After a dip to $0.00436, the DOCK token immediately went up to $0.00960 the last day. This seems like a great upward trend, right? But what if I say we are 97.23 percent low from DOCK’s all-time high?
After its release year of 2017, DOCK had several ups and downs. In this article, we will check the historical data of DOCK and generate a price prediction from this year to 2030. Let’s start.
What is the Dock Project?
Dock is a unique project in its usability. Individuals, businesses, and developers can build, manage, and present Verifiable Digital IDs using Dock. Dock uses blockchain technology to provide credentialing technology.
Through Dock Project, users can create cryptographically secure and instantly verifiable digital credentials, including workforce certificates, academic achievements, identity documents, and KYC algorithms.
Dock is a very old project and, since 2017, Dock has been building Decentralized Identity and Verifiable Credentials (VC) technology to help projects. The native token of the Dock ecosystem is also called DOCK.
The DOCK Token
DOCK is the native token of Dock’s blockchain network. It is primarily used for transactions, incentives, and voting. All the transactions in the Dock ecosystem require DOCK tokens.
DOCK token is mainly used for creating DIDs, updating Revocation Registries, and creating Schemas. Users can also stake DOCK tokens. They can participate in voting activities with the DOCK token.
The utilities of DOCK can be divided into four main categories: Staking, Validating, Governance, and Network operations. Here is the tokenomics:
| Token Name | $DOCK |
| Total Supply | 1,000,000,000 DOCK (1 Billion Tokens) |
| Market Cap | $5,625,682 |
| Release Date | 25/04/2018 |
DOCK Token Allocation
The total supply of DOCK tokens is 1 billion. Each year, the network will release 25% of the remaining supply. Currently, 90% of the total supply has been distributed. Always, the released tokens will be equally distributed across all categories. Here is the allocation data:
| Category | No of Tokens | Percentage | Description |
| Circulating supply | APPROX. 793M DOCK | 79.3% | Dock tokens held by token holders enable any individual or organization to participate in the network including transacting, validating, staking, and voting via open governance. |
| Dock Association treasury | APPROX. 102M DOCK | 10.2% | The Dock Association’s Treasury is used to fund the development, marketing, and operations of the Dock network. Over time, decisions regarding spending the Treasury will shift from the Association’s Council to token holders via an open governance mechanism. |
| Validator emission rewards | APPROX. 105M | 10.5% | The remaining tokens will be mined over time as emission rewards with 50% used to reward validators for validating blocks and processing transactions, as well as stakers for participating in staking. The other 50% of the emission rewards will go to the Treasury to ensure the ongoing management of the network. |
Historical Data of DOCK Token
The Dock Project was launched in 2017, and the DOCK token was released on 25/04/2018 to the public. Immediately after its release to the public, the token was bought by a large number of users which led to its all-time high. It touched an all-time high of $0.2427 on May 04, 2018.
Now we are 07.23 percent below the all-time high. The all-time low was on March 13th 2020. At that time DOCK was trading at $0.002333. Now it is been four years, and the token has shown significant growth.
DOCK Price Prediction 2025, 2026, 2027, 2028, 2029, 2030
| Year | Yearly Low | Yearly High |
|---|---|---|
| 2025 | $ 0.004796 | $ 0.014028 |
| 2026 | $ 0.005209 | $ 0.011938 |
| 2027 | $ 0.005196 | $ 0.006208 |
| 2028 | $ 0.004539 | $ 0.00749 |
| 2029 | $ 0.001486 | $ 0.026834 |
| 2030 | $ 0.00262 | $ 0.021097 |
Where to Buy DOCK Tokens?
DOCK is available to trade on Binance, Gate.io, KuCoin, BingX, CoinDCX, WazirX, and other prominent exchanges. You can buy DOCK from the official site, and also from decentralized exchanges.
Is DOCK a Good Investment Option?
Our predictions show that DOCK is a good investment for long-term holding. If another bull market is near, the DOCK will also surge like all other altcoins. If you are looking for short-term trading, beware that because of the low market cap, big price fluctuations may come.
However, it is important to investigate before investing. This is not a piece of investment advice, and you have to do your research and delve into conclusions.
Final Thoughts
DOCK is an old coin and the community surrounded by DOCK has a lot of experience in the crypto field. It will be great if you read Dock’s whitepaper and engage with their communities. So you can get a more understandable picture of the DOCK coin.
Always invest with caution. Only spend the money you can afford to lose. Thank you for reading, and happy investing.
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