Shade D.
Shade D.
Oct 26, 2021

Is Dock A Good Investment?

  • The dock is a platform designed to provide a simple solution for businesses and developers to manage, build, and present digital credentials that are immediately verifiable through blockchain technology. By utilizing data encryption, a secure Ethereum main chain, as well as a token model, the users in Dock protocol are allowed to take control of their data and exchange it between applications. This platform basically provides a solution for data tracking and solving universal problems with existing data solutions. Dock integrates industry-leading World Wide Web Consortium (W3C) and VCDM standards, allowing it to interoperate with other open source technologies. It is also open source and licensed under permissive, developer-friendly terms.
  • Over the last five months, Dock's market capitalization rank followed an overall negative trend since July, reaching the rank of 556 by the time of writing this post (10/26/2021) with more than $70 million value. However, over last months Dock's price was in the range of $0.080-$0.085. The all-time high of the Dock token was approximately $0.240 and all-time low was about $0.0025 and currently, its price is 3173.5% above the all-time low price. However, Dock's liquidity score is 35% below the market's average score, making it relatively challenging to sell it bear markets.
Is Dock A Good Investment?
Is Dock A Good Investment?
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Introduction

Dock is a platform designed to provide a simple solution for businesses and developers to manage, build, and present digital credentials that are immediately verifiable through blockchain technology.

By utilizing data encryption, a secure Ethereum mainchain, as well as a token model, the users in Dock protocol are allowed to take control of their data and exchange it between applications. This platform basically provides a solution for data tracking and solving universal problems with existing data solutions.

Dock is a bespoke, one-stop-shop solution to:

  • Create decentralized identities (DIDs)
  • Create, manage and present credentials

DOCK is the native utility on the Dock mainnet, it is used as:

An integrated payment mechanism for performing network operations includes creating decentralized identities (DIDs), issuing credentials, creating schemas, and more. Emission rewards for validators who provide their resources to the network by producing blocks and confirming transactions. The Dock utility token plays a key role in aligning incentives across all Dock network’s participants, including issuers, validators, token holders, and the Dock Association, and ensures collaboration and growth.

How Does Dock Work

Dock integrates industry-leading World Wide Web Consortium (W3C) and VCDM standards, allowing it to interoperate with other open source technologies. It is also open source and licensed under permissive, developer-friendly terms.

Proof of Authority (PoA) consensus mechanism was initially used in the Dock mainnet. In this mechanism, time splits into fixed intervals, and each validator will have an equal chance to produce blocks on a round-robin basis. In the second phase, Dock utilizes PoS consensus, which selects a validator for each slot randomly. In order to become a validator and earn rewards, a candidate has to lock tokens in the network. Dock platform utilizes PoW for reasons, including:

  •  smaller carbon footprint
  • Increased decentralization
  • Passive income for nominators
  • Enhanced utility of Dock tokens
  • Further democratization of governance


Financial Analysis

Over the last five months, Dock's market capitalization rank followed an overall negative trend since July, reaching the rank of 556 by the time of writing this post (10/26/2021) with more than $70 million value. However, over last months Dock's price was in the range of $0.080-$0.085. All time high of the Dock token was approximately $0.240 and all time low was about $0.0025 and currently, its price is 3173.5% above the all-time low price. However, Dock's liquidity score is 35% below the market's average score, making it relatively challenging to sell it bear markets.

Gaining public attention is a critical factor in determining the success of any project. Our data shows that Dock's Twitter account saw a growth of 13% over the past five months, surpassing 54k followers by the time of writing this post. Besides, its popularity on Telegram and Reddit increased by 11% and 1%, respectively during the same period.

Dock's Return On Investment (ROI) over the past year was 748%. Also, it should be mentioned that if you had invested in Dock a month ago, you could enjoy 8% profit on your investment.

You are saying that Dock is the best cryptocurrency to invest in?

We are here to help you make smarter financial decisions by freeing up your intelligence through making it easy to compare thousands of coins. We do all the hard work for you and help you remove emotions from your decisions. However, making an investment decision requires considering your own financial situation and comparing your investment options.

To see our reports and easily compare the available investment options, check out our website.

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