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Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Your capital is at risk.

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Polkadot live price

The most popular and up-and-rising cryptocurrencies.

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About

History

Differences between Investing vs Trading

About

History

Differences between Investing vs Trading

Polkadot was launched in May 2020 as an overarching blockchain protocol that seeks to improve interoperability between separate blockchains and provide shared security between all of those disparate chains. In simple terms, Polkadot aims to become the blockchain of all blockchains.

Through its innovative technology, the Polkadot network can potentially complete more than 1 million transactions per second. DOT is the token that is distributed as a reward to validators on this network and is the sole cryptocurrency of the Polkadot network.

Despite being a relative latecomer to the scene, Polkadot has attracted some serious attention from investors and is now one of the most popular coins in the world, with a top-10 global market cap to boot.

Polkadot is the brainchild of Dr Gavin Wood, one of the original founders of Ethereum. It shares a lot of similarities with Ethereum and its price history has generally mirrored that of Ethereum quite strongly, albeit from a lower base level. DOT has a fairly large supply of just over 1 billion coins, nearly all of which are in circulation.

It is also one of the few cryptocurrencies that has consistently had a market cap of over $1 billion throughout pretty much the entirety of its history, perhaps owing to its very real potential as a business application. Dot hit its first major high in April 2021, where the price briefly surged past $37 per coin, before falling back to just $16 a couple of months later.

Its all-time high came in October 2021, when the price broke past $42. Since then, the Dot price has languished below $20 throughout most of 2022, in keeping with the global crypto slump that characterised the first quarter of the year.

Many Polkadot fans believe that the network's ability to securely connect all blockchains together to perform ultra-fast transactions could prove incredibly useful, especially when Web 3.0 really takes off.

As a result, there is no shortage of long-term investors who are holding onto their Dot in the hopes of longer-term price appreciation. Of course, this is not guaranteed. Although less volatile than memecoins, Polkadot is still subject to whiplash-inducing ups and downs. Its price has frequently risen and fallen more than 50% in a single week.

However, it's worth noting here that its general day-to-day volatility is considerably lower than some rival coins. For this reason, as well as its ultra-fast and cheap transaction times, some users might prefer to buy Polkadot rather than trade it in the short term.

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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

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Trade [[data.name]] with Skilling

The most popular and trending cryptocurrencies, all in one place at the right time.

  • Trade 24/7
  • Minimum margin requirement below ~3$
  • Spreads of just $0.50 on BTC - lower on other crypto! Plus a super low trading fee of 0.1%/side
  • No withdrawal fees
  • Diversify! 900+ instruments to choose from
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FAQs

How to trade Polkadot?

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First, check the polkadot price and choose a direction - will it go up or down? You can then open a trade and set your leverage. For instance, if you think the polkadot price will go up, you can buy (go long). If you think it will go down, you can sell (go short). Next, set your take profit and stop loss levels.

Take profit is the level at which you want to close your trade and bank your profit, while stop loss is the level at which you want to close your trade to minimise your losses. Then, monitor your trade until it reaches either your take profit or stop loss levels. When your trade reaches either level, it will be automatically closed.

When was Polkadot released?

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Polkadot was launched on August 21, 2020 by Dr. Gavin Wood, co-founder of Ethereum, although the project dates back to 2016. The polkadot price has been volatile since it was first released, but has slowly risen over time. Despite its early difficulties, polkadot has remained one of the most popular cryptocurrency projects, and its release date continues to be a highly anticipated event in the crypto world.

What is the future of Polkadot?

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Polkadot (DOT) was created with the vision of a truly interconnected world. Since launch, polkadot has seen tremendous growth. The polkadot price skyrocketed, and the network now boasts over 100 validators. Looking to the future, there are big plans for polkadot. The team is working on a number of upgrades, including parachains, which will enable scalability and privacy.

In addition, polkadot is targeting a number of industries, including finance, gaming, and IoT. With its strong foundation and ambitious roadmap, polkadot is well-positioned for continued growth in the years to come. This being said, the future of crypto is shrouded in potential and possibility, but also fraught with risks and uncertainty, and therefore Polkadot’s price will rely on the direction of cryptocurrencies as a whole.

Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying crypto asset.

Crypto CFD
Physical Crypto
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Capitalise on rising stock prices (go long)

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Capitalise on falling crypto prices (go short)

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Trade with leverage
Hold larger positions than the cash you have at your disposal

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Trade on volatility
No need to own the asset or have an exchange account

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No exchange fees or complex storage costs
Just lower commissions in the form of spreads and a small taker-fee

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Manage risk with in-platform tools
Ability to set take profit and stop loss levels

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