Your expectations for Polkadot in 2024

[Stompix]

Yeah, luckily DOT is still holding its ground in the market. It's not forgotten, it's still being developed and mentioned in crypto media. That presence helps strengthen the belief of DOT holders despite the recent terrible price drop.

You do realize that holding its ground and terrible price drop in the same phrase about a coin are a bit contradictory, right?
I know you hold these coins while I do not, so obviously biased way of viewing things but a coin that benefits from a bull run only to dump immediately after it's over is hardly a coin in which development or adoption matter and more simply speculation.
3.5 pump to ten dollars then dump to 4.5, I woundn't want to be holding that for a long time.

[MrSpasybo]

You realize that holding its ground and terrible price drop in the same phrase about a coin are a bit contradictory, right?
I know you hold these coins while I do not, so obviously biased way of viewing things but a coin that benefits from a bull run only to dump immediately after it's over is hardly a coin in which development or adoption matter and more simply speculation.
3.5 pump to ten dollars then dump to 4.5, I woundn't want to be holding that for a long time.

When talking about price drops, we compare the current DOT price to its ATH from the previous cycle. Conversely, when I say DOT remains a top coin, I'm referring to its market cap still being around the #21 position. They're not contradictory: even though the DOT price has fallen significantly, it's still one of the top coins in this market.

I also don't want to suffer losses from DOT, and I've considered selling DOT to go back to BTC, but I think the amount of DOT I hold is only a few hundred $, and switching to BTC won't bring me much profit even if BTC reaches $150K this cycle. I'd rather bet on DOT success for the rest of this year.

[Stompix]

~

When talking about price drops, we compare the current DOT price to its ATH from the previous cycle. Conversely, when I say DOT remains a top coin, I'm referring to its market cap still being around the #21 position. They're not contradictory: even though the DOT price has fallen significantly, it's still one of the top coins in this market.

It was #11 at the start of the last year
https://coinmarketcap.com/historical/20240101/

Other than Polygon/Matic they have suffered the biggest setback of all top 20 coins.
And if you run the numbers against inflation corrected USD price, you're not going to like the outcome at all 

[MrSpasybo]

It was #11 at the start of the last year
https://coinmarketcap.com/historical/20240101/

Other than Polygon/Matic they have suffered the biggest setback of all top 20 coins.
And if you run the numbers against inflation corrected USD price, you're not going to like the outcome at all 

I also know that the DOT price has dropped sharply and the DOT marketcap as well, but I still maintain an optimistic attitude when observing DOT price movements. DOT position in the market is still not too bad, at least from my point of view. The opportunity for DOT to return in this cycle is still there since we haven't even entered altseason yet.

Many DOT holders have abandoned DOT for other more attractive tokens, but I'm still staying with the Polkadot ecosystem and choosing a positive mindset instead of a negative one with the market. If DOT needs more time to accumulate, I'll let it have enough time before making an impressive price surge in altseason ^^

[snowpega]

I also know that the DOT price has dropped sharply and the DOT marketcap as well, but I still maintain an optimistic attitude when observing DOT price movements. DOT position in the market is still not too bad, at least from my point of view. The opportunity for DOT to return in this cycle is still there since we haven't even entered altseason yet.

Many DOT holders have abandoned DOT for other more attractive tokens, but I'm still staying with the Polkadot ecosystem and choosing a positive mindset instead of a negative one with the market. If DOT needs more time to accumulate, I'll let it have enough time before making an impressive price surge in altseason ^^

I feel good after reading your post, as I am also the one who is holding DOT from the bear market time, and I am still accumulating it in the current price zone. Well mate, what are your expectations with it? Like, will it make a new all-time high in this altcoin season? But one more thing to notice here: I don't know why DOT keeps us waiting more. Don't you think it's now kinda late, or it should have pumped according to the investors or holders expectations?

Well, we should atleast hope for the best haha, and honestly, I feel relaxed now, like there are DOT holders like you and me still standing with it!

[MrSpasybo]

I feel good after reading your post, as I am also the one who is holding DOT from the bear market time, and I am still accumulating it in the current price zone. Well mate, what are your expectations with it? Like, will it make a new all-time high in this altcoin season? But one more thing to notice here: I don't know why DOT keeps us waiting more. Don't you think it's now kinda late, or it should have pumped according to the investors or holders expectations?

Well, we should atleast hope for the best haha, and honestly, I feel relaxed now, like there are DOT holders like you and me still standing with it!

I don't have the exact numbers, but I believe Polkadot has quite a global fanbase thanks to its cross-chain technology. It's at least enough for DOT to not fade into oblivion this bullrun, especially since the Web3 Foundation has been trying hard to change how the crypto community views Polkadot.

Clearly, Polkadot needs to improve a lot of features, like having its own Layer-1, not just a Layer-0 dependent on users and investors cross-chain asset transfer needs. Parachain auctions used to be the main driver pushing DOT price up in the previous cycle, but it can't be reused in this cycle to push DOT price to a new ATH.

Hope that DOT won't let us down!