DOTUSDT Nasdaq has filed a 19b-4 filing for the Grayscale POLKADOT ETF. In 2021, Grayscale announced the establishment of several new cryptocurrency trusts, including the Grayscale Polkadot Trust.
DOTUSDDOTUSDT I asked ChatGPT to create a limerick about DOT and this is what it wrote.
Polkadot bros swore it would moon, “Interoperability’s coming soon!” But the VCs all fled, Now the chart’s seeing red, And its price will be zero by June!
DOTUSD 7.7% inflation rate currently. If you don't know what this means just research. There is no max supply. Every year 15% goes to the treasury and 85% is being given to stakers. 120m token are being released each year. In 5 years roughly we will have around 2.2b in total supply. To put things into perspective just think about XRP when it was 0.50. Everyone said it was dead. Then x7 in a matter of days. With 100b supply. Do the math.
DOTUSD Is at the mercy of large, wider market forces right now. Issue is there's quite a lot of geopol risk and a relatively low liquidity environment, and all of the attention is going to the memecoin platforms. I still like Dot as a serious contender in the Web3 space, but this is going to take a while before it's able to break out. Between $6-$5 is a good place to accumulate for a long-run play. Keep in mind, radically undervalued high-profile coins tend to be good long-run buys.