Polkadot Cryptocurrency Climbed to 6th Place on Coinmarketcap

The Polkadot digital asset (DOT) was in the spotlight in the cryptocurrency markets just after Bitcoin last week, almost doubling in value since December 25.

Polkadot was priced around $5 back on December 25, and soared to an all-time high of $10.51 (on Binance) by the New Year. The 100% increase in the value of Polkadot since Christmas has also resulted in DOT being ranked 6th in Coinmarketcap's rankings. With this move, Polkadot crowded out heavyweights such as Bitcoin Cash (BCH) and Cardano (ADA).

Additionally, Twitter has seen a significant increase in discussions around Polkadot. According to the researchers, the price of Polkadot and the number of tweets about cryptocurrency are highly correlated. At the time of writing, Polkadot is consolidating around the $9.3 price zone.

Image: Medium