Polkadot (DOT) Crypto In Focus After The Recent Profit Booking

There are now plenty of options for investors in the cryptocurrency space and it is quite possible to look beyond the usual suspects like Bitcoin and Ethereum.

One of the cryptocurrency tokens that investors could consider looking into at this point in time is Polkadot (DOT). In this regard, it should also be noted that Polkadot had actually been created by Gavin Wood, who was a co-founder of Ethereum. Polkadot is a blockchain that is unique since it offers a completely different set of functionalities to other blockchains. It has adopted a novel approach regarding dApp developments and has managed to attract the attention of plenty of developers in recent times.

It is a scalable platform and provides far more freedom to developers when compared with its peers. There are peers in the same lines as well but at the same time, it should be noted that the scalability it offers and the fact that Polkadot only commands a market cap of $39 billion work to its advantage. In order words, the upside could be much higher for investors in Polkadot at this stage than in the case of its rivals, which might have much higher market caps.