TL;DR
Despite its recent 14% decline to around $7, some analysts think Polkadot (DOT) has a huge potential to rally in the near future.
A potential bull run depends on technical advancements and overcoming certain support zones.
Is DOT a ‘Sleeping Giant?’
The blockchain protocol – Polkadot – has passed through numerous developments as of late, capturing the eye of many industry participants. Despite those advancements, though, its native cryptocurrency – DOT – has underperformed in the past month, registering a 14% decline and currently trading at around $7 (per CoinGecko’s data).
One person who praised Polkadot’s recent progress and outlined a bullish prediction for the token is the X user Dippy.eth.
“They are constantly building and delivering new updates – last