How are you my dear friends? Hope you all are well. By the grace of God I am also fine Alhamdulillah. Friends, you may have understood what I am going to discuss today by looking at my title. So let's start with this - a few days ago the crypto market was very buoyant where Bitcoin was hovering around $70k and all the alt coins were also at a significant value. But in just a few days we have seen a huge drop in Bitcoin, and the rest of the alt coins have also gone down very badly. On the other hand, we saw the remarkable bullish movement of memecoin in Bulran a few days ago, but memecoins have gone to a bad place in these difficult times. However, many people probably know the real reason behind this market situation, so I don't want to enlarge my post by discussing it again.

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Now let's talk about Polkadot, the current market price of Polkadot is $6.782 where +4.24% uptrend movement is being observed. It has a current marketcap of $9.93B and a 24-hour trading volume of $418.7 M. Its Circulating supply is 1.43 B Dot and its Total supply is 1.43 B Dot. And its Max supply is infinity which means its supply will be given in the market from time to time when required. If I briefly mention the main function of Polkadot, I can say that its main function is to connect two blockchains together. That is, it essentially acts as a bridge between two blockchain ecosystems. Maybe now many of us understand how necessary and important this work of Polkadot is for us. Because they got rid of many complex problems for this activity. And with their help we can easily transact between two different blockchains. And so Polkadot is different from all other alt coins. And there is no doubt that they will increase their value in the future and their demand in the market will also increase.

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Now talking about how important polkadot work is we all know but still we have seen last few days in Bullran its highest level was only $11.889 but where other coins pumped 2x or 3x than that. This has disappointed many people and I have seen many small investors withdraw their funds from polkadot, which is a very stupid thing to do. Many of them think that polkadot doesn't have a good future, maybe they are not as profitable for investors as we used to be, etc. But here one thing you must keep in mind that Polkadot doesn't work as normal as other ecosystem they have their demand now the market is shaking and after few days it will be dull. Again, this is not a meme coin that will take a profit or two and stabilize again based on hype or someone's tweet. In fact, the case of Polkadot is completely different. It is a project that will increase and increase day by day if the demand decreases. But it is natural that demand for Polkadot will not increase all at once. This is a very good and big project which will gradually build as a milestone. And so Polkadot's community often provides these different events for its holders. One such event they started a while back where minimum stake of 250 dot was rewarded with maximum 3x profit.

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In my personal opinion I think if you are an investor and you have a prior belief that you can hold it for the long-term then you should definitely hold dot coin. And if you don't have Dot in your portfolio yet, you still have a golden opportunity to buy Polkadot. Because now the market is slowly going up so you can lose this opportunity too and not be disappointed later. Because Polkadot's market value was $5.693 a few days ago, its market value has increased to around $7.

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So guys today I am ending my discussion here. I hope you enjoyed my post, and from my simple explanation you got some idea of how powerful Polkadot is for the future. That's it for today's discussion, I'll come back to you with a more detailed explanation and discussion in part 2 . Wishing you well for so long, I am ending here.