Polkadot is already down 90% from its all-time high! Bitcoin is only down 70%. If we were to play a game where every coin goes back to all-time highs, Polkadot would be 20% more profitable than many other coins.
Here’s some moon math for you, if Polkadot were able to achieve the market cap that Bitcoin has right now at these lows, you would see a $325 DOT.
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Is Cryptocurrency the Next Big Thing?
The Metaverse is a virtual world where people can connect through games. These virtual spaces are being used to create immersive concerts and games. One of the most popular examples of these is Fortnite, which has 350 million players. The game has hosted concerts by popular musicians such as Ariana Grande. Blockchain technology has the potential to make cryptocurrency a viable option for payment within the metaverse.
Many major companies are investing in the Metaverse. Microsoft, NVIDIA and Epic Games have all announced plans to explore it. VISA recently acquired the first NFT for $150,000 and Coca-Cola and Roblox have also outlined their vision. There are many reasons to believe that the Metaverse is the next big thing.
Facebook is betting big on the Metaverse. The social media giant has already invested in virtual reality headset maker Oculus and announced last week that it is changing the name of one of its divisions to Meta. This shift signals a commitment to the Metaverse, which is the basis of the company’s future business.
Several popular blockchain-based apps are already available in the Metaverse. They allow users to create their own virtual land and earn money playing games. Popular Metaverses include Decentraland, Axie Infinity and SecondLive. SecondLive is a popular choice amongst gamers, as it uses the Ethereum blockchain. Users are rewarded with Axies, non-fungible tokens that can be redeemed for virtual goods or services.