Polakdot expects to rank third by total market cap and become the second largest cryptocurrency (only after Bitcoin) as it continues to surge in price. It’ll climb past Cardano and even Tether, which according to our research, will let them take their place as the second largest cryptocurrency behind Bitcoin.
It is commonly called the internet of Blockchain, because it provides a platform for parachains to connect blockchain projects to one another. However, network simplifies the problem by enabling blockchains to work together with interoperability. As most ERC20 based tokens have consistently lost investors due to scalability issues, Decentralized Finance (DeFi) and Decentralized Exchange (DEX) have significantly gained market volume in recent years.
Polkadot provides a platform that enables an integrated chain to have multiple options on which sidechain it wants to use. They’ve already had popular Polkadot projects like Kusama, Ocean Protocol, Energy Web Token, Akropolis and offer average 50x returns. These are all projects that can give the highest ROI in the future of the technology we use.
Watch these 5 Polkadot Projects
This is where IDO offerings are available through blockchain and POLS token, as well as IBO. SOL has been launched which is Sponsored Initial – DEX, has raised $1 million of market cap so far until now. This says more than it needs to.
2. Acala Network
The most anticipated and highly advanced project built on the Polkadot ecosystem. Acala has been in development for more than a year and is one of the most followed projects on various social media platforms.
It aims to create a decentralized financial network and stablecoin platform that will empower dApps and light-IOU lending liquidity providers. This project will introduce an alternative Ethereum-based stablecoin, called Polka, which offers cryptocurrency stability, low transaction fees, faster transactions, and enhanced security. Acala may become the biggest Polkadot-based project of all time.
Polkamarkets is a decentralized finance, non-fungible tokens and Polkadot-based gamified prediction platform. The project belongs to Anirudh Narayan, who claims to have created it because he believes the other prediction market projects are sluggish and have other problems, causing them to not have many users and low volume.
He also says there’s a lack of transparency and duplicate markets that are continuing to cause the downfall of these markets. But by utilizing this decentralized approach, the user can use POLK tokens for stakes and providing liquidity or paying fees on the platform like participating in prediction competitions.
Polkadex is a decentralized network that offers a power trading engine for Web3 or Decentralized Finance. TPolkadex aims to create an asset exchange network for the DeFi ecosystem, where all transactions are completed p2p on a substrate.
One of the key features offered by Polkadex is its fast execution engine, which also provides security from fillers and leveraging. If you’re interested in improving the trading experience on a decentralized network and taking back control, contact Polkadex today.
5. Energy Web
EW uses blockchain technology to eliminate carbon emission by adopting an electricity-based economy in a fully customer-oriented way. The project will allow energy asset holders to enter into energy-based markets; that is, EWT-DOS (Energy Web Decentralized Operating System) based in the Energy Web Chain which has over 100+ utility providers.
This chain will use EWT tokens of EWT Utility Token that will enable customers to make transactions on the platform and be able to launch their own applications too while fostering communities where they can deploy their own chain. As the project progresses even further, the token use of EWT will continue to surge and increase in price pumps.
Polkadot has been making waves in the crypto community lately. This is because 10x more of the currency has circulated in just 3 months, as analysts predict that it will soon be worth over $100. Plus, the project expects to see increased volume and attention from investors in the weeks and months ahead.
In light of this, there are a number of promising projects that are being built on Polkadot’s platform or have close relationships with them. All of these could have huge potential for your business. However, do your own research (or DYOR) and make sure you don’t get tricked by scam websites with fake social media followers.