Posted 1/7/2024, 6:11:00 PM
Polkadot Price Drops Over 80% From 2021 Highs But Web3 Potential Still Intact
- Polkadot price recently peaked at $9.50 but has since fallen to around $7, after reaching an all-time high of $55 in 2021
- The 2022 crypto crash hurt Polkadot along with the broader crypto market sell-off
- Issues with related projects like Acala and some Polkadot parachains also damaged investor confidence
- But the economy and crypto markets seem to be recovering, and recent parachain auctions show continued developer interest
- At under $10, Polkadot looks cheap, and is purpose-built for the Web3 vision of more decentralized, secure online transactions