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Polkadot has risent more than 1,200% since trading began in September, 2020, and it now the eight largest altcoin by market capitalization.
Greg King, CEO and founder of Osprey Funds, recently launched the Osprey Polkadot Trust, a fund based on the Polkadot coin for private placement.
Speaking to David Lin, anchor for Kitco, King said that one of the reasons for Polkadot’s dramatic rise in value is due to “alt season,” a time when altcoins outperform the larger cryptocurrencies, like Bitcoin, during a bull rally.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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