The well-established cross-chain interconnection project $DOT was launched in 2019, focusing on connecting various blockchains to enable communication between them. This thing peaked at $55 and has now dropped to $3.5, with a market cap of $5.4 billion, ranking in the top twenty. Its relay chain + parallel chain architecture indeed has some merit, allowing secure data transmission between different chains, and recently they have been working on some on-demand payment parallel threads.
Polkadot's technical foundation is indeed solid, but the ecological development has been too slow in the past two years, lagging behind competitors like Cosmos. The advantage is that the team is still continuously developing, and if they can introduce some new innovations in this year's parallel chain slot auctions, it could lead to a surge.
The risk is that the DOT token can be infinitely issued, with a 10% annual inflation, making the price susceptible to dilution. At this price point, it is considered low, and holding it long-term shouldn't be a problem, but if you hope to get rich quickly, don't count on it; this project is more suitable as a blockchain infrastructure allocation, with low volatility that suits conservative players.
Short-term speculation depends on whether the parallel chain ecosystem can explode; otherwise, it is just going to follow the general market trends. Trying to struggle alone will never lead to opportunities, so follow me closely to discover tenfold potential coins! Holding top-tier primary market resources!
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