Daily Polkadot (DOT) market cap history up to September 24, 2024
After declining significantly during the summer of 2021, cryptocurrency Polkadot reached a market cap of more than 50 billion U.S. dollars in November 2021. Nicknamed "the Ethereum Killer" by Bloomberg in December 2020, the altcoin is similar to Ethereum in that they are both open-source and are a decentralized web. Over the course of 2021, it increasingly attracted interest from crypto fund managers as they thought there were few developments in the Ethereum blockchain, and the cryptocurrency from Switzerland's Web3 Foundation was a suitable alternative.
