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 September 24, 2024
(in billion U.S. dollars)
Characteristic
Polkadot (DOT) market cap (in billion U.S. dollars)
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CoinMarketCap, & Statista. (September 25, 2024). Market capitalization of Polkadot (DOT) from August 2020 to September 24, 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1277896/polkadot-daily-market-cap/
CoinMarketCap, und Statista. "Market capitalization of Polkadot (DOT) from August 2020 to September 24, 2024 (in billion U.S. dollars)." Chart. September 25, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1277896/polkadot-daily-market-cap/
CoinMarketCap, Statista. (2024). Market capitalization of Polkadot (DOT) from August 2020 to September 24, 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1277896/polkadot-daily-market-cap/
CoinMarketCap, and Statista. "Market Capitalization of Polkadot (Dot) from August 2020 to September 24, 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 25 Sep 2024, https://www.statista.com/statistics/1277896/polkadot-daily-market-cap/
CoinMarketCap & Statista, Market capitalization of Polkadot (DOT) from August 2020 to September 24, 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1277896/polkadot-daily-market-cap/ (last visited November 22, 2024)
Market capitalization of Polkadot (DOT) from August 2020 to September 24, 2024 (in billion U.S. dollars) [Graph], CoinMarketCap, & Statista, September 25, 2024. [Online]. Available: https://www.statista.com/statistics/1277896/polkadot-daily-market-cap/
