Some analysts believe that Polkadot "died" in 2021 due to its sharp decline in value from its all-time high of $54.98 on November 4, 2021, to approximately $6 in 2024, representing a loss of 88.96%. Throughout 2021, Polkadot was in a constant downtrend, with each peak and valley lower than the previous one. However, other experts believe that the project still has potential and that its ecosystem, especially its parachains, remains a viable alternative in the crypto world.

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