I purchased DOT at around $14, and when it hit $55, my portfolio was value about $300,000. However I didn't sell something. As an alternative, I staked all of it. Now, virtually five years later, the worth is down 99% from the highest.
I've realized that no venture can really battle the market momentum. Right now, AI is sucking up all the capital, and with the Fed chopping rates, things are even more difficult. For DOT to return again, we either need an enormous market development or the Polkadot ecosystem needs to launch a groundbreaking AI product.
One thing I need to mention: setting a hard cap at 210 million DOT is an effective transfer. If inflation is greater than demand, the worth will just maintain falling. Nevertheless, the Polkadot Treasury retains selling DOT, which additionally pushes the worth down. For my part, the Treasury can purchase again some DOT when the worth is low, as an alternative of simply promoting it all the time.
By the best way, I really like polkadot.
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