Polkadot (DOT) is one of the best Layer 1 protocols out there – Weiss

In the letter:

  • Weiss Ratings sees Polkadot as one of the best Layer 1 protocols in the crypto-verse
  • Polkadot also ranks 6th in terms of market capitalization, with DOT currently valued at $ 31.50
  • However, the Weiss team would like to see more DApps on Polkadot

The Weiss Ratings team has named Polkadot “one of the best Layer 1 protocols” in the crypto space. The team highlighted Polkadot’s meteoric rise into the top ten by market cap. However, Weiss hoped to see more working DApps on Polkadot that could compete or outperform those of Ethereum. The Weiss team shared their findings on Polkadot through the following statement.

The #Speckle is one of the best Layer 1 protocols. It’s also one of the top 10 by market cap. However, in 2021 the bar was raised – we need to see it work #dapps who do as well or even better than them #Ether Counterpart to be impressed and mesmerized.

And that goes for the rest of the Layer 1 protocols they compete with #ETH. Pure technical potential no longer cuts off.

Polkadot sets new all-time high of $ 32.70

In terms of price movement, Polkadot is currently trading at $ 31.50 after posting a new all-time high of $ 32.70 (Binance Rate) today. Polkadot’s impressive market performance has allowed DOT to retain sixth place on Coinmarketcap after ousting XRP and Litecoin. Below is a screenshot of the 10 best digital assets on Coinmarketcap.

Source: Coinmarketcap.com

Polkadot Decoded Conference: May 20, 2021

It should also be noted that the Polkadot Community will host a conference on May 20th entitled “Polkadot Decoded”. The virtual conference is the second in the history of Polkadot and is open to all developers and community members who would like to present their ideas to a wider crypto audience. Registration is not yet complete. Community members are encouraged to submit proposals to present both technical and non-technical topics on Polkadot topics.

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