Is investing in Polkadot a good bet in 2023? All about DOT’s strengths and weaknesses

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Is investing in Polkadot a good bet in 2023? All about DOT’s strengths and weaknesses
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The recent fluctuations in DOT's price are largely a function of wider market trends. However, an objective assessment might help you in making a wise decision.

However, the coin regained some lost ground as it fought the bears to reach $5.36 at the time of publication, a noticeable jump of 2% in the 24-hour period. DOT’s market capitalization grew to $6.34 billion, putting it in 11th place and closing in on the coveted top 10 list.

Polkadot is thus a “multichain” composed of blockchains running concurrently to speed up transactions. It is estimated that, on average, the network can process 1,000 transactions per second . As part of the Polkadot limits the number of parachains it can support to around 100. Since supply is limited, parachains are allocated through auction, governance system, or parachains, the total number of parachains on the Polkadot ecosystem, including the Kusama network, was 45. The Kusama blockchain is a part of the Polkadot ecosystem, and is used for trying out new features before they are released on the mainnet.

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