🚨 The Fallen King! Once hailed as the next Ethereum, why has Polkadot fallen to the bottom? 🚨

Do you remember the dream of $100 DOT?

Now, in May 2025, the price of Polkadot hovers around $4.65. The former glory seems to be just a memory.

🎢 From Peak to Valley: How did the dream shatter?

2021: A surge of excitement, anything seemed possible.

Parallel chain design, Kusama experimental network, smart contract integration... The technical concepts were thrilling.

Gavin Wood's vision made countless people believe: This is the future of Web3.

However, ideals were lofty, but reality was harsh.

❄️ 2022–2024: Bear Market + Cooling Down + Stronger Competitors

The market underwent a reshuffle, and Polkadot's complex mechanism became a “barrier” rather than an “advantage.”

Competitors like Solana and L2 quickly rose with speed and simplicity.

NFTs, gaming, and meme coins surged wildly, while DOT lacked hot participation.

⚙️ 2025: Technological upgrades, but lack of spark.

Polkadot 2.0 launched, bringing improvements in flexibility and scalability.

Core projects like Moonbeam and Acala remain active, with financial conditions warming up.

However, market feedback is lukewarm, the excitement is gone, and innovations no longer “astonish.”

📉 Can the dream of $100 DOT still be realized?

Reality check: Extremely difficult.

With the current trend, the market generally expects a price of $7–$15; even in a bull market, $20 would be hard to achieve.

Unless there is a truly disruptive breakthrough, $100 looks more like a past illusion.

🧠 Reflection is more important than regret.

Polkadot is not a failure; it has just been slowed down by reality.

It is still a valuable project with a technological foundation—but it has not fulfilled its promise of “changing the world.” At least not yet.

💬 What projects do you still cling to that once filled you with hope?

And which ones have you already given up on, yet are quietly reviving?