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Top 3 Polkadot Ecosystem Tokens by Market Capitalization

Carolyna Mavis by Carolyna Mavis
August 11, 2021
in Altcoins News
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Top 3 Polkadot Ecosystem Tokens by Market Capitalization

Top 3 Polkadot Ecosystem Tokens by Market Capitalization

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  • The crypto market starts to recover from its bearish price dump. 
  • DOT, LINK, and KSM are few of the top performing Meme tokens.

The crypto market began to recover from its bearish price dump. Notably, few of the crypto tokens in the Polkadot ecosystem are trending in the crypto space. Moreover, DOT, LINK, and KSM are a few of the top-performing tokens in the Polkadot ecosystem. 

Top 3 Polkadot Ecosystem Tokens by Market Cap (Source: CoinMarketCap)

Many crypto traders are showing interest and exiting their positions in crypto assets. Now let’s explain in-depth about these tokens.

  1. Polkadot (DOT)

Polkadot is a crypto asset that is an open-source sharding multichain protocol that facilitates the cross-chain sending of any data or asset types, not just tokens. However, making a huge range of blockchains interoperable with one another

As per data on CoinMarketCap, the DOT price is trading at $21.71 with a 24-hour trading volume of $1,692,868,424, at the time of writing.

  1. Chainlink (LINK) 

Chainlink is a blockchain abstraction layer that enhances universally joined smart contracts. Moreover, through a decentralized oracle network, Chainlink enables blockchains to securely communicate with the external data feeds. Also events, and payment methods, offering the critical off-chain data required by complex smart contracts in order to be the dominant form of digital agreement. 

Furthermore, according to CoinMarketCap, the LINK price trades at $26.12 with a 24-hour trading volume of $1,427,813,075, at the time of writing. 

  1. Kusama (KSM)

Kusama explains itself as ‘Polkadot’s wild cousin’ which is an experimental blockchain platform that is developed to offer a massively scalable and interoperable framework for developers. 

As per CoinMarketCap data, the Kusama (KSM) price is trading at $274. With a 24-hour trading volume of $366,356,404, at the press time. 

Disclaimer: The opinion expressed in this article solely author’s. It is not interpreted as investment advice. DailyCryptoPost team encourages all to do their own research before investing.

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