In terms of popularity, Polkadot currently ranks in position 11 out of the thousands of cryptocurrencies. It is also important to consider Polkadot's market cap – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. Polkadot has a market cap of $ 7,525,481,734, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 375,384,558,013, Litecoin at $ 3,846,703,834, Ethereum at $ 162,463,420,778, Tether at $ 67,939,611,088, and XRP at $ 24,450,209,662.