Polkadot ($DOT ) is showing promising signs today, up 7% in the last 24 hours to $6.26. However, it's important to keep things in perspective: DOT is still down 88% from its all-time high of $53.31, reached over two years ago.

This significant drop highlights the volatility and risks associated with cryptocurrency investments. On a positive note, DOT has been closing above its opening price about half the time, indicating some resilience. Nonetheless, the overall trend appears bearish.

While there might be short-term trading opportunities, long-term investors should proceed with caution. Remember to do your own research (DYOR) and this is not financial advice (NFA).

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