Polkadot Historical Price Charts – DOT Price History - FX LeadersFX Leaders

Polkadot Historical Price Charts – DOT Price History

Posted Wednesday, January 20, 2021 by
Arslan Butt • 2 min read

The Polkadot project is gaining more attention day by day. The reason could be associated with the multiple delays in the release date. Polkadot is a multi-chain blockchain-based ecosystem that allows cross-chain operations and high-level interoperability. The Polkadot network allows moving tokens across the blockchain, while also enabling communication between different blockchain environments.

Polkadot represents a 3rd-generation cryptocurrency, as it solves the problem with scalability by using multiple parallel blockchains for transactions across multiple chains. Polkadot also hosts a Substrate network, which allows users and network participants to create unique blockchain environments.

From a historical point of view, the Polkadot was established by Parity Technologies, which is currently controlled by Gavin Wood and Jutta Steiner, two former Ethereum executives. The Polkadot is also supported by the Web3 Foundation, a closely related organization that provides the project with funding, advocacy, research and collaborations.

Parity Technologies was established in 2015. In the beginning, it began by working on node software for Ethereum, which was called the Parity Ethereum client. However, they began in November 2017, when developers published the first code on Github. 

Afterward, the company launched two proofs-of-concept in mid-2018 and deployed Polkadot’s first para chain in July 2018. As a result, Polkadot launched in an “initial” state in May 2020, and token transfers were enabled in August 2020.

 

Advantages of Polkadot:

Polkadot’s design is meant to support various chains. It is not only a single blockchain that exists in isolation. There are several advantages to its approach:

  • Scalability: Polkadot supports various blockchains through a mechanism called “sharding” or parachains, which allows transactions to be processed efficiently and in parallel.
  • Interoperability: Several Polkadot parachains and applications can share information and functionality, thanks to the project’s interoperable design and compatibility between chains.
  • Specialization: Each Polkadot parachain can be tailored to a specific use case or application.
  • Forkless upgrades: Polkadot can be upgraded without time-consuming and divisive hard forks; new features can be added without overhauling the network entirely.
  • Upgradeability: Polkadot can support upgrades, without having to resort to drastic hard forks to implement change.
  • Pooled Security: The blockchains connecting with Polkadot can be secured by a unifying security umbrella. This can help protect small chains that don’t have effective security bootstrapping.

Historical Data Table:

Polkadot (DOT) Historical Price Data

 

Jan 06, 20219.620009.749509.749509.62000389.41K
Jan 05, 20219.749509.517309.936409.219901.70M
Jan 04, 20219.5172010.1587010.158709.517202.55M
Jan 03, 202110.158709.2198010.158708.999702.86M
Jan 02, 20219.219808.300009.673408.300003.19M
Jan 01, 20218.300709.272709.272708.246902.06M
Dec 31, 20209.264907.232009.264907.232003.18M
Dec 30, 20207.232007.549407.549407.150801.62M
Dec 29, 20207.518806.580807.518806.335802.41M
Dec 28, 20206.580805.143506.580805.143502.23M
Dec 27, 20205.143505.187905.324105.110501.07M
Dec 26, 20205.187905.216505.216505.15840335.63K
Dec 25, 20205.216505.111105.216505.10060516.56K
Dec 24, 20205.134604.723305.136104.72330473.90K
Dec 23, 20204.723305.159905.159904.72330391.90K
Dec 22, 20205.159904.875105.159904.86860491.07K
Dec 21, 20204.875105.194305.194304.87510780.32K
Dec 20, 20205.194305.345905.390005.11990308.12K
Dec 19, 20205.345905.364105.482505.34590309.02K
Dec 18, 20205.364105.347005.364105.26130607.18K
Dec 17, 20205.347005.373105.560605.347001.09M
Dec 16, 20205.373105.249505.373105.13770403.99K
Dec 15, 20205.249504.896305.249504.89630370.80K
Dec 14, 20204.896304.883604.899404.85000253.11K
Dec 13, 20204.883604.734204.951204.73420462.57K
Dec 12, 20204.734204.619004.784104.61900170.60K
Dec 11, 20204.619004.801704.801704.61900203.01K
Dec 10, 20204.801704.876804.876804.77840279.00K
Dec 09, 20204.876804.732904.876804.72450474.83K
Dec 08, 20204.732905.057805.057804.73290538.48K
Dec 07, 20205.057805.132505.132505.0578073.63K

 

Monthly Change

DatePriceOpenHighLowChange %
Jan 219.570009.2727010.100008.2469012.50M
Dec 209.264905.377809.264904.6500018.04M
Nov 205.377804.183405.886303.9477016.32M
Oct 204.183404.347504.841403.6843012.82M
Sep 204.347506.289906.627103.9583024.42M

 

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.