer is also the first Luxembourg company to have received the certification of Virtual Asset Service Provider from the Commission de Surveillance du Secteur Financier (CSSF).
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What is the Polkadot?
The Polkadot represents the next level of blockchain technology and enables multi-chain capability. It allows developers to deploy parachains that are interoperable. Polkadot also helps build bridges for interaction with other networks such as Bitcoin and Ethereum. As blockchain technology matures, developers will need to interact with other networks transparently and this is an area where Polkadot can offer an easy solution.
The Web3 Foundation that governs the Polkadot recently released $ 4.1 million to encourage developers to build on the DOT network.
Should I buy DOT today?
The Polkadot are poised for a rebound towards the coveted goal of $ 49 and beyond. The daily DOT chart shows sudden spikes that could materialize in larger rallies if the bulls manage to win. However, this could take some time, as cryptocurrencies are currently experiencing a slowdown. But it could also provide a new opportunity for whales and retail investors to accumulate the DOT token.
Daily chart of the Polkadot. Source: CoinMarketCap
The Polkadot is a solid token and early holders can expect some interesting returns in the near future.
This article is for informational purposes only – none of its content should be construed as financial or investment advice.
Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.