Hello, dear readers! Today, let’s delve into the journey of $DOT, the native cryptocurrency of the Polkadot network.

Launched in 2020 by Ethereum co-founder Gavin Wood, Polkadot aims to enhance blockchain interoperability, enabling diverse blockchains to transfer messages and value in a trust-free fashion. $DOT serves multiple roles within this ecosystem: it facilitates governance, staking for network security, and bonding to connect new parachains.

Historically, $DOT has experienced significant price fluctuations. In early 2021, it reached an all-time high of approximately $55, driven by increased adoption and speculative interest. However, the subsequent years saw a decline, influenced by market dynamics and broader economic factors. Notably, in November 2024, $DOT has been on an upward trajectory, with a price of $5.84, representing a 7.04% increase in the last 24 hours. 

Fast forward to November 2024, $DOT has been on an upward trajectory. Following the U.S. presidential election, where Donald Trump secured victory, the cryptocurrency market experienced a surge. $DOT, in particular, saw a remarkable increase, reaching $5.84. This surge is attributed to investor optimism regarding potential regulatory leniency under the new administration. Speculations about the resignation of SEC Chairman Gary Gensler and the possible introduction of an $DOT ETF have further fueled this bullish sentiment.