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.

[JoyMarsha]

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.

I agree with you because it is possible that Polkadot can give much more profit than Solana if both are invested with the same amount because already, Solana has a huge marketcap compared to Polkadot.

Polkadot has the same possibility of giving their investors profits as those investing in Solana are anticipating potential profits from their investment made

[MrSpasybo]

I agree with you because it is possible that Polkadot can give much more profit than Solana if both are invested with the same amount because already, Solana has a huge marketcap compared to Polkadot.

Polkadot has the same possibility of giving their investors profits as those investing in Solana are anticipating potential profits from their investment made

I hope the Web3 trend will return soon and not disappoint us. Cross-chain may no longer be a hot trend in this cycle because many blockchains are interacting with each other through fairly secure bridges and users do not need a separate solution like Parachain or IBC. Polkadot and Cosmos will need to find a more interesting narrative to return in this cycle.

Currently DOT price is returning to the bottom of the crypto winter. This really surprised and disappointed me. I don't dare think about taking this opportunity to accumulate more DOT, I choose ETH to balance between profit and safety in this sensitive period of the market.

[vegasus]

Ah, it's a sad that DOT has to be replaced by several altcoins. Even though this is a very potential coin, I have several, but unfortunately this coin doesn't have much progress now, and the community is starting to switch to other more promising projects. However, that doesn't mean that DOT has no future anymore, right? I hope that DOT can at least go up to $10, I'm already quite grateful for that

[MrSpasybo]

Ah, it's a sad that DOT has to be replaced by several altcoins. Even though this is a very potential coin, I have several, but unfortunately this coin doesn't have much progress now, and the community is starting to switch to other more promising projects. However, that doesn't mean that DOT has no future anymore, right? I hope that DOT can at least go up to $10, I'm already quite grateful for that

As a DOT holder, I can't be happy seeing the DOT price drop to the bottom again, but at least I'm not so dissatisfied or hate the Web3 Foundation. The crypto market has many things beyond our predictions, old trends are often replaced by new trends in the market every 4 years. Cross-chain is a good initiative but it can't fight market laws.

I believe that altseason is still ahead and DOT still has a chance to recover and grow strongly this year. It remains one of the most potential tokens that long-term investors can think of because it has its own ecosystem, solutions and a fairly large community. $100 should be our target instead of $10 as you expect ^^

[vegasus]

Ah, it's a sad that DOT has to be replaced by several altcoins. Even though this is a very potential coin, I have several, but unfortunately this coin doesn't have much progress now, and the community is starting to switch to other more promising projects. However, that doesn't mean that DOT has no future anymore, right? I hope that DOT can at least go up to $10, I'm already quite grateful for that

As a DOT holder, I can't be happy seeing the DOT price drop to the bottom again, but at least I'm not so dissatisfied or hate the Web3 Foundation. The crypto market has many things beyond our predictions, old trends are often replaced by new trends in the market every 4 years. Cross-chain is a good initiative but it can't fight market laws.

I believe that altseason is still ahead and DOT still has a chance to recover and grow strongly this year. It remains one of the most potential tokens that long-term investors can think of because it has its own ecosystem, solutions and a fairly large community. $100 should be our target instead of $10 as you expect ^^

True, even though DOT used to have very good performance, it's just that this season, it's really dropped and its development is very different from other altcoins. Ahhh, what a shame, if you want to sell now, you will definitely only lose. But yes, there are still many who believe that DOT will be able to rise again. At least if it can go up over $10, wouldn't that be much better? But yes, no one can predict accurately, just hope.

Now the price of DOT is around $4.37, it has dropped even more compared to its purchase price, and this is still up and down, it's just that it has dropped very naturally. Fortunately, the market cap is still quite good so it is ranked #22 and the trading volume is still quite good.

[MrSpasybo]

True, even though DOT used to have very good performance, it's just that this season, it's really dropped and its development is very different from other altcoins. Ahhh, what a shame, if you want to sell now, you will definitely only lose. But yes, there are still many who believe that DOT will be able to rise again. At least if it can go up over $10, wouldn't that be much better? But yes, no one can predict accurately, just hope.

Now the price of DOT is around $4.37, it has dropped even more compared to its purchase price, and this is still up and down, it's just that it has dropped very naturally. Fortunately, the market cap is still quite good so it is ranked #22 and the trading volume is still quite good.

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.

Even though I sometimes regret not choosing DOT instead of BTC, I really hope I'll have the chance to celebrate holding DOT through the tough times and making huge profits from DOT. If that happens, maybe I'll create a topic on AltcoinsTalks to share my experience of hold to triple dip then top ^^