Why polkadot didn’t flaying like BNB!

[MrSpasybo]

It's true that every coin has its own way of attracting the attention of its users, in my opinion,
polkadot was also at the start of the list, highly sought after by crypto lovers and was left behind when the polkadot fomo faded
if polkadot has a collaboration with a new crypto there is a possibility that it will also have more value than now

I don't know what kind of relationship could help Polkadot regain its former popularity from the bullrun 2021. We used to talk about parachain auctions or the potential of Web3, but the crypto winter has rendered those narratives meaningless.

I still love Polkadot, but I'm really not happy with how Polkadot is marketed to the crypto community. The weak marketing has caused the DOT token to lose its competitiveness against other Layer-0 tokens such as ATOM, ONE and AVAX.

[TomPluz]

I don't know what kind of relationship could help Polkadot regain its former popularity from the bullrun 2021. We used to talk about parachain auctions or the potential of Web3, but the crypto winter has rendered those narratives meaningless. I still love Polkadot, but I'm really not happy with how Polkadot is marketed to the crypto community. The weak marketing has caused the DOT token to lose its competitiveness against other Layer-0 tokens such as ATOM, ONE and AVAX.

I used to make some money with DOT back on the time when I bought some when the price was lower and it made some significant gains...but right now it seems to be lacking the excitement compared to its peers. There must be some things that people behind DOT must do and explore to make it more palatable again...and so far nobody can sure what would be the steps they should be taking. Still, I know the potential of DOT myself and I am still supporting it but we need to inject more energy on it to make it so competitive again.

[MrSpasybo]

I used to make some money with DOT back on the time when I bought some when the price was lower and it made some significant gains...but right now it seems to be lacking the excitement compared to its peers. There must be some things that people behind DOT must do and explore to make it more palatable again...and so far nobody can sure what would be the steps they should be taking. Still, I know the potential of DOT myself and I am still supporting it but we need to inject more energy on it to make it so competitive again.

It's unfortunate that DOT price just retested the $3.6 bottom as the market panics over fears of an impending decession. This is truly disappointing and has angered many investors who are suffering significant temporary losses due to their trust in Polkadot and the Web3 Foundation. The efforts of the Polkadot team have been insufficient to make DOT more attractive to investors and worthy of a slot in their portfolios.

Cross-chain and Web3 trends could be what Polkadot needs to jump back into the price rally, but currently, that's not happening. Polkadot still has the potential to operate as a Layer-1 and aim to serve other major trends in the market like AI, DeFi, GameFi, Launchpads... to attract users. I don't even see memecoin trends spreading to the Polkadot ecosystem @@

[TomPluz]

It's unfortunate that DOT price just retested the $3.6 bottom as the market panics over fears of an impending recession.
This is truly disappointing and has angered many investors who are suffering significant temporary losses due to their trust in Polkadot and the Web3 Foundation. The efforts of the Polkadot team have been insufficient to make DOT more attractive to investors and worthy of a slot in their portfolios.

Very disappointing, indeed. Investors, hodlers and supporters of DOT were convinced of its big potential in the cryptocurrency market and expected it to be a big leader in this field...but it has had been stagnant for a long time and its dev team are not able to introduce new innovations that can help the coin gain more mileage and goodwill in the expanding and competitive crypto market. So sad to see this thing happening to DOT. Now, am still hoping that DOT can get back to its feet and claim its right and its deserved destiny to be a top coin with the support of its community.

[Hamza2424]

Haha.. Seems like I've missed this topic.. anyway the answer to the title is because BNB is BnB and DOT is DOT haha, a serious answer is BNB was and is backed by the BNB chain which is way more developed in terms of ecosystem, and DApps compared to DOT. At the same there's heavy marketing by Binance Labs for BNB at the same time DOT's marketing is RIP.

[dekafee79]

Haha.. Seems like I've missed this topic.. anyway the answer to the title is because BNB is BnB and DOT is DOT haha, a serious answer is BNB was and is backed by the BNB chain which is way more developed in terms of ecosystem, and DApps compared to DOT. At the same there's heavy marketing by Binance Labs for BNB at the same time DOT's marketing is RIP.

BNB is supported by binance exchange which is the biggest exchange, so there is no doubt that BNB is a good coin and very popular. While polkadot does not experience development from its team, this makes polkadot start to be abandoned by its fans.

[erus]

Looking at my opinion why Polkadot doesn't fly like BNb is because Polkadot doesn't have a centralized Exchange, while BNB has an exchange like Binance which has been widely used by all investors and has been downloaded on the Playstore by hundreds of thousands of people. Basically, the use of BNB coins is widely used than Polkadot coins which only rely on the network.

[dekafee79]

Looking at my opinion why Polkadot doesn't fly like BNb is because Polkadot doesn't have a centralized Exchange, while BNB has an exchange like Binance which has been widely used by all investors and has been downloaded on the Playstore by hundreds of thousands of people. Basically, the use of BNB coins is widely used than Polkadot coins which only rely on the network.

You are right, BNB is always supported by Binance as the largest exchange that always has a way to maintain and support BNB. While polkadot does not have a strategy like binance, but I am sure that over time the DOT team will also have an exchange, we will see in the future.

[MrSpasybo]

You are right, BNB is always supported by Binance as the largest exchange that always has a way to maintain and support BNB. While polkadot does not have a strategy like binance, but I am sure that over time the DOT team will also have an exchange, we will see in the future.

I'm not sure about the Web3 Foundation introducing its own CEX to support DOT token. Building a CEX isn't the job of a blockchain project, instead, a CEX can build its own blockchain based on existing technologies. For example, Binance has BNB chain, OKX has OKchain, Huobi has Hecochain, and Coinbase has Base.

It's true that DOT doesn't have much real-world value for users yet. The main driver behind DOT price increase during the bullrun 2021 was parachain auctions, but this is no longer relevant now. I can only hope that the demand for cross-chain and Web3 apps will increase in the coming months to boost the use of DOT, creating buying pressure in the market and triggering a price increase for DOT, making it as attractive to investors as BNB has been.

[erus]

Looking at my opinion why Polkadot doesn't fly like BNb is because Polkadot doesn't have a centralized Exchange, while BNB has an exchange like Binance which has been widely used by all investors and has been downloaded on the Playstore by hundreds of thousands of people. Basically, the use of BNB coins is widely used than Polkadot coins which only rely on the network.

You are right, BNB is always supported by Binance as the largest exchange that always has a way to maintain and support BNB. While polkadot does not have a strategy like binance, but I am sure that over time the DOT team will also have an exchange, we will see in the future.

As far as I know, creating an Exchange is quite difficult because it can be seen from the security factor, regulations, user friendly and various licenses that must be taken from the rules of the country where the exchange operates. If Poldaot is able to create an exchange then Polkadot certainly has everything I have mentioned but I have noticed that until now for updates from Polkadot there is no high hype.

[Report]

As far as I know, BNB has its own exchange, namely Binance Exchange. The use of BNB coins on the Binance exchange also greatly affects the increase in the price of BNB, for example: BNB is used for transaction fees for buying and selling trades, BNB is used for Launchpool or Launchpad. While Polkadot coins do not have an Exchange and I think Polkadot's weak point is in that part which is very different from BNB.

[MUGNIA]

It's true that every coin has its own way of attracting the attention of its users, in my opinion,
polkadot was also at the start of the list, highly sought after by crypto lovers and was left behind when the polkadot fomo faded
if polkadot has a collaboration with a new crypto there is a possibility that it will also have more value than now

I don't know what kind of relationship could help Polkadot regain its former popularity from the bullrun 2021. We used to talk about parachain auctions or the potential of Web3, but the crypto winter has rendered those narratives meaningless.

I still love Polkadot, but I'm really not happy with how Polkadot is marketed to the crypto community. The weak marketing has caused the DOT token to lose its competitiveness against other Layer-0 tokens such as ATOM, ONE and AVAX.

What can we do as DOT owners, we want to hope for more but the devs have no enthusiasm to increase the price, if we have to let go I think it's quite a shame, holding on is the main key here until there is a miracle like DOGE which can touch a new ATH with just one tweet from Elon

[KryptoBull]

As far as I know, BNB has its own exchange, namely Binance Exchange. The use of BNB coins on the Binance exchange also greatly affects the increase in the price of BNB, for example: BNB is used for transaction fees for buying and selling trades, BNB is used for Launchpool or Launchpad. While Polkadot coins do not have an Exchange and I think Polkadot's weak point is in that part which is very different from BNB.

As you said, BNB's future and success are guaranteed by the extremely large Binance ecosystem, while Polkadot is only supported by Web3 and crosschain trends. When each ecosystem in the market is still facing difficulties, the demand for crosschain interaction will not be large enough and Polkadot will be forgotten.

If Polkadot cannot bring new values, it may no longer be noticed by investors in this season. Investors no longer believe in what Polkadot mentions about technology or the future, they just need to see the price increase and if DOT cannot meet that, it will be removed from the portfolio.

[rizqillah]

It's true that every coin has its own way of attracting the attention of its users, in my opinion,
polkadot was also at the start of the list, highly sought after by crypto lovers and was left behind when the polkadot fomo faded
if polkadot has a collaboration with a new crypto there is a possibility that it will also have more value than now

I don't know what kind of relationship could help Polkadot regain its former popularity from the bullrun 2021. We used to talk about parachain auctions or the potential of Web3, but the crypto winter has rendered those narratives meaningless.

I still love Polkadot, but I'm really not happy with how Polkadot is marketed to the crypto community. The weak marketing has caused the DOT token to lose its competitiveness against other Layer-0 tokens such as ATOM, ONE and AVAX.

What can we do as DOT owners, we want to hope for more but the devs have no enthusiasm to increase the price, if we have to let go I think it's quite a shame, holding on is the main key here until there is a miracle like DOGE which can touch a new ATH with just one tweet from Elon

If you have polkadot  in your wallet, you should still hold mate. because it is likely that next year the price of DOT will increase.
We don't have to wait for Elon's tweet like what was done with DOGE, but I read in some senior groups suggesting to buy DOT, so I think DOT has the potential to increase.

[Vx1]

We are all know that BNB price raising too much & they have own blockchain platform, which is Binance smart chain (BSC). Lots of new project interested to add with BSC because of low fee than ETH. And most important think is BNB is a totally complete project but polkadot till lot of work left. Latest update coming of Polkadot in Q2 & Q3. When polkadot completely updated then polkadot Will be pump like BNB.

Competition in crypto is very tight, whoever provides the best service will be chosen by the community. The more people who choose, the more market demand will increase and the price will rise. If you compare BNB and Polkadot, of course I will choose BNB too. Because clearly the future potential of BNB is better than Polkadot.