- Polkadot making 30% gains
- Polkadota out performs Ethereum and Bitcoin
- Polkadot released road map and price begins to surge
Is Polkadot the Ethereum Killer?
I've been reading up alot on Polkadot and a common theme has emerged, many are stating that Polkadot has the potential to take Ethereums position. I agree that Polkadot is in a good position to capture some of the market but it is a long way away from being an "Ethereum Killer".
Infact Etereums BETH protocol will ensure Ethereum remains market dominate and may see prices continue to surge.
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Polkadot does have some celebrating to do as it's market cap recently over took XRP and is hot on the trails of Cardano. While Bitcoin saw a 4.37% price increase and Ethereum struggling at 0.5%. Polkadot enjoyed a 30% price increase with a market cap of about $US27 Billion.
What'sbehind the current price rally?
Polkadot recently announced it's road map which you can see Here Polkadot also claims to have the most secure and scalable network currently in the cryptoshphere.
As a project developed while BETH was being drawn up we do anticipate Polkadot to have some credibility. Polkadot is still undertaking tests and is moving through a range of stages and we do anticipate Polkadot to take a position within the marker.
At a time where most holdings are in the red Polkadot showcases strong Green with growth continued to be expected and possibly creating a new bottom for the project.