PolkaBridge is currently trading at $0.38, up 105% in 24 hours with rising volumes, indicating a strong bull rally
The PolkaBridge network, powered by the PBR token, has seen a strong rally after a strong price consolidation in the past week. The PBR token is currently being traded at $0.38 at the time of writing. The coin might reach its all-time high (ATH) price of $0.81 if the current rally can sustain itself for a little longer. The token is currently on a strong bull run and investors seem to be accumulating huge volumes.
How & where to buy PolkaBridge in the UK and elsewhere
There are so many platforms available today that it is easy for a new user to get confused which is why we have shortlisted two of the best platforms where you can deposit funds and start trading in a few clicks.
To register a new trading account, simply submit a username, password and email address. Then, proceed to verify your new account by providing proof of identity and residence documents such as a driving license and a utility bill.
While there are many decentralised exchanges (DEXs) platforms available, it is recommended that you avoid such platforms as they are unregulated.
As PBR is such a new asset, it’s yet to be listed on major exchanges. You can still purchase PBR using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy PBR right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for PBR
Now that you’re connected, you’ll be able to swap for 100s of coins including PBR.
What is PolkaBridge?
PolkaBridge allows cross-chain compatibility between Polkadot and other blockchains. The network is fueled by the native PBR token that allows users to earn staking rewards, is used for running transactions on the PolkaBridge blockchain network, and is also used for participation in new projects. The PolkaBridge Launchpad allows new projects to seek funds on the network and allows users holding PBR tokens to invest in such promising new ventures.
There are a total of 100 million PBR tokens with 30% being allocated for ecosystem activities including research and development.
Should I buy PBR today?
The PolkaBridge token solves the problem of cross-chain compatibility as developers seek to deploy more projects on the Polkadot network. The PBR token is currently experiencing a strong rally and early adopters could be looking at healthy gains in the near future.
Below is the weekly chart for PBR that shows strong consolidation followed by a sudden spike in price. The PBR token could possibly 2X or even 5X from current levels if the momentum is sustained for another week.
PolkaBridge weekly chart. Source: CoinMarketCap
This article is informational only—none of the contents should be construed as financial or investment advice.