Post
Topic
Board Altcoin Discussion
Re: Is it good to invest Dot for long term? What are your thoughts about Polkadot?
by
GreatArkansas
on 13/07/2022, 02:56:22 UTC
So I have been reading about this Polkadot para chain for the last couple of days. I can see this Polkadot is massively grown parachain and there is much more to come. Sp Dot price now is at a good point. So I want to know whether it is good to invest or DCA Dot? Or do I need to just wait till the breakout shows in Dot?
Every altcoin is on sale now, especially the top, this Polkadot I was also a fan of this when they started their parachain auctions but when the dumps started, even this altcoin was also devastated.
For me, Polkadot is still early. With these dumps, expect that the short term is not good for most of the altcoins, especially this Polkadot, there are no excuses for sure.
But in long term, I want to see Polkadot excel, especially in DeFi, there are already operating platforms under Polkadot in terms of DeFi and it is a good start.