Your expectations for Polkadot in 2024

[legend45]

PolkaDOT once generated a lot of hype and held a top position on CoinMarketCap. But suddenly it lost its popularity a lot. And with the Bitcoin price crash, DOT also crashes. The DOT has since fallen far behind.  ADA was subordinate to DOT but ADA managed to retain its position. DOT is still a top 7 coin on coinmarketcap so they too have potential to do well in the future. But to enjoy that opportunity you must think of long term investment.

The collapse in the price of Polkadot was indeed very sharp, and it was all due to the influence of the collapse in the price of Bitcoin. But what is strange is that currently the price of Bitcoin has started to recover, but the price of Polkadot is also not like Bitcoin, which is starting to recover. Polkadot price movements should follow Bitcoin price movements, but unfortunately not as expected.

Some people say the Polkadot project seems to be stuck, this is what makes it difficult for Polkadot to rise following Bitcoin's high rise. It may take time for polkadot to improve its performance

[Wiseman]

Some people say the Polkadot project seems to be stuck, this is what makes it difficult for Polkadot to rise following Bitcoin's high rise. It may take time for polkadot to improve its performance

Yes, you are right, Polkadot started with a strong hype and then could not hold the bar and continue to grow further.
But I am still sure that Polkadot project is worthy of attention and investment, apparently it has people who are interested in popularization and will promote it.

[MrSpasybo]

Yes, you are right, Polkadot started with a strong hype and then could not hold the bar and continue to grow further.
But I am still sure that Polkadot project is worthy of attention and investment, apparently it has people who are interested in popularization and will promote it.

I have been truly blown away by Polkadot's vision and technology in 2021, which is better than what I thought when referring to its ICO in 2017. However, I must also admit that the DOT token price is making many holders disappointed: BTC has recovered and grown, but DOT continues to stay in the accumulation zone.

I hope that within this delay lies a great opportunity for those who choose to continue to believe in Polkadot and the potential of the DOT token.

[FOKA33]

I'm not a fan of polkadot but I will follow the development of this token, where in the previous halving it had the potential to be better but the development I think is quite slow so it hasn't reached the peak, btc has gone down, and made polkadot stop, in 2024 this is not the year of the dot it seems because there has been no significant increase in sales volume,

Polkadot is quite a promising project that is focused on interoperability between various blockchain, it is different from other altcoins that allow each other to communicate with each other which could be a huge benefits as a whole. We hope for a new all time highs this next bull run.

[MrSpasybo]

Polkadot is quite a promising project that is focused on interoperability between various blockchain, it is different from other altcoins that allow each other to communicate with each other which could be a huge benefits as a whole. We hope for a new all time highs this next bull run.

Yeah, as each blockchain and ecosystem develops, the need for cross-chain interaction will also increase and users will need Polkadot's solutions. With the new tokenomics, the DOT token price will be positively impacted and increase, not disappointing holders in the 2024-2025 bull run. We also cannot forget the fierce competition from Cosmos and LayerZero in the cross-chain space, this cycle will be a good opportunity for Polkadot to deploy and prove the value of its parachains technology.

[legend45]

Some people say the Polkadot project seems to be stuck, this is what makes it difficult for Polkadot to rise following Bitcoin's high rise. It may take time for polkadot to improve its performance

Yes, you are right, Polkadot started with a strong hype and then could not hold the bar and continue to grow further.
But I am still sure that Polkadot project is worthy of attention and investment, apparently it has people who are interested in popularization and will promote it.

As I said before Polkadot currently doesn't seem to be having any good moves, at the time bitcoin touched $73K, polkadot just wasn't showing any good moves. If you say polkadot, it's still worth it but I'd rather use my money to invest in solana than polkadot. Because Solana is showing good progress.

[MrSpasybo]

As I said before Polkadot currently doesn't seem to be having any good moves, at the time bitcoin touched $73K, polkadot just wasn't showing any good moves. If you say polkadot, it's still worth it but I'd rather use my money to invest in solana than polkadot. Because Solana is showing good progress.

It is true that Solana ecosystem is developing more strongly than Polkadot at the moment, but the need for cross-chain will return in the bull run and Polkadot will also return. I think that each token will have its own opportunity and moon time, and DOT will also have the opportunity to return and grow strongly in this cycle, bringing development to the Web3 trend and profits to investors.

The Cosmos ecosystem is also developing strongly, but the ATOM token has not been able to return to the race for token price. It seems that the cross-chain trend has not yet received cash flow and its tokens are still hidden gems in the crypto market 

[DAMKAR]

As I said before Polkadot currently doesn't seem to be having any good moves, at the time bitcoin touched $73K, polkadot just wasn't showing any good moves. If you say polkadot, it's still worth it but I'd rather use my money to invest in solana than polkadot. Because Solana is showing good progress.

In my opinion the top 10 coins are coins with more potential, polkadot is currently ranked 13th, still potential for investment, but when compared to Solana, I would also choose Solana.

[MrSpasybo]

In my opinion the top 10 coins are coins with more potential, polkadot is currently ranked 13th, still potential for investment, but when compared to Solana, I would also choose Solana.

SOL price has increased very strongly in the past time, but we should not continue to expect that SOL price will soon x10 and reach $2K because SOL's marketcap is already very large at ~$85.5B. On the other hand, DOT price can completely x10 in this cycle because DOT marketcap is only ~$13B.

If I had to choose at this time, I would tend to choose DOT over SOL. If I like Solana, maybe I will choose a few tokens in the Solana ecosystem such as PYTH or JUP.