As cryptos continue to collapse, it’s got me thinking quite a bit about how altcoins are going to perform – more specifically, those that I hold as part of my personal portfolio.
DOT is one of these altcoins, and Polkadot is one of the few altcoins that stands a solid chance of surviving the remainder of the bear market.
Although DOT’s price action hasn’t been that pretty (and you’ll see why in the video), Polkadot has continued to attract lots of institutional attention, and has penned a few serious partnerships over the last few months that I won’t spoil here. More importantly, many Polkadot projects have seen tens of millions of dollars in funding.
The real question is whether all of this activity will translate to more demand for DOT in the future. Right now one of Polkadot’s only demand drivers is its ongoing parachain slot auctions which are attracting less and less capital. DOT isn’t used to pay for transaction fees on parachains, so it has to rely on use cases they create for demand.
As you’ll see, it’s a bit of a mixed bag, but make no mistake – if DOT continues to fall, I might just start accumulating more…
⛓️ 🔗 Useful Links 🔗 ⛓️
► Celsius About: https://celsius.network/about-us
► Polkadot Parachains: https://parachains.info/#!
► Polkadot Apps: https://polkadot.js.org/apps/#/staking
► Polkadot Statistics: https://polkastats.io/
► Polkadot Project Liberty: https://www.coindesk.com/business/202…
► Polkadot 2.0 Details: https://wiki.polkadot.network/docs/le…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.