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Can Polkadot Reach $100?

TheMotleyFool

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Like most cryptocurrencies, Polkadot (CRYPTO: DOT) has been a volatile name over the last year. The multichain blockchain development protocol's core token has largely followed the ups and downs of cryptocurrency grandpa Bitcoin (CRYPTO: BTC), but each swing was just a bit wilder than Bitcoin's. Over the last 52 weeks, that action added up to a 43% price drop versus Bitcoin's 20% swoon. For your reference, the S&P 500 (SNPINDEX: ^GSPC) market index traded almost exactly sideways over the same period: