Polkadot vs US Dollar exchange rate on Forex
DOT/USD is the exchange rate of the Polkadot cryptocurrency to the US dollar. Information about the current rate of a digital asset is necessary for traders who invest in this currency pair. Also, Forex players will benefit from a chart that shows the dynamics of DOT price changes over the past 12 months.
Basic data about cryptocurrency
The Polkadot cryptocurrency has been in development since 2016, but the network got officially launched only in 2020. After the system launch, its DOT tokens began to be traded on Forex and all major cryptocurrency exchanges. 1 year later, the digital asset entered the TOP 10 cryptocurrencies, and its market capitalization exceeded 10 billion US dollars.
The key feature of the Polkadot platform is the presence of several blockchain chains combined. The used technology allows embedding new chains into the network in such a way that it does not affect the correctness of the interaction protocols' functioning and the system security.
Investing in the DOT/USD pair on Forex
This currency pair is attractive for Forex traders who prefer investing in highly volatile digital assets. Since the exchange rate of Polkadot to the dollar has repeatedly changed, experienced traders choose this pair for short-term investments and earnings on the jumps in the token price.
You can also make long-term investments in the DOT/USD pair. However, it is necessary to note the risks of investing in a highly volatile asset and use a diversification strategy.
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