If you are interested in investment or asset management, you might want to know about Polkadot coin, which is one of the rising stocks.
I will talk about the current price trends of this cryptocurrency and predictions for the future.
In March, the Bitcoin price reached its peak at $73,000, but it adjusted due to various factors afterward.
With President Trump, who is positive about cryptocurrencies, successfully re-elected in the U.S. presidential election, there was a period of rapid price increases.
Along with this phenomenon, the prices of other cryptocurrencies have also continued to rise.
However, at the end of January, due to the selling pressure of Grayscale’s GBTC ETF, it unfortunately fell again.
At that time, due to rapid corrections, the prices of most cryptocurrencies, including Polkadot coin, fell.
At the beginning of February, demand for GBTC purchases increased again, leading to a sustained upward trend.
But now it has fallen again to 7,339 won.
Now, let's take a look at what the Polkadot coin is.
As of February 17, 2025, the market capitalization is 10 trillion 868 billion, the trading volume is 205,160.222, and the trading amount is 1.5 billion won.
The total issuance of this cryptocurrency is 1,549,462,887 DOT, and the circulating supply is the same.
Polkadot coin was developed by Gavin Wood, co-founder of Ethereum, and the WEB3 Foundation, focusing on enhancing data transmission and interoperability between various blockchain platforms.
Protocols based on open source within the blockchain industry offer excellent interoperability solutions.
Ultimately, this protocol was developed with the goal of creating a decentralized internet where users can manage their own data and identities.
This cryptocurrency is used as a token in various ways within its ecosystem, including deposits, node rewards for decision-making participation, inflation control, sanctions, and more.
WEB3 projects support interoperability, and active communication is taking place among the existing chains.
In this environment, it is expected to continue to cause high upward effects, and the future can be seen as positive.
This cryptocurrency is being invested in based on Binance, where trading is possible all day long.
In addition, it is listed on several overseas exchanges and is characterized by the fact that spot trading is also possible on domestic exchanges.
In derivatives trading, you can choose to participate in either spot or futures.
As the economic situation worsens, many are turning their attention to futures investments as it becomes difficult to gain profits from spot investments.
Perhaps the futures trading method allows for profit expectations in both short-term and long-term investments, so if the predictions are accurate, it is always advantageous.
Additionally, using leverage allows for investment with a smaller amount, so many people with limited funds are participating recently.
Leverage, also known as the principle of leverage, allows one to obtain more funds from banks for investment.
Thanks to that, I was able to invest a larger amount than I had.
If the prediction is successful, one could earn a lot of money, but if wrong, the loss rate can increase, so caution is needed.
For this reason, beginner investors tend to invest about 20 times the amount, which can relieve their minds.
The total issuance of this cryptocurrency is 1.5 billion, and it has already been fully issued and is actively traded.
You may have received various news through official X, but this time it was also announced that a FIFA online game will be launched based on blockchain.
President Trump’s announcement to create a position overseeing cryptocurrency policies in the White House is expected to positively impact the market, allowing for bright prospects.
The current price drop can be seen as a short-term fluctuation.
The Polkadot coin is expected to increase in value due to regulatory easing by the SEC and the possibility of launching ETFs.
Therefore, investing in this field when prices are relatively low is one of the good methods.
However, as there are still no significant trends, many are just observing the situation.
If the ETF approval actually happens in the future, more investors believe there is a high possibility of a sudden increase like before.
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