The ten best polkadot-based cryptocurrencies


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As the Ethereum ecosystem becomes increasingly crowded and expensive, developers continue to search for an alternative ecosystem. One of these ecosystems that has gained popularity in recent times is Polkadot, which is a decentralized ecosystem connecting the entire network of different blockchains. It is essentially an open source multi-chain partitioning protocol that supports the transfer of assets between chains. Such a feature of Polkadot makes different blockchains interoperable with each other. Let’s take a look at the top ten cryptocurrencies based on Polkadot.

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Ten best cryptocurrencies based on Polkadot

We used the market capitalization of coinmarketcap.com (as of September 16) to offer the ten best cryptocurrencies based on Polkadot. Here are the top ten cryptocurrencies based on Polkadot:

  1. Ocean Protocol (OCEAN; $ 485 million)

Founded in 2017, it enables users to realize the value of their data, as well as monetize it through the use of ERC-20-based data tokens. Its native token OCEAN is useful in community governance, as well as in data staking. OCEAN has gained over 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)

Founded in 2018, it is a Layer 2 scaling solution that offers off-chain transaction management. CELR holders give tokens for liquidity and get rewards for doing so. CELR has gained over 80% over 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 whose value is indexed to Bitcoin. renBTC is not a synthetic token and does not rely on liquidation mechanisms to ensure that its value remains tied to the Bitcoin value. The RENBTC has gained over 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)

Founded in 2017, Ankr uses shared resources to offer simple and affordable blockchain node hosting solutions. Basically, it uses the idle computing power of devices and data centers to deliver a new blockchain solution. ANKR has lost over 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 specializing in identity and digital data. HAVE 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)

Founded in 2016, it is an infrastructure protocol that allows users to exchange ERC20 tokens and other assets. The platform is powered by an ERC20 utility token, called ZRX. ZRX has gained over 3% over the past seven days and is currently trading at $ 1.08. It has an all-time high of $ 2.53 (January 2018) and an all-time low of $ 0.104 (August 2017).

  1. Ren (REN; $ 987 million)

Founded in 2017, this open protocol offers interoperability and liquidity between different blockchain platforms. Its native token REN works as a link for the running nodes that feed RenVM. REN has gained over 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 introduces himself as “Polkadot’s wild cousin”. and is currently trading at $ 392.14, with an all-time high of $ 623.75 (May 2021) and an all-time low of $ 0.9143 (January 2020).

  1. Chainlink (LINK; $ 13,294 million)

Founded in 2017, it allows blockchains to securely interact with external data flows. Chain link was one of the first networks to enable the integration of off-chain data into smart contracts. LINK has gained over 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 channels, permissionless networks, as well as oracles and future technologies. Its native token POINT provides governance and network operations, as well as creates parachains. DOT has gained over 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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