Is there anything happening anytime soon with DOT?DOT price has not had an impressive recovery, so it has not been able to receive the attention of investors like SOL has. However, if we follow Polkadot development, we can see that the project is developing strongly and can support more efficient cross-chain interaction in the future thanks to JAM.
Hi fellows, last I visited this forum, I found that the DOT team was sleeping on developments and marketing similar to that the community here on this forum is also sleeping these days, But I don't know why. Maybe most of the people took an exit from their DOT positions and holdings.
If you have any inner updates or analysis make sure to let me know, and let the entire community here know, trolls are also welcome haha, if we cant make profits we can make some fun moments with DOT.
Is there anything happening anytime soon with DOT?
No!I think DOT will not repeat the failure of EOS. EOS was abandoned by BlockOne and lacked the budget to develop the ecosystem, while Polkadot is still being actively developed by the Web3 Foundation with many recent updates. Web3 really could be the future, not just a narrative to create FOMO for Polkadot's ecosystem in bullrun 2021.
If we ignore details it's the same story as EOS but just one cycle later, it came trying to solve some problems this time bridges and it faded slowly away because well, there was little demand to use them at all since most were either doing only CEX trading or just swapping tokens, so....there you have it 90% down.
As for "development" lately it's just rebranding, trying to hop on the web3 thing when they were never actually a solution for that initially.
DOT team was heavily promoted by Binance as a cheaper and more efficient protocol than Ethereum, but after they achieved profits, they moved on to a second idea, just as happened with Shiba Inu and all the projects that started through Binance.
Hmm, Are you talking about the para chains event, well I know there was a super hype wave for DOT, but this is what I'm trying to ask here on this topic, is there any top development or marketing feature upcoming for the DOT ecosystem because if they'll still sleep on it I'm not sure DOT will survive after this cycle. In order to stay on the list you need to be a hot topic and DOT is not even targeting this.I sincerely hope that Polkadot's parachain technology will be widely adopted during the bullrun, thereby supporting DOT price on the market. I still believe that cross-chain is an inevitable trend of the crypto market and Polkadot can meet the needs of users with technology that has been developed and verified during crypto winter.
DOT is . but it should be more than that because now it's trapped in a tight range for a long time. TBH I'm not fully hopeless but I'm not expecting much from it as well. Haha i will bump this thread if DOT gets attraction of investors and shows some decent gains. Until now mostly there's a negative emotion as far i've read fellows comments.
Some Layer-0 projects can also compete with Polkadot such as Cosmos and LayerZero but with a lower degree of severity compared to other trends like Layer-1 and Layer-2. Although the sluggishness of the native token price is making many investors bored and disappointed, perhaps this is all in the calculation of the whales to force holders to give up potential tokens like DOT.
Let's see what is going to happen but haha now that you are supporting this project very much and I'm loving it someone thinks the same way as I do but keep in mind we should not get obsessed with any project this deep. I'm hoping for such a potential journey for DOT and to reach at least old ATH.I don't really idolize any projects or CEOs in this market, I invest to make a profit and Polkadot with parachains is a project that I'm interested in because it was very popular in the previous cycle and its potential has not yet been explored or utilized by the crypto community. Crosschain and Web3 are both major trends that Polkadot can lead and explode in this cycle.
I think DOT will not repeat the failure of EOS. EOS was abandoned by BlockOne and lacked the budget to develop the ecosystem, while Polkadot is still being actively developed by the Web3 Foundation with many recent updates.
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So they spent 75 millions in advertising to attract attention in the last 6 months.Without advertising, no one would invest in DOT, and their low rating in terms of market capacity means that the coin's future will end if it does not do something good in the coming months.
Coin is up 7.26% (1y).
For comparison, another coin that is getting hammered in the market and doesn't have that budget is cardano:
$0.3841 up 30.80% (1y)
Bitcoin is up 86.95%! What happens when the money is gone?
Without advertising, no one would invest in DOT, and their low rating in terms of market capacity means that the coin's future will end if it does not do something good in the coming months.This is different from Solana, where the team carries out project development that is significant enough so that Solana can be so successful and move significantly on the market. Meanwhile, Dot, this is really beyond expectations because this project is just like that and only relies on old investors on the market. Yes, even though Dot has actually experienced some progress, really, it can't be noticed by many people.
It is difficult to trust a project that has not risen when others have risen.
Without advertising, no one would invest in DOT, and their low rating in terms of market capacity means that the coin's future will end if it does not do something good in the coming months.
It is difficult to trust a project that has not risen when others have risen.
~Without advertising, no one would invest in DOT, and their low rating in terms of market capacity means that the coin's future will end if it does not do something good in the coming months.
It is difficult to trust a project that has not risen when others have risen.
Its a good project, decent investors but still lacking why ? because there's no latest major upgrades.
Lacked the budget?????BlockOne raised $4B in its 2017-2018 ICO but did not use the funds to develop Eos. All B1 has done is develop the EOSIO source code to run multiple blockchains such as Eos, Telos, Wax... The Eos community broke away from B1 and has been self-developing under the leadership of ENF since 2021.
EOS raised 4.21 billion!!! It failed simply because there was no traction, you can spend trillions if people don't want to sue features, then those features are useless!
This is somewhat of a disease crypto developers don't understand, and it plagues every single coin, you can "develop" no matter how much you want if there is no actual usercase for it it doesn't matter what whitepapers and research and polls say, you won't get usage. Yeah, there are tons of things that look so great in there and could solve x and y but, people simply have no need for it!
BlockOne raised $4B in its 2017-2018 ICO but did not use the funds to develop Eos. All B1 has done is develop the EOSIO source code to run multiple blockchains such as Eos, Telos, Wax... The Eos community broke away from B1 and has been self-developing under the leadership of ENF since 2021.EOS seems to have been forgotten, so the crypto community has stopped following and knowing the latest news about the project and its ecosystem. This is normal since EOS was a failed token in 2021. The lack of funding and marketing strategy has prevented EOS from continuing to develop as it did in 2018.
I sincerely hope that with its financial resources and extensive relationships, Web3 Foundation can help Polkadot grow strong and make a comeback in this bullrun as a hub for cross-chain and Web3 trends. I think these are indispensable sectors in this market as we have more blockchains and need more reliable ways to interact.
The development of DOT seems to have stopped, it is not like solanan which always improves its project until solanan becomes the top 5 coins like now. The DOT dev team should be able to imitate the work progress of the BNB and Solana teams.Without advertising, no one would invest in DOT, and their low rating in terms of market capacity means that the coin's future will end if it does not do something good in the coming months.This is different from Solana, where the team carries out project development that is significant enough so that Solana can be so successful and move significantly on the market. Meanwhile, Dot, this is really beyond expectations because this project is just like that and only relies on old investors on the market. Yes, even though Dot has actually experienced some progress, really, it can't be noticed by many people.
It is difficult to trust a project that has not risen when others have risen.
We know that the development of a project or coin usually really depends on how the public takes the news. Yes, whether you like it or not, you have to keep being shy. while DOT pretty much stopped last season, in this season? This is really limited and its performance is also not as good as before. Surpassed by several other altcoins, especially Solana. So, it's quite difficult for Dot to progress faster than before.
Polkadot has enough funds but it also has a marketing problem, so the DOT price is still at the bottom despite many upgrades being implemented. I hope that the Web3 Foundation can have more partnerships to boost the value of DOT in the market and help Polkadot truly be useful for the overall development of the crypto market this season before it is also forgotten :)This is also my concern about DOT future as it has lost its popularity in the crypto market. Investors' attention is now focused on AI-tokens and memecoins instead of Web3 and cross-chain, and it is really bad for Polkadot and DOT token.