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Polkadot Sets New Price Record

Anna Martynova

The Polkadot Protocol DOT token price has risen more than 32% in the last 24 hours, setting a new all-time high at $12. The previous all-time high for the DOT was $11.60. According to data from CoinMarketCap, the token's market cap has surpassed the $10 bln threshold for the first time.

Polkadot is currently the 5th largest cryptocurrency by market cap, ranking between $13.3 bln XRP and $9.6 bln Litecoin.

Since launching its mainnet, Polkadot has attracted developers from projects like Moonbeam and KILT. By August 2020, DOT entered the top 10 cryptocurrencies by market capitalization. A month later, its market capitalization exceeded $5 bln.

Image: Polkadot Network

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