Polkadot exploding why? | Bitcointalksearch.org

TastyChillySauce00

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Quote from: michellee on January 15, 2021, 02:22:19 AM

Quote from: TastyChillySauce00 on January 15, 2021, 12:40:28 AM

Quote from: chesatochi on January 14, 2021, 06:50:05 PM

I might need to look to expose myself to this hot asset and potential profit.

Im not sure about the potential profit from the DOT. This time it reaches $14 which can be considered as the new ATH for DOT.
I have been going in since last month and got a very nice profit from this potential investment but how potential DOT depends on what will be your position. So many people are joining in the market at the peak price and that makes them all got a very bad position.

Maybe that is why Polkadot explode and have time to increase to $14. For the early investors or people who bought DOT in the beginning, they are making a lot of money from DOT. But I think the price will not stop to that price because we do not yet see the altcoin season, so I think the price can be up to $14-$20 soon. I have some DOT that I am not selling because I still wait for the next higher price, and I hope that the price will hit the next higher price.

The altcoin season will never come as it already happened. The majority of legit coins were pumping so hard to follow the bitcoin. if DOT will be giving another good news and it might be pumped again but this time bitcoin faces another small correction that reduces the bullish trend that's happening with the DOT.
This coin is possible to reach $20 as the peak price. DOT is also owned by the member from the ethereum foundation and you can see how potential this coin is.

FairUser

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Quote from: MrRWallace on January 15, 2021, 08:23:58 PM

I feel like DOT is really the next XRP, if XRP will be out of the picture.

I think your feeling is very bad, you are talking about DOT a project that really brings a lot of value and means a lot to the market, because as far as i can see, 2020 DOT has been really successful. And following that success, over time people also see that they are expanding their ecosystems on more platforms, for all the competitors with ETH i rate DOT as the best.

MrRWallace

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I feel like DOT is really the next XRP, if XRP will be out of the picture.

SlimShadyMmp

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Parachains mate plus is an eth killer so if you combine a and b plus some chains you get the whole alphabets and is scalable like crazy so I think Polka is just getting started

terrific

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Quote from: ahoenk on January 15, 2021, 03:56:13 PM

Because polkadot is the coin which can replace ethereum in term of its uses cases, especially for DeFi project which need cross chain trade. Another reason is polkadot will launch its decoded event for all developer in the world just like ethereum did.

What are the project defis that's made on Polkadot?
Are there many projects that have been using polkadot? If so, what are those projects? it is getting the highlight because it's ranking has been up since the start of the year.

zasad@

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Quote from: ifightformerkel111 on January 13, 2021, 11:12:20 AM

It looks like Polkadot ist exploding at this moment. From 8.3 to 9.8 in 10 Hours right now and it is growing like hell, whats happening, any news?
All other coins go witch bitcoins price up and down, polkadot not?

Now the price of all competitors of Ethereum is growing.

https://cryptoslate.com/bloomberg-brands-polkadot-dot-an-ethereum-blockchain-killer-in-new-article/
Bloomberg brands Polkadot (DOT) an “Ethereum blockchain killer” in new article

In practice, it is necessary to study what will actually work in the near future. I think these will be platforms that can interact with Ethereum.

ahoenk

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Because polkadot is the coin which can replace ethereum in term of its uses cases, especially for DeFi project which need cross chain trade. Another reason is polkadot will launch its decoded event for all developer in the world just like ethereum did.

RapTarX

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I have been observing this project for a few weeks now and till now, I managed to learn a few things although I need further analysis to learn everything about this project. Till now, it's a very interesting project with a lot of developments over ETH and there are a few good projects coming into Polka chain; people are speculating DOT to be huge this year. If you check twitter regularly, you will find a lot of shilling going on there which might be another reason of being pumpoed.

crazy-pilot

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I am extremely pleased with what is happening with the half-cadot.
The project can be called quite fresh, but it breaks into the top without any problems and continues to grow no matter what.
I am sure that this moena should be in the portfolio of every crypto investor.

FairUser

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As for DOT, there's no need to say too much, i bought it around September 2020 because then i started to feel the market will change drastically in the near future. And DOT is really a perfect choice for me personally, looking at how it builds its foundation and builds its ecosystem i'm going to bet DOT at $100.

Shallow

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When the demand for a project or its coin increases it is expected the project will grow in all ramifications, I believe this is the case with Polkadot, that is, I heard some projects are finding it good leveraging it services to achieve their aims and also, Polkadot is making it highly friendly for upcoming projects to get associated. Also, just like many other projects that grew so high like EOS and then later start declining, I hope the Polkadot team will try their best to keep to the tasks ahead while maintaining their rank on coinmarketcap. However, on the other hand, considering the market growth so far, it can also be seen the project is moving with the market just like others.

IkonaDro4ku

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Many people think the polcadot will be as big as Ethereum now and this is not without reason recently, many projects are choosing their blockchain. Now this price may seem expensive, but after a while it will seem cheap.

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Quote from: ifightformerkel111 on January 13, 2021, 11:12:20 AM

It looks like Polkadot ist exploding at this moment. From 8.3 to 9.8 in 10 Hours right now and it is growing like hell, whats happening, any news?
All other coins go witch bitcoins price up and down, polkadot not?

Polkadot is not a pump and dump project, it's a very useful project that may be as big as ethereum some day, right now Ethereum is fumbling because of gas fee but that's on the adopters and developers to make a choice, if a new project that's Ethereum capable became noticed Ethereum will go down, I still like eth blockchain but gas fee is ruining everything

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Quote from: TastyChillySauce00 on January 15, 2021, 12:40:28 AM

Quote from: chesatochi on January 14, 2021, 06:50:05 PM

I might need to look to expose myself to this hot asset and potential profit.

Im not sure about the potential profit from the DOT. This time it reaches $14 which can be considered as the new ATH for DOT.
I have been going in since last month and got a very nice profit from this potential investment but how potential DOT depends on what will be your position. So many people are joining in the market at the peak price and that makes them all got a very bad position.

Maybe that is why Polkadot explode and have time to increase to $14. For the early investors or people who bought DOT in the beginning, they are making a lot of money from DOT. But I think the price will not stop to that price because we do not yet see the altcoin season, so I think the price can be up to $14-$20 soon. I have some DOT that I am not selling because I still wait for the next higher price, and I hope that the price will hit the next higher price.

TastyChillySauce00

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Quote from: chesatochi on January 14, 2021, 06:50:05 PM

I might need to look to expose myself to this hot asset and potential profit.

Im not sure about the potential profit from the DOT. This time it reaches $14 which can be considered as the new ATH for DOT.
I have been going in since last month and got a very nice profit from this potential investment but how potential DOT depends on what will be your position. So many people are joining in the market at the peak price and that makes them all got a very bad position.

Twinkledoe

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Quote from: kpierce77 on January 14, 2021, 02:21:08 PM

With ethereum still not solving their fees and another network issue, I'm sure other developers looking to make a good product are looking for better alternatives. And the good thing is, in the last few weeks there have been several projects with good products using the Polkadot protocol, of course this could be a sign that there is a shift from ethereum dominance to polkadot (although not on a large scale)

As polkadot is seeing as good alternative for eth platform, there will be projects that will utilize this network. As we are not seeing the changes with eth in terms of fees, maybe, there are projects that are now diverting to dot instead of eth. This interest may have contributed to the current price pump. But let's see if they can sustain this market.

chesatochi

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I might need to look to expose myself to this hot asset and potential profit.

terrific

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$12 as I see it right now.
A good coin that has been from the bottom to the top. Good for those who have noticed this coin earlier than those who are just noticing it because of the gains.
if you have held it on $8.3 and below, you're in definite profit.

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Quote from: ifightformerkel111 on January 13, 2021, 11:12:20 AM

It looks like Polkadot ist exploding at this moment. From 8.3 to 9.8 in 10 Hours right now and it is growing like hell, whats happening, any news?
All other coins go witch bitcoins price up and down, polkadot not?

It is over 12 now and basically some big guys are pushing its price up, there has been significant hype about it in the market and the project is top notch as well so i would not be surprised at all if dot can rally to even bigger highs from here onwards.

kpierce77

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With ethereum still not solving their fees and another network issue, I'm sure other developers looking to make a good product are looking for better alternatives. And the good thing is, in the last few weeks there have been several projects with good products using the Polkadot protocol, of course this could be a sign that there is a shift from ethereum dominance to polkadot (although not on a large scale)

Febo

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$11 Billion is a lot of money. Not that many corporations are worth more money. In general things will go crazy this year in crypto. Will be interesting to see how will preform projects that are already valued extremely high.

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Quote from: ifightformerkel111 on January 13, 2021, 11:12:20 AM

It looks like Polkadot ist exploding at this moment. From 8.3 to 9.8 in 10 Hours right now and it is growing like hell, whats happening, any news?
All other coins go witch bitcoins price up and down, polkadot not?

You can read about polkadot below
https://cointelegraph.com/news/polkadot-skyrockets-nearly-30-to-10-billion-market-cap-what-s-behind-the-rally?utm_source=Telegram&utm_medium=social

michellee

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Quote from: ifightformerkel111 on January 13, 2021, 11:12:20 AM

It looks like Polkadot ist exploding at this moment. From 8.3 to 9.8 in 10 Hours right now and it is growing like hell, whats happening, any news?
All other coins go witch bitcoins price up and down, polkadot not?

Indeed, those coins have a big demand from the traders, but we do not know the right reason for that. But I do not think that it is an exploding because the price does not increase so high. I think polkadot follows bitcoin, but sometimes, the coin price will not always follow behind the bitcoin price because that will depend on the situations and conditions for that coin at the market. But I think that coin will have the potential to increase more than $10.

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Quote from: SlimShadyMmp on January 13, 2021, 06:31:16 PM

Though is already in the billion category I won't be surprised to see it pumping really hard once so interchains gets in the way Let hope they launch their smart Contract really well

Is not it the DOT already issued the smartcontract? i see that some projects already issued the DOT asset on the parachain. Im always watching the official group of DOT but it looks like im missing something here.
People are hyping it the same as EOS but we know that EOS will be dead in the future and DOT is the only reliable smartcontract platform to compete with ethereum.
It's good to see that my DOTs were increasing a lot too. Grin

SlimShadyMmp

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Though is already in the billion category I won't be surprised to see it pumping really hard once so interchains gets in the way Let hope they launch their smart Contract really well

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Quote from: ifightformerkel111 on January 13, 2021, 11:12:20 AM

It looks like Polkadot ist exploding at this moment. From 8.3 to 9.8 in 10 Hours right now and it is growing like hell, whats happening, any news?
All other coins go witch bitcoins price up and down, polkadot not?

this market was driven by the power of buyers and sellers mate,
so, when the buyers win, of course the price will grow up, with or without news,
sometimes the price touch a strong support zone, then bounce buddy

MacHenry

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This is because Rococo V1 parachain registration has just begun. According to their tweet, "Plasm_Network
has deployed the first parachain on Rococo V1.

"Our highest priority in 2021 is to become a Polkadot parachain and build a dApps hub on Polkadot. Today (13th Jabuary, 2021) we became the first parachain on Rococo V1."

They said they have successfully connected Plasm to Rococo V1 as a Parachain Party popper

This is the reason for the increase in price.

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Quote from: ifightformerkel111 on January 13, 2021, 11:12:20 AM

It looks like Polkadot ist exploding at this moment. From 8.3 to 9.8 in 10 Hours right now and it is growing like hell, whats happening, any news?
All other coins go witch bitcoins price up and down, polkadot not?

It is even growing more and its seems like big players are confident about it so they are accumulating, it is a quality project but im just concerned about high staking rewards that can keep the price under pressure due to people cashing out their staking profits.

DeathAngel

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It’s been increasing in price steadily for quite a while now. It’s a good coin, definitely worth holding for a year or so. I wouldn’t sell now, it more potential to increase in value even more.

Coyster

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There's been quite a lot of news and threads about Polkadot of late and it can only mean this coin has prolly piqued the interest of more crypto users, and that means more demand for the coin and that could be why it's appreciating, it could also mean the devs of this coin are working well on their network, if it's a long term progress, that we'll have to wait and see.

Quote from: akirasendo17 on January 13, 2021, 11:44:13 AM

so I'm also keeping some of this coin and hold, maybe I might get lucky keeping it.

If it's not a pump and dump coin, then you could very well be lucky holding it.

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Quote from: ifightformerkel111 on January 13, 2021, 11:12:20 AM

It looks like Polkadot ist exploding at this moment. From 8.3 to 9.8 in 10 Hours right now and it is growing like hell, whats happening, any news?
All other coins go witch bitcoins price up and down, polkadot not?

lots of projects are under polkadot and they are giving some discount or bonus if you are going to use polkadot, also at this moment this coin is affordable, the price might explode in the future so I'm also keeping some of this coin and hold, maybe I might get lucky keeping it.

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Quote from: ifightformerkel111 on January 13, 2021, 11:12:20 AM

It looks like Polkadot ist exploding at this moment. From 8.3 to 9.8 in 10 Hours right now and it is growing like hell, whats happening, any news?
All other coins go witch bitcoins price up and down, polkadot not?

Simple google search will able to help you out on what are the latest updates about DOT.
Here you go;

https://cryptoslate.com/here-are-some-of-the-big-projects-coming-to-polkadot-dot-in-2021/
https://bravenewcoin.com/insights/polkadot-changes

This might be the reason in terms of fundamentals but on the other hand when it comes to price
increase then it is just simply showing off some demand.

ifightformerkel111

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It looks like Polkadot ist exploding at this moment. From 8.3 to 9.8 in 10 Hours right now and it is growing like hell, whats happening, any news?
All other coins go witch bitcoins price up and down, polkadot not?

Topic: Polkadot exploding why? (Read 337 times)