DOT: An Analysis and my quick takeaway :)

The cryptocurrency in this report discussed is Polkadot

Introduction to DOT:

• PolkaDot was created with the vision in mind of “ a decentralized web according to the website; “Polkadot facilitates an internet where independent blockchains can exchange information and transactions in a trustless way via the Polkadot relay chain.
• Polkadot makes it easier than ever to create and connect decentralized applications, services, and institutions.”

Each chain on Polkadot is called a “parachain.” Developers can create their own parachain with Substrate, a framework for building blockchains.

It is also possible to run blockchains developed with Substrate without being part of the Polkadot network; Polkadot merely provides interoperability, consensus, security, and other services for Substrate-based chains.

PolkaDot is in its early stages compared to its competitors; its performance compared to other public chains is slightly mediocre as shown in the chart below:

Institutional Holdings:

According to data from Messari, DOT has been held by 14 institutions out

of 35 venture capital and hedge funds include:

Multicoin Capital

Pantera Capital

ParadigmCapital

PlaceHolder VC.

Among the 35, 10 hold KEEP and UNI, 9 hold COMP, FIL, MKR and CKB, 8 hold AAVE, STX,LUNA, GRT and ZEC, 7 hold ZRX, DODO, NEAR, NMR, OXT and YFI, 6 hold1INCH, HXRO, SOL, SNX And XRP, and 5 hold AR, BAL, CELO, ATOM, FLOW, HNS, RLY, SRM and SUSHI.

The preference for holding assets of large investment funds can roughly reflect some of the investment trends. From the data, it can be derived that DOT is gradually being favored by institutional investors.

According to data from Coinmarketcap, Polkadot has a market capitalization of $41,109,489,338.

Price Forecasts:

• According to GOV capital; PolkaDot is expected to reach a price of $105.
• According to Digital Coin Price; DOT price might grow massively in six years, say by 2026, it should have a clear rally around $140 to $150.
• According to Wallet Investor Polkadot price prediction, a long-term increase is expected, the price prognosis for 2026 is $400.232. With a 5-year investment, the revenue is expected to be around +865.86%.