The One Crypto You Need to Survive a Potential Crypto Slump
If you're like most crypto investors, you've probably started thinking about crash-proofing your crypto portfolio, the same way that people try to crash-proof their stock portfolio during tough times. The good news is that there are some smaller, affordable cryptos that will likely hold their value during a bear market. One crypto to keep an eye on right now is Polkadot (CRYPTO: DOT), which has skyrocketed to a $10 billion market capitalization since its launch in May 2020 and is now one of the top cryptos in the world according to CoinMarketCap.
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Most importantly, Polkadot passes the "use case" test. It's relatively straightforward to describe what Polkadot does and understand how it is valuable. Simply stated, DOT is a lightning-fast blockchain that helps to connect other blockchains so that they can talk to each other and exchange data. You can visualize this as a hub-and-spoke system, with DOT as the hub and other blockchains as the spokes attached to this hub. DOT can process over 1,000 transactions per second right now, with a goal of eventually reaching 1 million transactions per second, making it one of the fastest blockchains in the world. By way of comparison, Visa says it handles 65,000 transaction messages per second.
Source Fool.com
