The function of $DOT is to realize a cross-chain platform for multi-chain interoperability, solving the problem of blockchain network isolation. It supports the collaborative work of different blockchains through a "relay chain + parallel chain" architecture. It features high scalability, a dynamic governance mechanism, and more. The market cap share is also decent, and from a fundamental perspective, it looks quite good.

From the perspective of wave theory, it is quite similar to Ripple.

The starting point of a wave must not be the starting point of a particular token or stock trend; it must be determined based on various rules and characteristics. Just as the high point in November 2021 was the end of the fifth wave, and certainly not the end of wave C, nor could it possibly be the end of wave two. The trend after 2022 is all an ABC adjustment to the previous blue line's five waves, and it has basically completed its adjustment. Moreover, the trading volume has begun to rise slowly, and it is highly probable that it will not return to this level in the future. Even if it slightly breaks the previous low, it will not disrupt the start of the next cycle; it will only be delayed slightly. #波浪理论