I have been observing the Polkadot project for a long time, and it indeed had its glorious moments. Now, in the bear market, it has fallen quite hard; when the bull market comes, a doubling or tripling is not impossible, but no one can guarantee such predictions. The biggest competitor of Polkadot is Ethereum, but the low transaction fees of Ethereum have ironically become a disadvantage, causing the tokens to lack speculation space, and the price has been stagnant. In contrast, Polkadot's ecosystem construction is more solid, after all, the founder is a former technical giant from Ethereum, and the technical strength is undeniable.
However, I have always been skeptical about its cross-chain functionality. Who would dare to cross chains casually now? The security issues are too concerning. Unless Web3 truly explodes in the future, the actual demand for cross-chain technology is questionable. Currently, a market cap of 6.4 billion dollars is neither high nor low, but the problem is that it can be infinitely inflated, and the foundation has long stopped working effectively; I definitely will not touch such a coin.
Those who bought at high prices have basically no hope of breaking even. Those who bought above $30 will never get their money back in this lifetime, and those who bought at $20 also have little hope; those who bought around $10 do have a chance. But even if they break even, what’s the point if there is no profit? For novice investors, I suggest the simplest method is to look at the weekly chart. Buy when the price moves in a straight line, and sell when there is a clear peak. Never rush in during a price surge; instead, quietly position yourself when the market is quiet. Mastering this basic method will help you avoid most traps that inexperienced investors fall into.
For the upcoming layout direction, I will guide everyone to target the lucrative opportunities in altcoins, with expected gains of over 10 times being quite feasible. Like and leave a comment, and I will help you layout the entire bull market!