Polkadot DOT/USD price history up until May 18, 2024
Six months after its initial release, the value of cryptocurrency Polkadot was already six times higher than it was at the end of August 2020. Nicknamed 'the Ethereum Killer' by Bloomberg in December 2020, the altcoin is similar to Ethereum in that they are both open-source and are a decentralized web. Over the course of 2021, it increasingly attracted interest from crypto fund managers as they thought there were few developments in the Ethereum blockchain, and the cryptocurrency from Switzerland's Web3 Foundation was a suitable alternative. By 2022, the situation had changed: As of May 18, 2024, one DOT token was worth 7.16 U.S. dollars.