The Polkadot (CRYPTO: DOT) cryptocurrency has taken a beating in recent years. Once trading at a lofty $55 per token with a total market value of $53 billion, the official crypto of the Web3 project ran into an inflation-flavored brick wall. These days, the token properly named DOT but often known by the friendlier name of the whole Polkadot ecosystem trades at just $5.70 per token.
But the dramatic price drop does not spell the end of the ride for Polkadot and its investors. The key to understanding Polkadot's ability to bounce back lies in its fundamental role in the Web3 reform. Thanks to its pole position at the forefront of the next internet generation, Polkadot looks quite capable of regaining and even surpassing the $20 mark.
Let me show you how.
Source Fool.com