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Polkadot Is Still Down More Than 50%. Should You Buy the Dip?
Polkadot's price has soared lately, but is it a real comeback or just a temporary blip? Find out what's driving the coin higher in the long run -- and what might hold it back.
The Polkadot (CRYPTO: DOT) cryptocurrency is roaring these days. The native coin of the Web3 Foundation gained 51.3% from April 9 to May 12.
But the picture changes if you zoom out a bit. This jump is actually just a small recovery from a deep dip. The coin's price is still down 52.6% from December's 52-week peak. It's also more than 90% below Polkadot's all-time highs, recorded just before the inflation panic started in November 2021.
Is Polkadot stuck in a long-term downtrend, or is this crucial Web3 component poised for a big comeback? Let's find out.
