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Market Cap: $ 3 663 340 658 986 / 24h Vol: $ 222 537 540 211 / BTC Dominance: 58.861607907734%

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Why ‘this’ Polkadot king status is no debate; but for DOT…

Polkadot [DOT], like many other cryptocurrencies, had a torrid 2022 in terms of its value and market capitalization. However, there was one aspect where the troubled protocol excelled, and managed to sustain its momentum.

DOT’s ecosystem insights provider, Polkadot Insider, tweeted that the network was still atop the Nakamoto Coefficient hierarchy. At the time of writing, Polkadot was far above Avalanche [AVAX], Solana [SOL], and Cosmos [ATOM].

Polkadot Nakamoto coefficient

Source: Polkadot Insider

Are your DOT holdings flashing green? Check the Profit Calculator

Contextually, a high Nakamoto Coefficient provides security for crypto networks against manipulation. With the coefficient at 62, it meant Polkadot validators were actively ensuring full blockchain functionally while obstructing network compromise.

Polkadot was also on top of the ranking on 18 September but at that point, the Nakamoto Coefficient was a whopping 82. This implied that it was one of the few projects with an aim towards complete decentralization.

Polkadot has been notorious for providing infrastructure for other chains via its multi-chain network, Kusama. In 2022, it has been no different. There were integrations with node services, NFTs, and dAPP staking mechanisms. These led the development activity to hit high points in November.

However, data from Santiment, showed that DOT’s more recent development activity was in an up and down mode. At the time of writing, the on-chain analytics platform showed that development activity was down to 69.76.

This meant that the Polkadot’s commitment to upgrades was deflated although not as low as it was on 20 December.

A 58.07x hike on the cards IF DOT hit Bitcoin’s market cap?

Concerning its foray into NFTs, DOT’s performance was nowhere close to its apex. According to Santiment, the NFT trades volume was $85,000 at press time. Consequently, it indicated reduced interest in scooping assets linked to the Polkadot ecosystem.

Polkadot development activity and NFT volume

Source: Santiment

For the time being, the lack of NFT accumulation could not halt a spike in fees used in DOT transactions. According to Polkadot Insider, daily fees recorded on the Kusama network in November were highly bewildering.

Hence, DOT transactions, coupled with other networks it hosted on its parachain, were incredibly active.

👀 Let's see the daily fees used on @kusamanetwork in the last month

👉 Fees are forming an ascending chart and breaking out strongly in the last days of the month#Kusama #KSM #Fees pic.twitter.com/XXtInarcnK

— Polkadot Insider (@PolkadotInsider) December 27, 2022

DOT, 91.69% down from its all-time high traded at $4.57, according to CoinMarketCap. The price tracking platform disclosed that the price was a 1.84% increase in the last 24 hours. However, against Bitcoin [BTC], DOT traded at 0.00027, even though it gained a similar percentage against the king coin within the same period.

As for its price volatility, DOT exhibited a low tendency to cause price inconsistency. At 0.00385, it implied that the market was still accompanied with fear. Hence, investors might forgo amassing DOT in the short term.

Polkadot price volatility and price against Bitcoin

Source: Santiment

Source

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  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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