PrimeXBT lists Polkadot and other popular crypto assets
Since the start of 2021, Polkadot (DOT) has outperformed even Bitcoin – the leading cryptocurrency by market cap – with a return on investment of almost 500%. The substantial returns caught the attention of traders around the world and prompted PrimeXBT to list the asset alongside six other new altcoins.
Here’s the full list of assets, plus why Polkadot could be the biggest of the bunch.
PrimeXBT reveals list of seven new crypto altcoins
Revealed in a press release focused on the new asset listings, PrimeXBT added Polkadot, in addition to Solana, Cardano, Dogecoin, Uniswap, Chainlink and XRP. These altcoins have been added as part of ongoing expansion plans and an ongoing effort to provide platform users with a wide range of portfolio diversification options. Additionally, PrimeXBT and its partner Covesting are always pushing industry innovation forward with every new cool feature added.
DOT, SOL, ADA, DOGE, UNI, LINK and XRP are all available to trade using margin accounts based on BTC, ETH, USDT and USDC, with up to 1:20 leverage. Covesting Strategy Manager accounts must meet a maximum of 1:10 for added security for subscribers due to the volatility of these altcoins. But this very volatility offers strategy managers and followers far more opportunities than ever before.
Volatility is the reason why these altcoins are also so sought after by traders in the trading community. However, this is not the only reason. These crypto-assets are the crypto tokens of some of the most exciting new technologies the crypto industry has seen since the last market cycle.
Putting the spotlight on Polkadot: the Parachain platform and the DOT
Polkadot focuses on three key pillars: security, scalability and innovation. It also has some of the best tokenomics on the market.
The development facility has also helped support the rapid growth of the network. Developers can easily create custom blockchains using the Substrate framework or connect a chain for cross-chain operability.
Polkadot is constantly evolving and can be upgraded without the need for hard forks. This makes it easier to implement bug fixes or critical changes and updates that enhance future performance. A highly sophisticated governance system gives token holders a way to vote, ensuring that any network upgrade reflects the wishes of the entire community that matters most.
The protocol was designed by Ethereum co-founder Gavin Wood, and like Ethereum, uses a proof-of-stake consensus algorithm. The DOT governance token can also be used for staking to secure the network or to bind new chains. By staking DOT tokens and contributing to the network, a user can receive DOT tokens as a reward.
According to the official website, “as the network grows and more and more parachaines are added,” Polkadot’s speeds are expected to increase, potentially reaching as high as “one million transactions per second”.
Polkadot Momentum Could Only Resume, Trade Now With PrimeXBT
With so much behind Polkadot for momentum fundamentally, and it is only in the early days of the young interoperability-focused blockchain, DOT prices could continue to soar as the price discovery mode rages on. . If they do, traders can now take long positions on DOTUSD and DOTBTC through the award-winning multi-asset trading platform PrimeXBT. If the DOT starts to fall, traders can trade with the trend and go short using the same trading pairs.
This type of flexibility is only found on PrimeXBT, which also offers similar synthetic contracts on forex currencies, stock indices, oil, gold and more. With some of the most fundamentally strong altcoins today, along with traditional assets and some of the most advanced features: personalized service with dedicated account managers, highest level of asset protection, types of Advanced orders, integrated charting tools and the covesting copy trading module – the opportunities are almost endless.
The platform is also known for regularly providing its customers with new solutions to critical challenges facing the industry. For example, upcoming Covesting Yield Accounts will make DeFi much easier to access by removing the need to connect awkward blockchain wallets and simply stake assets stored in the PrimeXBT secure wallet system.
Stay tuned to the company official blog to see what they’re up to next.