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.
Market capitalization of Polkadot (DOT) from August 2020 to June 2, 2024
(in billion U.S. dollars)
Characteristic
Polkadot (DOT) market cap (in billion U.S. dollars)
Year-on-year percentage change (%)
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CoinMarketCap, & Statista. (June 3, 2024). Market capitalization of Polkadot (DOT) from August 2020 to June 2, 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/1277896/polkadot-daily-market-cap/
CoinMarketCap, und Statista. "Market capitalization of Polkadot (DOT) from August 2020 to June 2, 2024 (in billion U.S. dollars)." Chart. June 3, 2024. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/1277896/polkadot-daily-market-cap/
CoinMarketCap, Statista. (2024). Market capitalization of Polkadot (DOT) from August 2020 to June 2, 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/1277896/polkadot-daily-market-cap/
CoinMarketCap, and Statista. "Market Capitalization of Polkadot (Dot) from August 2020 to June 2, 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 3 Jun 2024, https://www.statista.com/statistics/1277896/polkadot-daily-market-cap/
CoinMarketCap & Statista, Market capitalization of Polkadot (DOT) from August 2020 to June 2, 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1277896/polkadot-daily-market-cap/ (last visited July 27, 2024)
Market capitalization of Polkadot (DOT) from August 2020 to June 2, 2024 (in billion U.S. dollars) [Graph], CoinMarketCap, & Statista, June 3, 2024. [Online]. Available: https://www.statista.com/statistics/1277896/polkadot-daily-market-cap/