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Polkadot Forum / Re: Polkadot Is Still Stable, Are You Think It Is Best Time To Invest Here?
« on: February 06, 2024, 11:05:35 AM »Well, I see the Polkadot Chart is currently in the accumulation zone. This means that the price of DOT has been moving sideways for a long time. Conditions like this are often exploited by traders to buy coins that have long been forgotten because they believe that these coins have the potential to rise significantly, so that when the price rises it will provide a lot instant profit.
Polkadot is one of tbe product of Ethereum fork but the new technology hasn't been receiving updates like other coins are getting or they are getting but not quite attention to embrace the attention of the public or some people are personally having beef with the chain. Remember, coins like Dot when they came out, the aim was ethereum killer but almost all of them didn't succeed.
The chart has been in accumulated zone for too long and I know that traders love to trade coin when it has been long forgotten. It possible to see a spike on candle chart but if there is no any hype that Polkadot can do, they can't do much on the price unless they do something like Airdrops that Solana chain is doing to revive back Sol.