Polkadot: THIS signals worrying signs for DOT – What should you do?

  • Social activity on the Polkadot network has decreased significantly in recent days.
  • Overall network activity also declined.

Polkadot (DOT) has been one of the L1s that has not seen as much growth as its peers. One reason for this is believed to be Polkadot’s declining popularity on social media platforms.

Speech in the street

AMBCrypto’s analysis of Santiment data revealed that Polkadot’s social volume has declined significantly. Additionally, weighted sentiment around DOT has fallen significantly.

Source: Santiment

Nevertheless, Polkadot is actively collaborating with a media agency to increase awareness of the network.

eVox, a media agency and content creator management company, has dedicated several months to advancing the Polkadot cause.

Currently, they aim to expand this outreach effort to CoinMarketCap.


It remains to be seen whether Polkadot’s efforts to improve its popularity can yield positive long-term results.

Looking at the price

DOT is also not doing very well in terms of price action. Since April 1, its price has fallen by 27.96%. During this period, DOT exhibited several lows and lower levels, indicating a downtrend.

Additionally, the CMF (Chaikin Money Flow) for DOT has increased slightly, implying that there may be a slight increase in money flow for DOT in the future.

However, the RSI fell to 42, implying that the bullish momentum has diminished significantly. DOT will need to retest the $7.598 level several times before it can begin its journey upward.

Source: Commercial View

As for the status of the protocol, the situation seemed quite dire. The number of active users on the Polkadot network has decreased significantly over the past 30 days.

The revenue generated by the network also declined during this period.

Read Polkadot (DOT) Price Prediction 2024-25

These factors suggest that not only is DOT not doing well in terms of pricing and social activity, but the overall strength of its ecosystem is also declining.

It could be difficult for the DOT to recover if things continue like this.

Source: Token Terminal

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Sara Adm

Aimant les mots, Sara Smith a commencé à écrire dès son plus jeune âge. En tant qu'éditeur en chef de son journal scolaire, il met en valeur ses compétences en racontant des récits impactants. Smith a ensuite étudié le journalisme à l'université Columbia, où il est diplômé en tête de sa classe. Après avoir étudié au New York Times, Sara décroche un poste de journaliste de nouvelles. Depuis dix ans, il a couvert des événements majeurs tels que les élections présidentielles et les catastrophes naturelles. Il a été acclamé pour sa capacité à créer des récits captivants qui capturent l'expérience humaine.
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