Polkadot (DOT) Prepares For Mega Run

The cryptocurrency market is undergoing a volatile time that recently caused growth and decline in the price of leading altcoins. Despite Polkadot lagging behind most of its contemporaries, it has set some strategies to rally its growth.

Polkadot provides a platform for the creation of innovative dApps in the bid to attract more users to the network. Presently, it also aims to utilize AI-based dApps to further its dominance in the market.

The Polkadot Strategy

Polkadot (DOT) witnessed a decline in price within the past few weeks. As of press time, Polkadot is trading at a $5.36 price, marking a decline of 1.19% from its previous day's price.

Merely considering the trading chart reveals that Polkadot is struggling behind most of its contemporaries.However, the Layer-1 PoS crypto asset has placed itself above obstacles scheming for a mega price bull run in the nearest future.

Like most advanced smart contract protocols, Polkadot is setting the pace for establishing certain unique decentralized applications (dApps).

The utility of these dApps is billed to organically attract more users into interacting with the network. This will, in turn, lead to an established demand for the DOT coins and surge the token's price.

One of its recent developments is launching the unique NFT marketplace from Polkadot Parachain called Unique Network.Although the overall Web 3 industry is full of NFT marketplaces, the Unique NFT trading platform promises to be different.

The Unique NFT marketplace will allow dApp creators to create utility in non-fungible tokens using features like royalties, sponsorships, bundling, and others using only a few clicks.

Polkadot Integrates with AI

As stated earlier, the Polkadot blockchain constantly seeks ways to advance its services to customers. One of its recent developments was delving into artificial intelligence. AI is still in its early phases, with misinformation and miscommunication.

However, Polkadot also notes the purpose of Origin Trail, a distributed and decentralized knowledge graph that allows for a world of AI-ready knowledge assets. This allows any user to participate in trusted knowledge sharing.

Establishing Origin Trail will significantly help safeguard the foundation of artificial intelligence on the Polkadot blockchain, Web 3, and the larger tech industry.

All blockchains stand out in their ways. Moreover, Polkadot functions in a very peculiar concept, as it enables the expansion of parachain that can host dapps and smart contracts.

Some notable parachains in the Polkadot network include Moonbeam and Astar Network. These two parachain protocols have been making waves in the industry this year.

Recently, Astar Network partnered with automobile giant Toyota to host an event in February this year.

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