![\"Miners](\"\/\/image.coinpedia.org\/wp-content\/uploads\/2021\/01\/06190715\/728x90-1.gif\"\/)
\n
![\"Miners](\"\/\/image.coinpedia.org\/wp-content\/uploads\/2021\/01\/06190715\/728x90-1.gif\")
<\/p>\nThe polkadot price has recorded an increase in price by 38% in the last 24 hours, pushing the market cap to $11.36. It was an All-Time-high with $11.60 in earlier trading. The market cap of the token has passed the $11 billion threshold for the first time.\u00a0<\/p>\n
\n<\/p>\n
According to Coin Market Cap, PolkaDot is now the fifth-largest cryptocurrency, snuggled between XRP and Litecoin. Polkadot is one of the prominent projects that provide extraordinary economic extensibility by enabling a common set of validators to secure multiple blockchains.<\/p>\n
![\"DOT](\"\/\/image.coinpedia.org\/wp-content\/uploads\/2021\/01\/14151531\/DOT-price.png\")
\n<\/p>\n
Among the Blockchain Networks, Polkadot is relatively a newcomer built under the leadership of Gavin Wood and Jutta Steiner of Parity Technologies. <\/p>\n
Polkadot is a flagship project by Web3 Foundation, a Swiss foundation to facilitate a fully functional and user-friendly decentralized web. According to Polkadot\u2019s product positioning, the protocol doesn\u2019t seem like a competitor to Ethereum. It is a next-generation Blockchain protocol connecting an entire system of blockchain built networks. <\/p>\n
Polkadot is also moving quickly, making its position in the top crypto-space. In August 2020 it ranked in the top 10 of all crypto, and a month later assembled a market capitalization of over $5 Billion.<\/p>\n
Analyzing the market predictions of the Polkadot currency and based on research conducted by our team, we also speculate a good DOT momentum within the crypto space. We also believe DOT price might plunge recording decent gains till the end of 2021, which could continue in the coming years.<\/p>\n
The DOT price as per our analysis may also touch $13 to $15 by 2022 which might touch $20 in the next couple of years<\/p>\n