While most of the population try to grasp the importance of blockchain technology, the crypto community is already working on the next big thing. Web3, hoped to be an innovative, decentralized, and tokenized version of the world wide web, is the new frontier in the crypto space. Polkadot, a layer 0 protocol that enables layer 1 blockchains to coexist, while ensuring security and scalability, has been working hard to secure it's spot as the Web3 platform.
With a listed price of $2.87 USD on 8/20/2020, Polkadot's token, DOT, reached an all time high of $55.00 USD on 11/4/2021. The price has since decreased with the market, currently trading at $9.70 on 5/20/22 7:00PM EST. Price predictions for DOT remain optimistic despite the market. The positive outlook is likely helped by the seeming validity of the project, it's founders, it's sponsors, and it's thriving community.
If you're interested in learning more about Polkadot, you can check out their website here and their white paper here. Be the social butterfly you are with Polkadot's Twitter, Reddit, and Discord. Kraken is currently offering up to 12% APY for users that stake DOT on their exchange, but always do your own research before making any financial investments.