CandleFocus Polkadot (DOT) Eyes Breakout in 2025, Outperforming ETH, SOL, and ADA
2024-11-01
Author: Content Editor
The article discusses the recent performance of Polkadot (DOT) compared to its rivals Ethereum (ETH), Solana (SOL), and Cardano (ADA). DOT has seen a decline in value, with a 5.12% drop in the past 24 hours and a 3.92% decline in the last seven days. The cryptocurrency's market cap has also dropped, and it is down 92.82% from its all-time high. However, there is potential for DOT to outperform its rivals as Polkadot 2.0 is set to launch, which will introduce deflationary pressure to the ecosystem. The article includes a price analysis suggesting that DOT may face further price crashes if buying volume does not increase.
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