Is there anything happening anytime soon with DOT.

[Hamza2424]

Is there anything happening anytime soon with DOT?

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.

[MrSpasybo]

Is there anything happening anytime soon with DOT?

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.

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.

I believe that as the crypto market develops, the demand for cross-chain interaction will become extremely large and Polkadot can meet this need thanks to its unique parachain technology, which was highly valued in 2021. At that time, DOT price will also increase strongly and will not disappoint investors.

• What is JAM? Polkadot's Biggest Ever Upgrade Explained

[Yamane_Keto]

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.

[Crwth]

I don't think that it's being used as much as the other coins are and it's not as large in price as it was before. I think it has been volatility in recent days and maybe there are reasons why that's happening.

I think the type of product that DOT offers is not that attractive compared to the current RWA narrative that we have.

[Stompix]

Is there anything happening anytime soon with DOT?

No!
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.

[MrSpasybo]

No!
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.

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.

We will continue to follow the development of Polkadot and the price movement of DOT token. I like cross-chain and parachains tech, so I will always love DOT and have DOT on my watchlist! I hope DOT will create a new ATH in this cycle so as not to be considered a failed token.

[Hamza2424]

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.

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.

[MrSpasybo]

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.

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.

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.

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.

[Hamza2424]

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.

[MrSpasybo]

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.

My expectations for DOT are a bit higher: I not only expect the DOT price to return to its old ATH of 2021 but to continue to grow and reach $160 - $305 in this bullrun thanks to the strong growth of parachains ^^

[Stompix]

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.

Lacked the budget??
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!

[snowpega]

<snip>

Dear, you feel me highly bullish on PolkaDot. i almost read every post of this thread, as i am also been holding PolkaDot from long time. Dear, i know that PolkaDot is a very good project, but to be very honest, as my point of view, it is disappointing or frustrating many investors as it is still undervalued and stuck at the same point, and even below the point of entry from where I entered the market. But dear i also wish we all may see big rally in the PolkaDot coin very soon.

For now, PolkaDot is performing very poorly, maybe due to the market condition, but the fact that it has also not gained much value in the good market condition as well, it was also undervalued at that time. I did not experience the last bull season, and this is the first bull season of mine, so you may have more better idea than that of me.

[Stompix]

Bumping this because of the "development":

https://www.bloomberg.com/news/newsletters/2024-07-02/polkadot-s-37-million-outreach-offers-rare-look-at-crypto-spending-priorities
https://www.coindesk.com/business/2024/07/02/polkadots-245m-treasury-will-last-2-years-at-current-spending-rate/

So they spent 75 millions in advertising to attract attention in the last 6 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?

[Yamane_Keto]

So they spent 75 millions in advertising to attract attention in the last 6 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.
It is difficult to trust a project that has not risen when others have risen.

[sampoerna]

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.

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.

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.