These are the top ten Polkadot-based cryptocurrencies

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As the Ethereum ecosystem becomes more crowded and expensive, the developers continue their search for an alternative ecosystem. One such ecosystem that has been gaining popularity recently is Polkadot, a decentralized ecosystem that connects the entire network of different blockchains. It’s basically an open source sharding multichain protocol that supports the cross-chain transfer of assets. Such a function of Polkadot makes different blockchains interoperable with one another. Let’s take a look at the top ten Polkadot-based cryptocurrencies.

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Ten top polkadot-based cryptocurrencies

We used coinmarketcap.com’s market capitalization (as of September 16) to determine the top ten polkadot-based cryptocurrencies. Below are the top ten Polkadot-based cryptocurrencies:

  1. Ocean Protocol (OCEAN; $ 485 million)

It was founded in 2017 and enables users to see the value of their data and monetize it through the use of ERC-20 based data tokens. Its native token OCEAN is helpful in community governance as well as staking out data. OCEAN is up more than 5% in the past seven days and is currently trading at $ 0.7909. It has an all-time high of $ 1.94 (April 2021) and an all-time low of $ 0.01365 (August 2019).

  1. Celer Network (CELR; $ 656 million)

Established in 2018, it is a Layer 2 scaling solution that enables off-chain transaction processing. CELR holders give tokens for liquidity and receive rewards for doing so. CELR is up more than 80% in the past seven days and is currently trading at $ 0.1114. It has an all-time high of $ 0.123 (September 2021) and an all-time low of $ 0.001014 (March 2020).

  1. renBTC (RENBTC; $ 727 million)

It is an ERC-20 token, the value of which is pegged to Bitcoin. renBTC is not a synthetic token and does not rely on liquidation mechanisms to ensure that its value remains pegged to Bitcoin value. RENBTC is up more than 3% in the past seven days and is currently trading at $ 47,453.45. It has an all-time high of $ 64,734.04 (April 2021) and an all-time low of $ 9,011.76 (July 2020).

  1. Ankr (ANKR; $ 732 million)

Ankr was founded in 2017 and uses shared resources to offer simple and affordable blockchain node hosting solutions. Basically, it uses unused computing power from devices and data centers to offer a new blockchain solution. ANKR has lost more than 4% in the past seven days and is currently trading at $ 0.09566. It has an all-time high of $ 0.2252 (March 2021) and an all-time low of $ 0.0007108 (March 2020).

  1. Ontology (ONT; $ 863 million)

Launched in 2018, it is an open source blockchain that specializes in digital identity and data. ONT started as a NEP-5 token on the NEO blockchain. ONT has lost nearly 1% in the past seven days and is currently trading at $ 0.9782. It has an all-time high of $ 10.00 (May 2018) and an all-time low of $ 0.225 (March 2020).

  1. 0x (ZRX; $ 912 million)

Established in 2016, it is an infrastructure protocol that enables users to trade ERC20 tokens and other assets. The platform is powered by an ERC20 utility token called ZRX. ZRX is up more than 3% in the past seven days and is currently trading at $ 1.08. It has an all-time high of $ 2.53 (Jan 2018) and an all-time low of $ 0.104 (August 2017).

  1. Ren (REN; $ 987 million)

This open protocol was founded in 2017 and offers interoperability and liquidity between different blockchain platforms. Its native token REN serves as a binding for the running nodes that power RenVM. REN is up more than 18% in the past seven days and is currently trading at $ 0.9629. It has an all-time high of $ 1.83 (February 2021) and an all-time low of $ 0.01539 (November 2018).

  1. Kusama (KSM; $ 3,361 million)

Kusama describes himself as “Polkadot’s wild cousin”. It is an experimental blockchain platform that provides an interoperable and scalable framework for developers. Kusama was developed by the same team that developed Polkadot. KSM has lost more than 2% in the past seven days, and is currently trading at $ 392.14, and has an all-time high of $ 623.75 (May 2021) and an all-time low of $ 0.9143 ( Jan 2020).

  1. Chain Link (LINK; $ 13,294 million)

It was founded in 2017 and enables blockchains to securely interact with external data feeds. Chainlink was one of the first networks to enable off-chain data to be integrated into smart contracts. LINK has gained more than 1% in the past seven days and is currently trading at $ 28.40. It has an all-time high of $ 52.88 (May 2021) and an all-time low of $ 0.1263 (September 2017).

  1. Polkadot (DOT; $ 34,631 million)

This protocol connects public and private chains, permissionless networks, as well as oracles and future technologies. Its native token, DOT, provides network governance and operations and creates parachains. DOT is up more than 8% in the past seven days and is currently trading at $ 34.39. It has an all-time high of $ 49.69 (May 2021) and an all-time low of $ 2.69 (August 2020).


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