interesting. On Coingecko the coin is the top 10 cryptos by market cap and even in the top 20 by volume in 24h, but on CMC it's nowhere to be seen because it is ranked #2167. I suppose this had to do with some sort of T&C from coinmarketcap for recently listed/launched cyptos? surely this raises a few red flags, no?
I want to know your opinion about this cryptocurrency
extremely risky investment if you're looking for short-term profits. It's such a new player in this market, you honestly have no idea what to expect from it. I would give it a few more weeks (even more) to see how the market reacts, but for now, and at that price range ($6), I'd stay as far away from it as I can.
Few thought that Polkadot would even reach its current heights. A few days ago, this cryptocurrency ranked fourth on the CoinMarketCap table with a current capitalization of $ 16.1 billion and a price tag of $ 17.8. It ousted Ripple, against whose leaders the SEC filed a lawsuit on December 22 in the unregistered issue of these coins.
Polkadot is even now growing very rapidly in price, having increased by 13 percent over the last 24 hours and by 82 percent over the week. It is believed that it can become a good competitor to ethereum.