The Polkadot (CRYPTO: DOT) cryptocurrency nearly reached $10 per token recently, peaking at $9.50 for a few minutes on Christmas Day. Since then, the official crypto network of the Web3 Foundation has backed down to $7 per token.

That short-lived jump was Polkadot's highest price reading since the summer of 2022. Whether priced at $10 or $7, recent prices are a big step down from the all-time record of $55 per token, just before the inflation crisis started in the fall of 2021. On the upside, today's Polkadot price is nearly double the multi-year lows of October 2023.

So Polkadot is taking a roller-coaster ride these days. Will the next turn be another sudden drop, or will investors be treated to one of those climbs that make you want to yell, "I can see my house from up here"?

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Source Fool.com