Polkadot (DOT) Could Rise by 1 to 2 Times After a Long Bear Market

Polkadot, a project aiming to connect blockchains, has indeed had its shining moments, especially after a long bear market. It's possible to see a bull market rise by 1 to 2 times from here, but this is not guaranteed.

Astro Boy, Polkadot's competitor, is known for being clean and efficient. Using its chain does not require consuming Astro Boy, which may be why it has been criticized by the community and has not risen. There are no benefits to buying it, and there is no room for speculation, making it very simple.

Polkadot's ecosystem is still quite good, and it's a bit better than Astro Boy's. The main reason is that the founder is impressive, as he was the former CTO of Ethereum. From a technical perspective, there are no issues with Polkadot.

However, its prospects lie in cross-chain technology, which is risky and may not appeal to many people. Personally, I don't really dare to cross chains as I fear losing coins after being attacked.

Does this cross-chain technology really have a large-scale prospect? Currently, it's hard to say. Of course, if the virtual world of Web3 really opens up, then this cross-chain application will be significant.

Currently, the market value of $DOT is 6.4 billion, but as it stands, this valuation is neither high nor low, considering it's an infinitely inflationary coin, and the foundation has long since laid back with the young models. I certainly won't be buying any $DOT.

If you bought $DOT above $30, don't expect to break even in this lifetime. If you bought above $20, the chance of breaking even is less than 50%. But if you bought around $10, breaking even should not be a problem, and I hope you can break even in the next bull market.

However, what is the point of breaking even if you don't make a profit?

If you don’t understand anything and just want to buy in a bear market and sell in a bull market, then learn this trick: open the software, set it to weekly, then zoom out, and when it’s in a straight line, buy in. Sell out at the peaks in the valleys.

Don’t rush in when it’s at a peak; instead, dive in when it’s in a straight line.

If you can understand this point, you have already defeated countless retail investors.