DOT is about to conquer Dogecoin’s place in the top 10 as Polkadot’s social dominance is surging
According to Santiment, fresh insight was spotted in the social metrics of the Polkadot project. According to the portal’s observations, the multi-chain protocol is now experiencing the most positive rates of crowd sentiment on its account since January 2021.
Dogecoin Better Watch Out as Sentiment Around Polkadot Is Most Positive Since 2021
In addition, the values of social volume and dominance of Polkadot show strong growth, which is a consequence of the active discussion of the project on social networks.
At the same time, the last more or less loud event around Polkadot and the “ring” of parachains surrounding it can be considered the return by the Acala development team of almost 3 billion aUSD stolen as a result of the exploit. Its reputation, of course, is damaged, but at least they cleaned up after themselves.
At the moment, Polkadot holds the eleventh position among the top 100 largest cryptocurrencies in terms of capitalization with an indicator of $8.53 billion, as reported by CoinMarketCap. Thus, DOT is only about $500 million short of the symbolic 10th place occupied by Dogecoin. That said, given the level of positivity around Polkadot, as well as the project’s well-known strong fundamentals, it can be assumed that in the near future, the project has every chance to close the gap and possibly displace DOGE from its perch.
You can now buy Dogecoin, Litecoin, Stellar and other cryptocurrencies at grocery stores across U.S.
Coinstar’s big green kiosks that allow converting jugs of change into paper bills can now be used for buying Dogecoin (DOGE) and several other cryptocurrencies, including Stellar Lumens (XLM) and Litecoin (LTC).
The company kicked off its cryptocurrency experiment four years ago after partnering with the Coinme cryptocurrency exchange. Shoppers can trade their cash for cryptocurrencies by creating a Coinme account, or purchasing a crypto voucher for cash at a Coinstar machine. The machine charges a 4% fee, which makes it a rather expensive way to buy cryptocurrencies. The redemption price can also vary substantially due to Bitcoin’s volatility.
One has to verify his or her Coinme account in order to be able to conduct a purchase. Typically, customers are required to upload their driver’s license or another document in order to pass the background check. In October, Walmart quietly deployed roughly 200 Coinstar machines in its stores as part of a pilot program. Coinstar operates a network of more than 9,000 Coinme-enabled machines across the country. In April, it expanded into Vermont, placing its kiosks at select supermarkets operated by Hannaford, and Tops Friendly Markets, as well as at some Shaw’s and Star Market stores. Last July, it expanded into Connecticut. Coinstar CEO Jim Gaherity claims that customers wanted to see more available coins on top of Bitcoin.
Read more:
- Dogecoin Whale Activity Reaches A 3-Month High, Will It Reach $0.14?
- Dogecoin Entered The Top Five Most Profitable Tokens Following Shiba Inu