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One thing about Polkadot is that a major technical feature, external audits for its parachains, will be implemented sometime this year. For hardcore blockchain enthusiasts, these new features are a really good long-term sign for Polkadot’s viability as an Ethereum replacement.
At the same time, Polkadot has already shown that it’s more than capable of triple-digit percentage price swings in a relatively short period of time. If you’re okay with buying a token that has this much volatility, then Polkadot could be a good investment. Polkadot has already grown to the sixth-highest valued cryptocurrency in terms of market cap, coming in at around $30.9 billion. That’s more than XRP, Uniswap, Litecoin, and Bitcoin Cash. The only five tokens that have a higher market cap are Binance Coin, Cardano, Tether, Ethereum, and Bitcoin.
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