It hasn't gone into bull mode like BTC has, is there a reason?
What do you think about the future price of Polkadot?
What do you think about the future price of Polkadot?
I guess Polkadot hasn't brought the attention of mainstream investors yet. They're focused on the spot Bitcoin ETFs and the upcoming halving event in 2024. Besides that, investors are putting their money into rival smart contract blockchains such as ETH and SOL, leaving DOT behind in the dust. I've used to wonder why, especially when Polkadot has promising tech behind it. Parachains and Polkadot's modularity should make it one of the most scalable blockchains in the world. It could've challenged SOL and BSC by now.
Maybe the upcoming Polkadot 2.0 upgrade will make things better? If not, don't expect prices to rise anytime soon. I'd invest a small amount of money into DOT just to be safe.
I think dot2.0 has certain features that will allow it to scale into the market a little and it could impact its price as well. The feature of block space allocation is something that can make a huge impact because it will ease the process of new projects entrance into the polkadot ecosystem. The polka dot new update will potentially help it to enter web 2.0 and even web 3.0 frameworks.
I think these updates will enable the developer to avoid any kind of design problem that will arise in future. It will ultimately lead to the price hype of polka in the near future. This project has not done well in the past but I think it's better to invest some assets in polka to have a safer site.