Polkadot token ranks 10th by market capitalization in CoinGecko ranking

CoinGecko, the analytics service, added a market-cap metric for Polkadot’s DOT token. With a fully diluted valuation of $3.75 billion, DOT was 10th in the ranking.

We have added the market cap for @Polkadot. It is now position #10 in our ranking list with a fully diluted valuation of $3.75 billion. For more information, refer here:https://t.co/YpCeafXZvm

— CoinGecko (@coingecko) August 22, 2020

At the time of publication, this figure had fallen to $3.42 billion, still higher than that of the next in line — Binance Coin, EOS, Tezos, Stellar and Tron.

The page reflects the DOT state following the token’s denomination carried out on Friday, August 21. The result was that each “old” DOT token was split into 100 new ones.

At block number 1,248,328 on August 21st at 16:48 UTC, the DOT token underwent a redenomination from its original sale. ‘ ’ is now 100x smaller than ‘DOT (old)’. Therefore, your DOT balance is now 100x higher and the price per DOT is 100x lower. pic.twitter.com/OEvfj1Ddmu

— Polkadot (@Polkadot) August 21, 2020

Over the last 24 hours, the price of the ‘new’ DOT rose by more than 40% — from $2.73 to a peak of $3.71. Support for the coin was added by three exchanges: Binance, Kraken and Gate.io; daily trading volumes reached $170 million.

Earlier, Polkadot founder Gavin Wood criticized Binance and Kraken, which had listed DOT two days before the planned redenomination.

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