Polka dot is an open-source project that works with shared protocol that enables Blockchain Networks to work with Synergy. The token serves three distinct purposes; Governance, Staking and Bonding. This is designed to co-exist with Leading smart contract Blockchains rather than competing with them. This is very appealing factor for some Investors. It won't be easy for the Polka dot to challenge Ethereum as many working projects are already using Ethereum Network even though Technically it is superior project but It is already Home of 197 projects those are working on its networks and many more willing to join it.
This is also evident from price movement that we have witnessed during the past month when its price moved from $2 to almost $6 that reflects great interest of Investors in this token. There are some predictions that within a year time , Dot will be Top 3 on Market cap.
I feel happy amd proud that market is coming up with quality solutions just like polka dot last year and it was highly needed because it aims to solve all the inefficacies and hurdles in the market that were kind of a hurdle in the mass adoption of cryptocurrencies likewise all other cryptocoins are also working on their blockchains to meet the high future demands so hopefully this year will be remembered as the year of crypto adoption and boom.