Polkadot (DOT) Price

Polkadot (DOT) Price History

Just like Ether (ETH) on the Ethereum Network and BTC on Bitcoin, DOT is the native token of the Polkadot Network. Following the 2016 white paper release, Polkadot released 10M dot tokens via an initial coin offering (ICO). On the network, DOT serves the following major purposes:

• To be bonded to connect a chain to the protocol as a parachain
• To be used for governance within the network
• To be staked for the network’s security and smooth operation.

Currently, as of the writing of this report, DOT is the 11th-largest crypto in the world, with a market capitalization of $ 7.1 billion and a 24-hour trading volume of $473.5 million, according to CoinMarketCap.

Every coin and token in the cryptospace experiences volatility and Polkadot’s DOT token is no exception. In October 2017, Polkadot held its first initial coin offering (ICO), offering 2.24 million tokens at a price of $0.29 each. In the second ICO, which took place in July 2020, 342,080 DOT tokens were sold at a price of $1.25.

2020

Late August saw the token at $2.875 but took an unexpected spike and ended the month at $6.3.

Starting in September at a value of $6.28, after a little turbulence, the value fell to $4.35. The next month, starting at $4.34, the last day of October saw DOT’s price at $4.18. By the end of November, the token’s price was $5.37.

DOT started December in the $5.09 price region, then it unexpectedly rose through the days, ending at $9.29 on the last day of the year 2020.

2021

January started at a price of $8.3 for DOT. However, by the end of the month, the price was over double this value, at $16.12. By the end of February, DOT was valued at $33.61. Not much changed through March, but April and May saw the value rise to $44.65 and $47.95, respectively, only to see a crash in price by the end of May to $23.43.

After a failed attempt to climb to the previously elevated height, the price fell lower to $11.43 in July of that year. This fall served as a springboard, and the price took a steady rise to $28.15 in August. In Q3 of 2021, the highest price of the token was $37.38, and this was hit in September.

After an erratic up and down movement through the month of October, the all-time high (ATH) of the token’s price was hit on November 4, 2021, at $53.88. This high was, however, short-lived as the value rode down to $37.96 by the month’s end.

By December 20, the price fell deeper to $24.05 but rose to end the year at $26.72.

2022

For the year 2022, DOT started at a value of $28.58, but got to a deep dip of $18.35 on January 25, and ended at $19.42.

In February, the value started at $19.61 but fell to $18.84 by the end of the month. After the starting price for the year, the highest value of the coin for this year was in March at $22.49 and April at $23.21.

Since April, there has been a mostly sustained freefall, hitting $8.74 in May.

June has seen major fluctuations in the price of the Polkadot (DOT) token, ranging between $9 and $6. On July 7, the token had the highest price of $7.30 and the lowest at $6.85.