Polkadot (DOT) is One of the Best Layer-1 Protocols Out There - Weiss 13

Polkadot (DOT) is One of the Best Layer-1 Protocols Out There – Weiss

In brief:

  • Weiss Ratings sees Polkadot as one of the best layer-1 protocols in the crypto-verse
  • Polkadot is also ranked 6th in terms of market cap with DOT currently valued at $31.50
  • However, the team at Weiss wants to see more DApps on Polkadot

The team at Weiss Ratings has dubbed Polkadot as ‘one of the best layer 1 protocols’ in the crypto space. The team went on to highlight Polkadot’s meteoritic rise to the top ten according to market capitalization. However, Weiss hoped to see more working DApps on Polkadot that can rival or exceed those of Ethereum. The team at Weiss shared their insights on Polkadot via the following statement.

The #Polkadot is one of the best layer-1 protocols out there. It’s also one of the top 10 by market cap. However, in 2021 the bar was raised – we need to see working #dapps that perform as good or even better than the #Ethereum counterpart to be impressed and intrigued.

And that goes for the rest of the layer-1 protocols competing with #ETH. Pure tech potential no longer cuts it.

Polkadot Sets New All-time High of $32.70

With respect to price action, Polkadot is currently trading at $31.50 after posting a new all-time high of $32.70 – Binance Rate – earlier today. Polkadot’s impressive market performance has allowed DOT to retain the number 6th spot on Coinmarketcap, having edged out XRP and Litecoin. Below is a screenshot of the top 10 digital assets on Coinmarketcap.

Polkadot (DOT) is One of the Best Layer-1 Protocols Out There - Weiss 14
Source: Coinmarketcap.com

Polkadot Decoded Conference: May 20th, 2021

Also to note is that the Polkadot community has a conference on the 20th of May dubbed ‘Polkadot Decoded‘. The virtual conference is the second in Polkadot’s history and is open to any developers and community members who would love to present their ideas to the wider crypto audience. Registration is currently ongoing with community members encouraged to submit proposals to present both technical and non-technical topics on anything Polkadot.