Polkadot (DOT) has dropped 10.57% since October last year.
ETH, ADA, and SOL have outperformed ADA in the past year.
DOT rose to an ATH of $55 when the popularity of parachains was at peak.
Polkadot (DOT), a leading blockchain project built on the concept of parachains, may be approaching a breakout and could outperform its rivals Ethereum (ETH), Solana (SOL), and Cardano (ADA) in 2025.
Data from CoinMarketCap shows DOT’s performance in the past few days has been underwhelming. The cryptocurrency fell 5.12% in the past 24 hours and is trading at $3.95, following a 3.92% decline in the last seven days. Over the last 30 days, DOT has dropped 6.18% and is down 92.82% from its all-time high of $55, reached in the 2021 bull market.
DOT’s market cap has dropped to $5.98 billion from an all-time high of $53 billion. At the time of this report, the digital asset’s trading volume is $161.6 million, up 26.58% in the past 24 hours. Since October of last year, DOT has fallen a massive 10.57% and is one of the worst-performing blue-chip tokens of this cycle.
Read also: A Tale of Two Cryptos at $70K: Bitcoin vs. Ethereum
ETH has also declined 5.29% and is …
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