U.Today - The crypto market is facing a very erratic volatility that has forced a number of top altcoins to shed some of their gains in recent times. Polkadot (DOT), despite its positive ecosystem updates, has also seen its price slip over the past few weeks. At the time of writing, Polkadot is at a spot price of $5.46, down by 0.48% over the past 24 hours.
A mere look at the trading charts shows Polkadot is lagging behind most of its peers; however, the Layer 1 proof-of-stake (PoS) protocol has pushed itself above its limitations and has set the stage for a mega price run in the near future.
Polkadot strategy
Just like the majority of innovative smart contract protocols, Polkadot is birthing the emergence of a number of unique dApps, whose utility is billed to drive more users into the ecosystem and, as such, create a defined demand for DOT tokens.One of the latest apps is the non-fungible token (NFT) marketplace from Polkadot Parachain, Unique Network. While the broader Web3.0 world is replete with NFT trading arenas, the Unique NFT marketplace is different in that it allows any creator to build utility in NFTs with such "features like bundling, royalties, sponsorships, and more - in a matter of a few clicks."
Besides the Unique NFT marketplace, Polkadot also sees a very as it seeks to pursue dominance in a niche many have projected will shape the future of smart contracts remarkably.