+

Total Market Cap: $2.370T

24h Volume: $33.000B

BTC Dominance: 67.72%

Global Market Sentiment: 29

Average Market Correlation: 0.30

The Average Correlation of all crypto pairs. An Average Market Correlation close to 1 indicates that all crypto pairs are moving in the same direction. Such a situation can be observed during a significant market crash.
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Beta

Polkadot

DOT
Rank #22
$3.602

-2.50%

Low:
$3.403
High:
$3.608
(24h)
Volume 24h
$138,486,307
-23.93%
Circulating Supply
1,522,267,060 DOT
Total Supply
ISSUE TO SOLVE
Max Supply
N.A
Market Cap
$5,320,697,672
Fully Diluted Market Cap
N.A
Indicators
Volatility
Annualized Volatility of the Daily Returns, over the last month.
54.85%
Market Correlation
Correlation Coefficient between crypto Daily Returns and the Total Crypto Markets Daily returns, over the last month.
0.50
Beta
The Beta coefficient is a measure of a crypto volatility and direction in comparison to the volatility and direction of the overall market. A positive Beta greater than 1 indicates that the crypto is more volatile than the market, while a beta less than 1 means it is less volatile.
0.453
Market Dominance
0.22%
ATL/ATH
$3.67/$306.15
Relative Strength Index
The Relative Strength Index (RSI) is an indicator that measures the rate of price changes by comparing the extent of recent gains to recent losses. It scales from 0 to 100 and is used to determine potential turning points in price behavior. A reading above 70 indicates that an asset may be due for a decrease in price, while a reading below 30 suggests a potential increase in price. The RSI calculated here is based on Daily returns over the last month.
27
Information for Polkadot
Last News related to Polkadot
What is Polkadot ?

Overview

Chainlink (LINK) is a decentralized oracle network that enables smart contracts on various blockchains to securely connect to external data sources, APIs, and payment systems. Launched in 2017, Chainlink aims to solve the problem of blockchain's inability to interact with real-world data, providing a reliable and secure way for smart contracts to access off-chain information. Chainlink's network of decentralized oracles ensures the accuracy and reliability of data feeds, making it a crucial component in the development of complex smart contracts and DeFi applications.

Utility

The native token, LINK, is used to pay node operators for providing data and computational services to smart contracts. It also acts as an incentive for node operators to maintain high-quality and reliable data feeds. LINK tokens are integral to the Chainlink ecosystem, facilitating transactions and ensuring the network's security and reliability.

Security

Chainlink's security is based on a decentralized network of oracles that provide accurate and reliable data to smart contracts. The network uses reputation and staking mechanisms to ensure the trustworthiness of data providers. Node operators must stake LINK tokens as collateral, incentivizing them to provide high-quality data and services. This decentralized approach mitigates the risk of data manipulation and ensures the integrity of the information provided to smart contracts.

Supply data provided by CoinGecko API
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