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Polkadot priceDOT

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Polkadot price calculator

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1 DOT = 7.49 USD
Last updated 2024-04-23 01:28:14(UTC-0)

Polkadot price live data summary

The live price of Polkadot is $7.49 per (DOT / USD) today with a current market cap of $10.76B USD. The 24-hour trading volume is $221.39M USD. DOT to USD price is updated in real time. Polkadot is +4.18% in the last 24 hours. It has a circulating supply of 1,436,556,400 .

What is the highest price of DOT?

DOT has an all-time high (ATH) of $55, recorded on 2021-11-04.

What is the lowest price of DOT?

DOT has an all-time low (ATL) of $2.69, recorded on 2020-08-20.

Polkadot price prediction

Set your prediction

When is a good time to buy DOT? Should I buy or sell now?

When deciding whether to buy or sell DOT, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget DOT technical analysis can provide you with a reference for trading.
According to the DOT 4h technical analysis, the trading signal is Buy.
According to the DOT 1d technical analysis, the trading signal is Sell.
According to the DOT 1w technical analysis, the trading signal is Neutral.

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Polkadot price performance in USD


Polkadot price history in USD

All-time$2.69(2020-08-20, 3 years ago )$55(2021-11-04, 2 years ago )

Polkadot market information

Market cap
Fully diluted market cap
Volume (24h)
Market rankings
Circulation rate
24h volume / market cap
Circulating supply
1,436,556,400 DOT
Total supply / Max supply
1.44B DOT
-- DOT
ICO price
$0.2900 ICO details

Polkadot ratings

Average ratings from the community
100 ratings
This content is for informational purposes only.

Polkadot Social Data

In the last 24 hours, the social media sentiment score for Polkadot was 2.9, and the social media sentiment towards Polkadot price trend was Neutral. The overall Polkadot social media score was 20,318, which ranks 67 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,469,623 times, with Polkadot being mentioned with a frequency ratio of 0.07%, ranking 45 among all cryptocurrencies.

In the last 24 hours, there were a total of 1,282 unique users discussing Polkadot, with a total of Polkadot mentions of 951. However, compared to the previous 24-hour period, the number of unique users increase by 6%, and the total number of mentions has increase by 54%.

On Twitter, there were a total of 23 tweets mentioning Polkadot in the last 24 hours. Among them, 0% are bullish on Polkadot, 9% are bearish on Polkadot, and 91% are neutral on Polkadot.

On Reddit, there were 24 posts mentioning Polkadot in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Polkadot. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
Social score(24h)
Social contributors(24h)
Social mentions(24h)
Social dominance(24h)
Twitter sentiment(24h)
Reddit score(24h)
Reddit posts(24h)
Reddit comments(24h)

About Polkadot(DOT)

What Is Polkadot?

Polkadot (DOT) is a next-generation blockchain protocol connecting multiple specialized chains into one unified network. It was conceptualized and launched by the Web3 Foundation, a Swiss Foundation facilitating a fully functional and user-friendly decentralized web. Its creation was led by Dr. Gavin Wood, one of the co-founders of Ethereum and the inventor of its programming language, Solidity.

Polkadot's fundamental objective is to enable blockchain networks to work together seamlessly, facilitating interoperability. While the current blockchain landscape is populated with numerous isolated blockchains operating independently, Polkadot aims to establish an internet of blockchains, where multiple chains can communicate and transact in a secure, trust-free environment.

This innovative platform is designed to support various blockchains, ranging from public, permissionless networks, private consortium chains, oracles, and other future technological developments not yet known. Polkadot's adaptability is indicative of the platform's vision of a decentralized web, where users are in control.



Official website:

How Does Polkadot Work?

To understand how Polkadot works, we need to be acquainted with its architecture, primarily comprising Relay Chains, Parachains, and Bridges.

Relay Chain

The Relay Chain is Polkadot's heart, responsible for the network's shared security, consensus, and cross-chain interoperability. It verifies and finalizes the transactions from the connected chains, ensuring the overall security of the network.


Parachains are individual blockchains that run parallel within the Polkadot ecosystem. Each parachain is unique, tailored with its specific features and applications, and all of them benefit from the security provided by the Relay Chain. Parachains communicate with the Relay Chain and with each other through Cross-Chain Message Passing (XCMP).


Bridges are special blockchains that link Polkadot with external networks like Ethereum or Bitcoin, ensuring the interconnectivity of chains across the blockchain sphere, not just within Polkadot.

Polkadot's operations are orchestrated through a sophisticated consensus mechanism, employing aspects of both proof-of-stake and Byzantine fault tolerance. Validators staking the native DOT tokens are selected to produce blocks on the Relay Chain and confirm parachain transactions. Nominators, on the other hand, select trustworthy validators, helping secure the network. Other roles include Collators, who collect parachain transactions and produce proofs for validators, and Fishermen, who monitor the network and report malicious activities.

The DOT Token

The DOT token is the native cryptocurrency of the Polkadot network. It serves multiple purposes within Polkadot’s ecosystem, playing a crucial role in the platform's operation, governance, and security.

Role in Network Operation

DOT tokens are primarily used in the operation of the network. Participants can bond DOT tokens to add new parachains (parallel blockchains) or to engage in other operations. This bonding process is crucial for maintaining the network's overall security and stability.

Role in Governance

The DOT token has a vital role in Polkadot's on-chain governance. DOT holders have the right to vote on proposed changes to the network, including the addition of new parachains and system upgrades. This allows for a completely decentralized, democratic decision-making process where every DOT holder has a voice.

Role in Security

In Polkadot's ecosystem, DOT tokens are also used to incentivize good behavior through a mechanism called staking. Validators stake DOT tokens as a kind of security deposit. Those who act dishonestly or attempt to attack the network will have their stake slashed, losing a portion or all of their staked DOTs. This mechanism helps secure the network against malicious activities.

Role in Interoperability

Finally, the DOT token is used to facilitate interoperability across different chains. Cross-chain transactions often require a native token to process, and in Polkadot's ecosystem, DOT tokens serve this function.

What Determines Polkadot's Price?

The Polkadot price is influenced by a myriad of factors that contribute to its volatility and market value. One of the primary determinants of the Polkadot price today is its utility and adoption within the blockchain ecosystem. Polkadot, often hailed for its multi-chain network capabilities, facilitates cross-chain data and asset transfers. This makes it a cornerstone for interoperability in the blockchain space. Its native token, DOT, plays a crucial role in network governance, staking, and bonding processes. The more projects that build on or integrate with Polkadot, the higher the demand for DOT, which in turn affects its market cap and overall value.

Polkadot's scalability and cross-chain functionality have attracted significant projects to its ecosystem, further driving its utility and, by extension, its price. Therefore, those interested in the Polkadot price forecast should consider these technological benefits when assessing its long-term value.

Another significant factor in Polkadot price prediction and Polkadot price speculation is market sentiment, often influenced by news cycles, technological advancements, and macroeconomic factors. Investor behavior, reflected in Polkadot price charts and Polkadot price analysis, can be reactive to updates about network upgrades, partnerships, and staking rewards. For instance, Polkadot's inflationary monetary policy, designed to incentivize network participation, can dynamically adjust the DOT supply, affecting both short-term and long-term Polkadot price forecasts.

If you're planning to buy Polkadot or are interested in Polkadot's future price, it's crucial to also consider external factors like regulatory news and broader market trends. These external influences can have immediate impacts on Polkadot's real-time price, commonly referred to as the Polkadot price live. Hence, a comprehensive Polkadot price update should consider both intrinsic utility and broader market sentiment to provide a well-rounded view of its current and future price.


Polkadot is more than just a blockchain protocol; it's a vision for a decentralized web where multiple blockchains co-exist and interact seamlessly. By focusing on interoperability, scalability, and a user-centric approach, Polkadot is set to become a vital part of the decentralized future of the internet. The forthcoming sections of this article will delve deeper into each of these aspects, providing a thorough understanding of Polkadot's unique architecture, features, the role of DOT token, and its decentralized governance.

Related Articles about Polkadot

Introduction to Polkadot (DOT)

How to buy Polkadot (DOT)

Buying Polkadot on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Polkadot (DOT) .

Trade DOT perpetual futures

After having successfully signed up on Bitget and purchased USDT or DOT tokens, you can start trading derivatives, including DOT futures and margin trading to increase your income.

The current price of DOT is $7.49, with a 24h price change of +4.18%. Traders can profit by either going long or short onDOT futures.

Join DOT copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or DOT tokens, you can also start copy trading by following elite traders.

Polkadot news

See more

Top Polkadot (DOT) Predictions and Outlook as of Late

$15, $20, or almost $50: what does the future hold for DOT’s price?

Cryptopotato2024/04/22 15:55

Web3 Foundation Launches 10 Million DOT Bounty Pool to Promote JAM Development

Cointime2024/04/22 12:53

Polkadot Price Analysis: DOT Soars 4% Daily as Traders Brace for Incoming Volatility

Cryptopotato2024/04/22 12:25

Polkadot (DOT) Showing Signs Of Recovery After Positive Weekend

Cryptodaily2024/04/22 10:22

Announcement on Resumption of DOT Network Withdrawal Services

Bitget Announcement2024/04/22 02:18

People are also inquiring about the price of Polkadot.

What is the current price of Polkadot?

We update our Polkadot to USD price in real time. Get the live Price of Polkadot on Bitget.

What is the 24 hour trading volume of Polkadot?

Over the last 24 hours, the trading volume of Polkadot is $221.39M.

What is the all-time high of Polkadot?

The all-time high of Polkadot is $55. This all-time high is highest price for Polkadot since it was launched.

Can I buy Polkadot on Bitget?

Yes, Polkadot is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Polkadot guide.

Can I get a steady income from investing in Polkadot?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Polkadot with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

How does Polkadot aim to solve scalability issues faced by other blockchains?

Polkadot uses a multi-chain architecture with a central Relay Chain and multiple Parachains. This structure allows for parallel processing of transactions across different chains, increasing the overall capacity and scalability of the network.

What is the primary purpose of Polkadot (DOT)?

Polkadot (DOT) serves as the native cryptocurrency of the Polkadot network, a decentralized platform designed to enable different blockchains to transfer messages and value in a trust-free fashion, aiming to make a web where independent blockchains can share information. DOT tokens have multiple uses within the ecosystem: they provide governance rights to holders, allowing them to have a say in the development and changes to the protocol; they are staked to maintain the network's security and operations; and they can be bonded to connect new chains or parachains to the Polkadot relay chain. Thus, DOT is an essential component in ensuring the smooth operation, security, and interoperability of the Polkadot ecosystem.

What was the price of DOT during its Initial Coin Offering (ICO)?

The DOT token was sold at an initial price of around US$30 during its ICO. However, post-ICO, there was a 100:1 redenomination, effectively making the ICO price US$0.30 per DOT under the new denomination.

Is Polkadot a good investment?

Polkadot (DOT) has established itself as a dominant player in the crypto sphere, securing its spot as the 12th largest by market capitalization as of August 2023. Its strong presence on premier exchanges, including Bitget, underpins its acceptance and high trading liquidity. With an ever-increasing number of connected chains and the addition of parachains, Polkadot is enhancing its ability to interoperate between various blockchains. This development, coupled with the growing interest in Polkadot for Web3 projects, suggests that DOT is not only crucial for the evolving Web 3.0 landscape but also presents a promising investment opportunity, especially as decentralized applications (dApps) become more popular.

How does staking DOT work, and how does it impact its value?

Staking in Polkadot is governed by its Nominated Proof-of-Stake (NPoS) consensus mechanism. The process involves two primary roles: validators and nominators. Validators produce new blocks, confirm transactions, and uphold network integrity by locking up a certain amount of DOTs as collateral. Nominators, on the other hand, don't directly engage in block production but support validators by staking their DOTs on those they trust. Both earn rewards for their roles, but they also face the risk of having their staked DOTs slashed if involved in malicious activities or negligence. The staking process requires DOT holders to "bond" their tokens, rendering them illiquid for a specified period. If they choose to "unbond," there's a waiting period, often 28 days, before the DOTs are available for transfer. The act of staking DOTs can significantly influence its market value in several ways. By staking, a portion of DOT's supply is effectively locked, potentially leading to upward price pressure due to reduced circulation if demand remains steady or rises. Additionally, the prospect of earning rewards from staking provides an incentive for DOT holders to retain their tokens, reducing sell-off tendencies. This dynamic promotes network security as more staked DOTs increase resistance to malicious intent. However, the potential for slashing introduces an element of risk, and any large-scale slashing events might raise concerns about the network's stability, potentially impacting DOT's value negatively.

Can I mine Polkadot?

No, you can't mine Polkadot like traditional cryptocurrencies such as Bitcoin or Ethereum. Instead, Polkadot operates on a Nominated Proof-of-Stake (NPoS) consensus mechanism. Within this system, DOT holders can either become validators, responsible for producing blocks and confirming transactions, or nominators, who support validators with their own DOTs. While validators actively participate in the network's operations, nominators back trusted validators and earn a portion of the block rewards in return.
Cryptocurrency investments, including buying Polkadot online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Polkadot, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Polkadot purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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