Dock Price Prediction
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Table of Contents
Dock Fundamental Analysis
DOCK is a native utility token on the Dock network, which is designed to provide a way to issue and manage universal, individually-owned, tamper-proof credentials. Blockchain technology ensures that the credentials are secure and instantly verifiable, proving Dock’s usefulness in many areas such as healthcare, education, supply chain management. Dock mainnet was launched in September 2020.
Dock provides tools for developers to build customized apps that can issue credentials. There’s Dock’s demo app, Certs, which is available to try on their website, as well as a verifier for W3C credentials. W3C had also provided a grant to Dock early on, which raised its trustworthiness level.
In the first phase after the mainnet’s launch, Dock has used Proof-of-Authority (PoA) consensus protocol, when verificators were chosen by a governing body overseeing the network’s development, called Dock Association. This is going to change in July 2021, when the project is slated to undergo a transition into the next phase, replacing PoA with PoS – Proof-of-Stake. This news is exciting for DOCK token holders since the changes will allow them to expand their use of the tokens, which will include voting to elect governing Council members or running a validating node. By enabling this, the update will build upon the current incentive structure, where tokens have three purposes: governance, staking and validating, and facilitating network operations.
Dock Live Price Chart
After the initial DOCK token sale in early 2018 and its subsequent appearance on the market, it briefly generated a lot of interest. DOCK’s price surged to the all-time high of $0.2427 on May 4, 2018. Later, as the project was being developed and went through testing, DOCK trading went dormant, keeping at ~$0.01 or below until the summer of 2020. At that point, in the anticipation of the mainnet launch, the price had climbed up a little, reaching $0.03 in August. After the next lull which went on from late autumn to early winter, DOCK‘s price shot up, following the crypto market trend and fueled up by some important changes in early 2021, such as the introduction of governance features, token migration from Ethereum to Dock’s own chain in the Polkadot ecosystem, and the preparations for the Proof-of-Stake launch. All of those factors enabled DOCK’s price to reach as high as $0.17 in April. Notably, while the crypto market, in general, has crashed very hard in June 2021, DOCK’s downward climb has been very slow so far, finishing the month at around $0.08. This points to a sustained interest in the project and the product it’s offering.
