Crypto Currency News
Ethereum Classic

Polkadot (DOT) is one of the best Layer 1 protocols out there – white

In the letter:

  • Weiss Ratings sees Polkadot as one of the best Layer 1 protocols in the crypto-verse
  • Polkadot also ranks 6th in terms of market cap with a DOT value of currently $ 31.50
  • The Weiss team, however, would like more DApps on Polkadot. see

The Weiss Ratings team has named Polkadot “one of the best Layer 1 protocols” in the crypto space. The team highlighted Polkadot’s meteoric rise to the top ten by market capitalization. However, Weiss was hoping to see more working DApps on Polkadot that could compete with or outperform Ethereum’s. The Weiss team shared their findings on Polkadot with the following statement.

the #Speckle is one of the best Layer 1 protocols on the market. It’s also one of the top 10 by market cap. However, in 2021 the bar was raised – we’ll have to see how it works #dapps who do as well or even better than them #Ether Counterpart to be impressed and fascinated.

And that goes for the rest of the Layer 1 protocols that compete with #ETH. Pure tech potential is no longer enough.

Polkadot sets new all-time high of $ 32.70

In terms of price action, Polkadot is currently trading at $ 31.50 after hitting a new all-time high of $ 32.70 – Binance Rate – today. Polkadot’s impressive market performance has allowed DOT to hold sixth place on Coinmarketcap after ousting XRP and Litecoin. Below is a screenshot of the top 10 digital assets on Coinmarketcap.


Polkadot Decoded Conference: May 20, 2021

It should also be noted that the Polkadot Community will host a conference on May 20th entitled “Polkadot Decoded”. The virtual conference is the second in the history of Polkadot and is open to all developers and community members who would like to present their ideas to a wider crypto audience. Registration is currently ongoing, with community members being encouraged to submit proposals to present both technical and non-technical topics on each polkadot.

Comments are closed.