Topic: How does Polkadot crypto come to 7th position? is a scam? (Read 1035 times)

you need to learn more about polkadot before you wrote if this altcoin was a scam project
because many people believe polkadot is one of the best ethereum competitors,
i know its hard to beat eth but this altcoin has a lot of chance to grow hard in the near time and stay as the part of the TOP altcoins

Polkadot it is maintenand a great crypto that is starting to become popular

Usdt will now soon launch on polkadot's own blockchain

https://www.theblockcrypto.com/post/100614/tether-usdt-stablecoin-polkadot-kusama

Couldn't agree more with you, mate. Polkadot is one of the very few legitimate projects in the crypto/Blockchain space that will last for long. It might become as good as Ethereum sometime in the future. I wouldn't say it's a scam, since it's backed by prominent developers in the industry. Being founded by one of Ethereum's co-founders, I'd say this project has potential to become one of the best smart contract platforms in the world. DOT will live alongside ADA, and ETH, for many generations. That is if Polkadot remains decentralized and censorship-resistant.

Nonetheless, it seems to me that Polkadot will be here to stay. The competition is getting fierce as new smart contract platforms emerge in the crypto/Blockchain space. While Ethereum is still the leader in the industry, there's ample room for growth for other alternatives like Binance Smart Chain, Cardano, and Polkadot itself. Who knows how big DOT will grow in the future? It may be the fifth-largest cryptocurrency by market cap now, but it could rise all the way to the moon if popularity increases at a fast pace. Imagine if DOT becomes the third-largest cryptocurrency by market cap after Ethereum? It would certainly gain the attention of people in the mainstream world. I see Bitcoin, Ethereum, and Polkadot as the leaders of the crypto/Blockchain industry in the not-so-distant future. Just my thoughts

Polkadot it is a big idea and infrastucture - it is not one man with several teenagers in programmers(developers). Just watch a main sheets of polkadot - the real nice structure to investing? ofcourse they are growing.

  When you have a workable product in the market; then you don't need more strength for promotion. Polkadot (Known as DOT) is a well manage project that has all it functions workable, is one among few projects that have solutions for existing problems: "In brief, Polkadot is a scalable, heterogeneous, multi-chain technology.", so, tell me you are just joking because this project is fabulous in nature and not scam. 

Polkadot has been consistently showing good potential and great volume in the coinmarketcap so its position isn't doubtful or questionable. It's a good project with a strong foundation that has caught the attention and trust of most investors. It still needs lots of developments in the future but it has been continuously moving positively so I'm sure that it could grow more in the future.

Looks like a shady tactic to game coinmarketcap.

Exactly. To say the least, Polkadot is one of the few legitimate projects in the crypto/Blockchain space. There are many talented developers working on it day and night making sure the project delivers as intended. The sudden rise of DOT on the market, is largely attributed to the "De-Fi" craze surrounding the industry. As long as there's demand for Polkadot, it'll stay within the top ranks in market cap. At least, there's growing competition in the smart contracts space. While Polkadot may never replace Ethereum, it could become a viable alternative for "De-Fi". Dirt-cheap fees, and blazing-fast transactions will certainly attract the masses into DOT. All that's needed is developer support so Polkadot could have an ample dApp ecosystem. Only then, it'll be able to become a true contender of Ethereum.

Nonetheless, time will tell us if Polkadot's sudden rise will be sustainable. Everything will depend on mainstream adoption. The team working on Polkadot will need to make sure that the project delivers constant development and innovation in order to stay ahead of the game. As long as they do that, Polkadot will survive for a very long time. We're going to have to wait until the hype ends in order to determine DOT's true value on the market. Just my thoughts

There has been a lot of hype surrounding Polkadot and I believe the same goes for the number of people that are investing in the project, they are probably going to be many and investing huge, so it shouldn’t come as a surprise to me if it reaches the 7th position. I don’t think it’s a scam, and as for whether it’s a good project or not, that’s what I can’t tell you and I can’t tell if it will be able to stand in the future.

Polkadot is not the first project that was nicknamed the Ethereum killer, most of them have come and gone and nobody knows about them now. Ethereum usually beats, and moreover there are still lots of developers making use of Ethereum smart chain.

No  polkadot does not look scam , they are working to hard to get it a place and I think they succeeded. I think it will be one of the most profitable as like EoS . I think many people are waiting to invest in polka projects too

they are really working on this platform. not a scam in my opinion. they have real technology in the making here. also, you can check the teams building on polkadot and they have good list also including popular  projects oceanprotocol and chainlink.their position is justifiable from my end. but if you are a serious investor, you need to open your eyes for what this project is working on.

Of course if what you read about polkadot is correct I think that is a good thing for polkadot,
and it is not impossible that the coin can develop further,
I think it's just a matter of time so it's better to be patient first,
I hope that you can finish soon in collecting data and information related to polkadot

Many people believe that Polkadot will be the next Ethereum, even if you compare it at this time very far between Polkadot and Ethereum.
Polkadot still need time to develop, so don't be too quick to conclude that Polkadot are good or bad. But if you look at Polkadot performance
this year, Polkadot should be one of the most profitable projects. So investing in Polkadot is what I suggest, I myself have invested in Polkadot
since the end of 2020 and am quite satisfied with the profit provided by Polkadot.

In fact, I read some article saying that polkadot are being supported by one of the top coins in crypto. It only means that polkadot project is so much trusted by high end investors and projects because of its strong credibility and unbreachable security. As of now, I'm gathering data and information to know what is the coin that supports and help polkadot.

Polkadot has its own network which is currently accepted by the market. the effect of Hype Defi also affects Polkadot, which is currently increasing. Indeed, the current volume of polka dots is increasing.
Currently it has reached 10X the lowest price since 2020. The hype in several defi projects has indeed made the price increase unreasonable.

That's a good step, of course seeing that there are currently many projects that end up scams,
I hope everyone can offer that considering the scam project is very unsettling for everyone,
with being limited of course it makes us a little calm,
however, we must be careful not to get caught up in a scam project

I don't see anything surprising here because its popularity has multiplied so much that it can be called a stable coin and its popularity is increasing day by day because of the chain and para chain attached to this coin.Moreover, the founders of Etherium are directly involved in it.

Quite right, as many people here write. But another and most important thing is that DOT offers a new tokenomics that seriously limits scam projects. Now for scam projects there will be no road to DOT

As far as I know, polkadot can grow this far thanks to his team,
they really work hard and the result is that polkadot can even be ranked 5th,
and of course we have to give appreciation to the team,
and I also believe that polkadot can develop even further

It’s a solid project, I don't think it is a scam. It’s #5 on total market cap. Also there is a unlimited supply and a rather high inflation (10%). This surpresses the value of 1 single token. Last; we first need to see some adoption for the price to go higher and DOT have already done it look qt the price now.

Are you kidding me? $5 billion usd,? What did they do with all the money then,? I understand this might be a mistake maybe you meant to say $5 million dollar which is still a lot of money to begin with, but ever since I got into crypto, I've never heard of any ICO or IEO raising as much as $5 billion dollars, but anyways, anything is possible.
And back to the question whether polkadot is a scam, it is not a scam, all crypto assets are volatile, they up and down, and sometimes, if their price go down significantly, they loose their position or coin market cap, this does not necessarily mean it's a scam.

Absolutely no. Polkadot reached the 7th position because of its market performance and stability, no illegal activities at all. If you will follow polkadot project and team, you will notice the credibility and efficiency of the project plans. In fact, polkadot in expected to increase more its market value for the next few months based on what I read in telegram channel.

Couldn't agree more with you, mate. DOT has high prospects of becoming a successful cryptocurrency in the long run. I wouldn't say the project is a scam as developers are delivering as intended. Polkadot is an extremely-active blockchain network with a vibrant community behind it. Its sudden rise could be largely attributed to its technical superiority compared to Ethereum. After all, the world's second-largest cryptocurrency by market cap (ETH) is struggling with high network load. The ever-rising fees, and slow transaction confirmation times has led people to look for other alternatives on the market. Polkadot, as well as, Cardano have experienced new gains in price as "De-Fi" becomes extremely popular in the mainstream world. Who knows what will be of DOT in the future?

Nonetheless, Polkadot holds good promise of becoming a true contender of Ethereum. The question is how long will it survive? Will it be able to stand the test of time? With ever-growing competition in the smart contracts space, Polkadot could either lose or gain traction as time goes by. The same thing could happen with Ethereum. As long as people support this project (DOT), it will be here to stay. Just my opinion

Well, calling Polkadot the Ethereum killer is certainly stupid. It will take a long time to catch up with Ethereum. Dot is a very promising coin and the project has big and long-term plans. Now many are interested in the development and growth of the coin and are trying to buy it for themselves. The positive movement of Dot can be seen! 

Yeah, now Polkadot has surge into Top Ten crypto, It has been touted as the latest "Ethereum killer"
Currently hype on crypto is all about Polkadot.
There are already a number of projects using the Polkadot framework, almost 200 according to data from PolkaProject.
I think Polkadot is a one of coin good to invest.

I think you have not any good idea and knowledge about Polkadot project, as my opinion polkadot is very good project and ther own coin Dot now a good and profitable for us and all holders. Now you can see the current rank of DOT coin is Five on Coinmarketcap. Also its future is very good.

OP has no clue about that dude and he needs to learn more about crypto and it looks like he was getting shocked to see that a coin that can surpass so many coin instantly. It looks like if he was newcomers too.
You should not be surprised to see that and he didn't know the ranking system in crypto lol.
Polkadot was created by a part of ethereum core developer team.

I don't get you OP, if a coin takes over so many top ranking coins that makes them scam? It's that easy to beat top ranking coins today? This isn't 2017 where an hype can push any altcoin to top 10 rank, now it's all about more hardwork, Polkadot deserves the rank because it works to achieve it, not by FOMO but by real use case

Polkadot is pulling great weight nowadays and has risen to a very high rank in coinmarketcap and that can only be achieved through hard work, because it has succeeded in overthrowing a lot of prominent coins. Also, it is quite true that a lot of coins has done that before like EOS while much is not heard about them, However in the case of Polkadot, it seems to be a different case as it offers great services which has made some projects both new and existing to consider utilizing their platform. Thus, in my own opinion, Polkadot is not a scam, but a reliable crypto with good future, and in as much as the team continues working hard then they will be able to maintain a good position on coinmarketcap. Lastly, you should know that one of the factors that pushes a coin to top rank in coinmarketcap is the community, how strong the community is will play a big role in keeping the coin valuable.

Polkadot is not going to compete with Ethereum. Polkadot is a low-fee cross-chain platform that will be compatible with many blockchains.
Read this news.
https://cryptobriefing.com/cross-chain-indexes-coming-polkadot-with-launch-stp-2-0/
Cross-Chain Indexes Coming to Polkadot With Launch of STP 2.0
I think next year it will be a new hype in cryptocurrency.

Agree, but why in rush to take higher position, if the community getting stronger, and the developing progress going well. The price and marketcap will follow to increase, right?
But at the moment i think the price mostly because FOMO and can go dip at any moment.

That's a fact, many projects rises and fall because they can't keep up with good development plans but Polkadot is more prepared than that, many new projects are running through polka network today and some are even gearing up to join the crew, I believe this is just the beginning for Polkadot fame, not a investment advice though, this is just my own inner mind talking

If development will continue there's a high chance that this project will stay with it's current position, the hardship of maintaining
your place around is very important.

Polkadot developers and supporters needs to continue working together in order to gather more support and to maintain the current
rank, the more supporters the more the value  will stay strong.

Getting on top rank on coinmarketcap is pretty hard but maintaining the position after several months or years is even harder, I hope Polkadot won't be like some altcoins that quickly rise up in rank and later lose the rank again, I can see the potential but I do hope it keeps things like that

Polkadot is different, you can't earn top rank on coinmarketcap today with just hype only like in 2016-2017, if you watch bitconnect and Polkadot use cases side by side you will instantly notice the difference, Polkadot is huge and it's usefulness is what get it to the position

Bitconnect was a big scam and a lot of people lose money in that project. On the other hand Polkadot is a very good project and some people are of the view that one day it will replace Ethereum.
Polkadot already reached in top 5 crypto currencies. Recently it's price has reached 20$ and in coming days i can see DOT being traded at 100$ or more.

We are in a craze world mate where anything is bound to happen, I've seen some coins years ago that are topping the chart on coinmarketcap and after some months things start going side ways, I'm not saying Polkadot will end like that though but invest only what you can afford to lose, that's what better

Polkadot is real, legit and future of cryptocurrency. It will be in number 3 position soon. The project under PolkaDot are extremely best. Price will go up with big difference in future.
There is nothing to be scam.

lol so why do you thing polkadot is scam, you must be new here,

dot crowdfunding already from mid 2017 and the listing are q4 2020, the project lead & created by ethereum co-founder DR. Gavin Wood

this year it will be at third position after ethereum no doubt about that  

Polkadot is certainly not a scam project. Because the founder of Polkadot is Gavin Wood, who is the co-founder of Ethereum. Polkadot's smart contact, whitepaper, mission, and vision have attracted people. That's why people have accepted Polkadot very easily. I don't think Polkadot is a stable coin.

not all cryptos are reliable or have a good future, in most cases there may be only a few, but only Bitcoin and ETH are proven. associated with Polkadot is a little familiar, I used to hear rumors that this project is a SCAM. but what we see is that Polkadot can reach the top 10 in CMC

Bra, unfortunately dot has inflation rate of more than 13% and a shady history. Another pump and dump scheme from a former developer of a respected project. https://messari.io/asset/polkadot/metrics

Bruh, Polkadot devs had nothing to do with DOT redenomination as Polkadot uses a sophisticated governance mechanism that allows it to evolve gracefully over time at the ultimate behest of its assembled stakeholders. With that being said, the redenomination is made by the token holders through votation and not by devs' decision which is something that some high profile cryptos are lacking - governance.

You can read the outcome of the DOT redenomination as it shows the split of 100x of DOT's original total supply. With this result, i don't see any "shady" or "bad practise" as oppose to what you are saying, IMHO.

Just another one project with good marketing and idea. Unlikely to be a scam as for me

Polkadot is a rocket Fire
Hope they will prosper in the future so they can develop crosschain trend and integrate with other cool players like
Equilibrium

It is now 6th and I feel like that is not really enough to make it look legit. I know that it moves up and that makes it look like it could actually be something serious and I understand the logic behind a coin looking high could mean it is a good one as well but it is not about being in the top 10 when you start, it is about being in top 10 all the time and polkadot has to show the world that it actually worths that top 10 price only if they could continue to stay in that top 10 for over a year or two, if they could actually hang in there for over a year and close to two, that means they actually deserve that place, however if slowly over time it starts to fall and becomes something that is not worthy, it will become less and less valuable and price will fall.

Polkadot is a real project and its current position is a recognition of its value. Can not conclude scam here because Polkadot has a specific product like other TOP 10 projects. It is possible that Polkadot's capitalization is high because of the hype but I firmly believe that in the future the market will purify itself and put Polkadot in the right position.

Bitconnect was once #6.

If something was an obvious scam it could never reach 7th position in rankings, there is no way that people would invest into a known scam that much, people would sell everything they own and get out as quickly as possible. However this doesn't mean they are not scam neither, they could very well be one but people just don't know about it and that's it, in the future it could turn out that it was a scam all along.

Putting all this into a mixer, we get ourselves a coin that is either so good that we are already too late to get in, or we have ourselves a coin that will drop significantly very soon. Both of which means I am not going in right now because there is really no upside to it at all for me, I am already too late and why risk it when I can't be the one who could gain from it?

More on the side of those investors who risk their money for this project to reach that position.

Most of the time when project showed good potentials investors buy the hypes and and start to follow the project, same
with what happened to this coin, it reached the ranks because there are now a good communities supporting the development.

We will have to wait till someone finally will take a lense to check its details whether the project will realy suvive in the decentralize market. Once its price drop down to $1, many of its investors will jump to conclude its a scam. Is anyone seeing this DOT to be centralized?

This project said to be forkless and base on what I read the team doesn't have to fork to upgrade something. It cold be because its using sharding and its also using tons of blockchain on it mix together.

polkadot is not a scam project, because in my opinion gavin wood is making develop polkadot very seriously, especially polkadot tokens are currently on the rise because many tokens associated with polkadot always increase when the token has started trading and also creates hype, and I have no doubt that next year many projects will use platform from polkadot to generate tokens to replace ethereum (erc20).

Polkadot is having a really good future and I think that it is going to replace the coins that we are already using and also that it is going to be much better than those coins. On the other hand I am also unable to understand how it reached this position, it is a really amazing win for the team where they are able to gain so much reputation in so less amount of time, price is right now just like the earlier days of ethereum coin where it used to be hovering around $8 before watching that huge pump at the time of ICO hype.

Polkadot is definitley not a scam. I think it has the potential to be a top 5 coin in the longterm.
It's a multichain project that aims to connect different blockchains.
If you look at the most recent projects that launched and are part of the polkadot ecosystem, then you will see that they all did well price-wise.
I already regret that i don't own any DOTs 

It may seem like a scam or a pump and dump scheme, but only if you did not pay attention for the past few years and it didn't come from nowhere as it has been in development for years. Its ecosystem is growing constantly, so I am pretty sure Polkadot is here to stay and it will be one of the biggest infrastructures in crypto as well.

DOT for me is okay and it's one of the good to buy now in the market because I know for sure that in the future it will bounce to its original price when it was started before. Especially now the price so far was 4$ something each token of DOT, then hold in the long term. I had no doubt about polkadot due to at the moment it was improving actually.

Redomination that happened with pokadot has already made this one entered the top 6 CMC.

I have owned the old DOT and it has already swapped into the new dot. After the swap and the launch of DOT main net the price of DOT is also getting increase drastically and that was also pumping the total market capitalization that has already reached by the DOT too.

Some new platforms are also helping the DOT platform to get the hype by started to use the parachain as the tokenization on the DOT platform too. This is not a scam platform. I could say this one is legit.

The competition is getting extremely difficult today, it misses the days before it was so easy

I'll love to know more about this polkadot tokens that is getting more recognition in the cryptocurrency market. I noticed that we have both old and new dot tokens trading in some exchange. I really don't understand how come such a new project is having multiple coin. I only hope that the project would not end up being scam like several others we've seen lately.

It could go up to 7th rank simply because people think it's worth that much and not to mention that one of the dev is Ethereum co-founder which kinda guarantees that this project is not exist only for raising money but to bring even better innovation than ETH.
The hype builds around polkadot until now I think is enough to make us as an average joe think that this project is definitely a promising one and definitely not a scam. There are also many publications regarding this project on the net so yeah, pretty much self explanatory.

agree, i would not call it a scam, since there is a lot that Polkadot is here to offer, team is having some popular crypto members, that were part of Ethereum community, and overall, the project exist for several years, but would not hit the exchange until now, i presume that was due to bear market and they were trying to get fair price for the token, which is good thing
of course, one should do their own analysis before investment, but Polkadot sounds good to me, not as a scam

I can't call it scam because I am not part of the team and only the team knows if they are scamming people or not, and not like they will come out and say that they are scamming people neither, which means we could never know until it scams people. But I can say that they are actually working on something, they are really putting an effort on it, do they deserve to be that high?

I believe they shouldn't be, they are definitely a top 50 coin easily, could even be said top 30 or so as well, but top 10? I am not entirely sure and probably will go down anyway. However just because they go down a bit, to like 20th or whatever doesn't mean they are bad, it just means there is a hype around it now that will die down, even if they are totally legit and keep working on it.

I believe Polkadot is a coin that attracts even some investors are already convinced of this coin but will this coin end up in a scam?  I don't think so and let's prove this coin I am sure will be very interesting in the future

Did the guy said that officially ? If not then there could be a different story why he created dot . I have witnessed a story before were a worker betray thier co workers or they were treated badly with their co workers resulting for them to quit and build their own creation . Maybe that story can also apply to them  . And also what do you mean by indirect competition ?  The coin is already at the 7th place and soon itl pass the position of eth or worst btc . That looks like a real competition we got here

I am a bit surprised to see that coin can replace the other position because, as newcomers in the crypto world, that coin can lift the position. And with the price is not too high to buy, I think this coin has attracted people to invest in that coin. But related to the scam, I don't have any idea if the dot will end as the other scam coins. We just need to be careful if we decide to invest in the dot, and make sure that you already research the project. I think if that coin can still increase at the market, maybe the position will be lifted too.

I was surprised when I got to see the performance of polkadot project in recent times. The project no doubt has been doing so well, but that doesn't warrant its being tagged a scam. What determines how successful a project could be is much more than acceptability and duration of existence. DOT token in my opinion is a good project and worth considering for hold.

If Polkadot was created by one of the Ethereum founders it means that the two of them will not compete directly with each other, but the competition will occur indirectly in the market when Polkadot is listed on the market.

People are attracted and likely to support projects that are run or managed by reputable developers than unknown developers and since Gavin Wood is behind this, it's not surprising that it is generating support, I will not consider this as a scam because it's still a work in progress and although there is a huge drop, it's not the only one dropping majority are dropping, let them prove themselves why they are on the top 10.

Polkadot  seems to be good project and some where even saying it may challenge ETH. Only time can tell its a good one or not . Too many projects coming up these days .

The number of coins is getting to big :p Just remember the days when there were just a few altcons. It was a lot easier to pick the most promising coins. Now it became a jungle of coins.

Yes every month a crypto news suddenly pops up out of nowhere on the top, Cosmos was a good project but the boss and gone.

No wallet ledger soon in the future will he be staking? Polkadot?

IMHO, I think its too early to say any conclusion about Polkadot token's sudden rise of price and CMC ranking. and it's very hard to distinguish now which is the genuine or fake because the market has thousands of listed cryptocurrencies and you need to check it carefully and it takes time, so let us conclude that the community behind Polkadot is very supportive thats why they are gaining such momentum, for now, but it doesn't mean that they will stay in that ranking forever.  

Until the day when they will collect the money, the coin will therefore risk falling? it is similar to Algorand the price was very expensive for an auction then the investors in sold their coins and the crypto to start to descend downwards

It looks more like a EOS project and its history started quite similar.
I bet there was a private presentation among whale investors and they agreed on buying out a lot of DOT coins.
And imagine knowing that good project will start in X days/weeks before anyone, buying coins for $1-$2 and now its above $4 so at least 200% profit for those investors and we can see they're not cashing out just yet.

Precisely that is why it is in the top to invest.


So it's almost a repetitive who wants to outperform ethereum? so he increases their capitalization to attract investors.


So it's still a crypto that wants to outperform ethereum? with almost the same function as ethereum, too bad this is not a new operation.


Yes it's a nice project but I find it a shame that they artificially increased the capitalization to outperform the other projects why not just do it correctly like bitcoin at the start?

I am undecided to invest at the moment

when you browse their website, seems that they are really working on this platform. not a scam in my opinion. they have real technology in the making here. also, you can check the teams building on polkadot and they have good list also including popular  projects oceanprotocol and chainlink.
 their position is justifiable from my end. but if you are a serious investor, you need to open your eyes for what this project is working on.

Polkadot was created by Ethereum co-founder Gavin Wood. This does not look like just another money grab to me. I think they are trying to build a better smart contract platform.

Did you watch the development progress that have already made by EOS and TEZOS? I did but both were creating useful product (repetitive). The problem was the products that created by them are not 100% perfect. A new platform has used the new mechanism to make it looks different than other and that makes people will be quite difficult to follow that.

KUSAMA is also a part of the DOT ecosystem too. DOT is getting hyped and it can be the reason why DOT can enter top 10. If you are comparing the price before the redomination and it's only 6x

Nothing is impossible, Tezos and EOS used to be in the TOP 10 when the source code was still in development. There are no clear products yet and the value is temporary. At least Polkadot already has a few projects working on its platform.

Well the pink dot itself is very sexy and enough reason for me to invest in it. Its also funded by Web3 Foundation that upon thier IEO they collected $140M.  Its no wonder that in the very early stage of its market its been added to top exchanges so why bother even thinking if its a scam, just join the hype.  Before CMC added it on the top 7th, coingecko had already added it on the top 5.

They are not like papers though AFAIK they did released their mainnet already. And DOT offers solution to both interoperability and scalability though so thats one thign that investors might just be investing.

Oh thank you very much for finding this with the details you deserve ;-). Yes it's a bit like the YAM crypto https://www.coingecko.com/en/coins/yam which then made a YAMV2 version https://www.coingecko.com/en/coins/yam-v2 car the blockchain had a problem the price was up and then down V1.

Even on coingecko Polkadot the original version cannot be found:
https://www.coingecko.com/en/coins/polkadot-old

Looking further with https://cmc.io/coins/polkadot-old we can see the old USD price: $ 290.1 or https://blockfolio.com/coin/DOT?timeFrame=3Y

I will see if it is the correct crypto of the future that will develop correctly and not create pollution token

Polkadot did a redenomination, which is why they increased in marketcap so drastically (100x) over night.

https://decrypt.co/41072/how-polkadot-surged-from-nowhere-into-the-top-10-cryptocurrencies


Source : https://coinmarketcap.com/currencies/polkadot-new/


Link to Polkadot before redenomination : https://coinmarketcap.com/currencies/polkadot-old/
I find redenominations very shady, specially when done only a year after launch. Means the devs are either incompetent to do a redenomination so soon after launch,
or they just wanted the marketcap and rank increase for free marketing. Either way it is bad practise.

Edit : Looks like coinmarketcap even removed their old Polkadot page. No way to compare anything now with prior denomination. Very shady indeed.

Very interesting yes it's true that eos did the same thing at the time it's currently a project that looks a bit like tron but today it floats

So it is likely that Polkadot could stay in a top with a confluence of its volume as eos to attract people to bet on their crypto

Bro not everything os scam. Polkadot is one of the few high quality project that has been developed by top quality developers, mostly who were working with or have worked with ethereum before and that is why it was a highly anticipated project even before its launch, if you are still skeptical about wait and watch for yourself if it is authentic or not.

Well, unlike EOS, which showed little interesting from the start, DOT immediately showed itself to be an active blockchain. I'm not saying that you need to invest in DOT, but you need to monitor projects that are launched on their blockchain.

Don't you remember EOS?
EOS was just a piece of paper, no mainnet, no nothing, just a token and a piece of paper.

It gathered 5 billion USD in the ICO and when to top 10 in day 1.

Is EOS a scam? Doesn't look like to be a scam. Is it a good project? Not in my opinion.

What about Polkdot?
There are a lot of eyes in it a now. Certainly it is not the best time to get in. Is it a scam? Unlikely. Is it a good project? Unlikely as well.

I would like to have your opinions

Coinmarketcap:
https://coinmarketcap.com/en/currencies/polkadot-new/
Website:
https://polkadot.network/

Polkadot How does this crypto coming out of nowhere appear in 7th position even though it was in 5th or 6th position when it is currently going down? it's a Pump and dump.

Or is it a crypto that will one day be reliable with a good future
is it a standalone crypto that has not been launched on ethereum?