[DOT] Polkadot Speculation - page 11.

piebeyb

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Quote from: TeraBite on August 27, 2020, 06:39:54 AM

Quote from: piebeyb on August 26, 2020, 11:15:23 PM

This altcoin is still relatively new even though it is in very fast development, seeing the terrible total supply with the current price value is so expensive, worried that if there is a massive dump, I have not looked deeper but I often see this everywhere, some tokens from the polkadot network This is pretty good too, but maybe I'll come back to see it later in the next month

Agreed with you it is just a FOMO buy when everyone shouting the moon I also think soon correction will happen and there would be another great opportunity to buy this token at cheap price. This ecosystem is still under development and no doubt a lot of dapps are being building on this blockchain. It is good to keep eye on it to grab some cheap tokens.

yes, I am not saying that this project is bad, this project seems interesting, it's just that it is too expensive and it is very early to see it growing so fast due to current market trends, but I will buy it too if DOT goes to a cheaper price

Perfect35

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Quote from: Sirait on August 27, 2020, 06:00:50 PM

Quote from: ?? on ??

I heard polkadot a few days ago and once I checked the price I was surprised to be around $5. I think it's a natural thing considering this project is so good. Even though it's still new I am sure there are great people who are behind this project.

Polkadot was founded by the Web3 Foundation, besides Polkadot, they also founded Kusama.network.

I don't know more details about the Web3 Foundation but it seems they are not ordinary people.

I feel this has something to do with outlier ventures. They seem to be a group of investors and whatever ever project they are involved in, it eventually becomes big.
So, I am not surprised at the performance of polkadot, because they are backed by the big names.

Sirait

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Quote from: ?? on ??

I heard polkadot a few days ago and once I checked the price I was surprised to be around $5. I think it's a natural thing considering this project is so good. Even though it's still new I am sure there are great people who are behind this project.

^ Polkadot was founded by the Web3 Foundation, besides Polkadot, they also founded Kusama.network. I don't know more details about the Web3 Foundation but it seems they are not ordinary people.

onecall123

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Quote from: TeraBite on August 27, 2020, 06:39:54 AM

Quote from: piebeyb on August 26, 2020, 11:15:23 PM

This altcoin is still relatively new even though it is in very fast development, seeing the terrible total supply with the current price value is so expensive, worried that if there is a massive dump, I have not looked deeper but I often see this everywhere, some tokens from the polkadot network This is pretty good too, but maybe I'll come back to see it later in the next month

Agreed with you it is just a FOMO buy when everyone shouting the moon I also think soon correction will happen and there would be another great opportunity to buy this token at cheap price. This ecosystem is still under development and no doubt a lot of dapps are being building on this blockchain. It is good to keep eye on it to grab some cheap tokens.

Thanks for your suggestion, I’m also watching right now. I feel like we could easily get this token at cheap price range before anything big happens. I think Polkadot is a very promising project for 2020, so yeah down to like $4 for me very much suitable.

TeraBite

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Quote from: piebeyb on August 26, 2020, 11:15:23 PM

This altcoin is still relatively new even though it is in very fast development, seeing the terrible total supply with the current price value is so expensive, worried that if there is a massive dump, I have not looked deeper but I often see this everywhere, some tokens from the polkadot network This is pretty good too, but maybe I'll come back to see it later in the next month

Agreed with you it is just a FOMO buy when everyone shouting the moon I also think soon correction will happen and there would be another great opportunity to buy this token at cheap price. This ecosystem is still under development and no doubt a lot of dapps are being building on this blockchain. It is good to keep eye on it to grab some cheap tokens.

sarmrakib

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I have seen the old Polkadot is an awesome project and may they have open the new one .The project is listed on Binance and rapidly growing .I have missed the opportunity to invest on it ,but its still have a chance .Surely the project will be huge in near future.

Mr.Scott

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I have heard Polkadot here and there just believe new hype coin in the marker right now. Can anyone kindly suggest me that its good for long term or not? In case i want to more about this project.

X-ray

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Quote from: Sy on August 27, 2020, 02:09:05 AM

Anyone got any idea why there's a huge ranking difference between coingecko and CMC? Coingecko is ranking DOT at 6th but according to CMC DOT ranking is at 2169.

It's not yet updated but you can try to calculate how much dot marketcap on the CMC too. Coingecko has already updated the total mcap dot as the total supply and circulating supply has already determined too.

That's the factor why both were showing the different result.

Sy

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Anyone got any idea why there's a huge ranking difference between coingecko and CMC? Coingecko is ranking DOT at 6th but according to CMC DOT ranking is at 2169.

piebeyb

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This altcoin is still relatively new even though it is in very fast development, seeing the terrible total supply with the current price value is so expensive, worried that if there is a massive dump, I have not looked deeper but I often see this everywhere, some tokens from the polkadot network This is pretty good too, but maybe I'll come back to see it later in the next month

shinratensei_

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Quote from: Danslip on August 26, 2020, 06:56:04 PM

First I thought it was a glitch in the system of CMC but later started to analyze the Polkadot in order to be sure about the current market speculation which is very very possible after getting rejected by Bitfinex. Binance listing and the HYPE drive the price to $5 per DOT, it is commonly known fact the HYPE dies faster than what investors imagine in their dream.

I suggest you take a look at EOS and the hype that has already driven the polkadot project looks the same with the hype that happened with EOS. The dot token is having a very big supply like EOS too.

Some defi projects have already started to use the tokenization in the dot platform too.

I personally tried to create a polkadot token to test how good the dot platform compared with EOS. This is not the usual hype that was driving the pump of altcoins.

Danslip

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First I thought it was a glitch in the system of CMC but later started to analyze the Polkadot in order to be sure about the current market speculation which is very very possible after getting rejected by Bitfinex. Binance listing and the HYPE drive the price to $5 per DOT, it is commonly known fact the HYPE dies faster than what investors imagine in their dream. HYPE will die sooner than mass expectations, in all cases as usual.

Sirait

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Quote from: didzi on August 26, 2020, 04:42:30 PM

also this coin now listed on coinmarketcap too https://coinmarketcap.com/currencies/polkadot-new/markets
i think this coin seems good to invest mate, because DOT already tradeable on big exchange such as binance, bitfinex, bittrex and many more
maybe for long term you can buy this coin now, but for short term i think its better to wait for corrections buddy

thank you friends for the information, yesterday I didn't see DOT in CMC.

I also think like you, it's better to wait for the correction period first.

buying now is still very risky even though DOT has been traded on a large exchange and has a large transaction volume.

torrantz

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DOT has already raised a lot of money and what makes it has already entered into the top 7 CMC should be caused by it has a very big total supply and it's over price coin right now. It looks like there was small amount of coins in the circulating supply. $6 for each DOT and this is a non sense price.

nelson4lov

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I couldn't get an entry on polkadot so I'm currently out of the train but I'm considering taking a shorting it immediately I spot a trend reversal or pullback on the chart: https://in.tradingview.com/symbols/DOTUSDT/?exchange=BINANCE since there's not much data to work with since the redenomination weeks back.

I recently saw an article about some of the awesome projects being built on top of polkadot and I'm impressed so far. Let's see how far it flies. I'll be keeping an eye out for it.

Mahanton

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Quote from: Sirait on August 25, 2020, 05:58:24 PM

strange phenomena continue to appear on the cryptocurrency market.

I want to know your opinion about this cryptocurrency, just launched a few days and has entered the top 7 ranking on Coingecko.

https://www.coingecko.com/en/coins/polkadot
https://www.worldcoinindex.com/coin/polkadot

Any coin will definitely had the chance on getting top spot ranking on a certain platform but if we do try to check out the liquidity and the volume then you would able to tell the difference
on what coin does have an organic increase compared to those who do just being pumped in a short time.About that polkadot project, from the name itself then i cant already trust it up.
I havent read up on whats the project is all about but talking about seriousness, the name implies the opposite.Its just my own view though but if you do chose up
to risk some money on it then its your choice.

didzi

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Quote from: Sirait on August 25, 2020, 05:58:24 PM

strange phenomena continue to appear on the cryptocurrency market.

I want to know your opinion about this cryptocurrency, just launched a few days and has entered the top 7 ranking on Coingecko.

https://www.coingecko.com/en/coins/polkadot
https://www.worldcoinindex.com/coin/polkadot

About Polkadot: https://polkadot.network

also this coin now listed on coinmarketcap too https://coinmarketcap.com/currencies/polkadot-new/markets
i think this coin seems good to invest mate, because DOT already tradeable on big exchange such as binance, bitfinex, bittrex and many more
maybe for long term you can buy this coin now, but for short term i think its better to wait for corrections buddy

lizarder

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Quote from: disconnectme on August 26, 2020, 01:48:07 PM

The good thing for Polkadot team is that tey can easily convert some of the Ethereum community to shift tio their chain if the Eth 2.0 stall, but I still feel the project is currently over-valued, nothing for now justified the present valuation until I start seeing Dapps being launched on the chain

It looks like Dapp will be launched for quite a while considering that currently Polkadot is still focused on making many projects using the DOT chain, but I hope Polkadot will also immediately take care of Dapp because currently, I am quite uncomfortable with the Dapp project from ethereum because the Gas Price that makes no sense makes me lose & lose the spirit of playing Dapp Game.

disconnectme

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The good thing for Polkadot team is that tey can easily convert some of the Ethereum community to shift tio their chain if the Eth 2.0 stall, but I still feel the project is currently over-valued, nothing for now justified the present valuation until I start seeing Dapps being launched on the chain

tomahawk9

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interesting. On Coingecko the coin is the top 10 cryptos by market cap and even in the top 20 by volume in 24h, but on CMC it's nowhere to be seen because it is ranked #2167. I suppose this had to do with some sort of T&C from coinmarketcap for recently listed/launched cyptos? surely this raises a few red flags, no?

Quote from: Sirait on August 25, 2020, 05:58:24 PM

I want to know your opinion about this cryptocurrency

extremely risky investment if you're looking for short-term profits. It's such a new player in this market, you honestly have no idea what to expect from it. I would give it a few more weeks (even more) to see how the market reacts, but for now, and at that price range ($6), I'd stay as far away from it as I can.

Topic: [DOT] Polkadot Speculation - page 11. (Read 3198 times)