Why Crypto Polkadot Fell 1.2% Today

In what was a generally positive day for cryptocurrencies overall, Polkadot (CRYPTO: DOT) fell 1.2% over the last 24 hours as of this writing. In the last five days, the crypto is down 5.5% as the coronavirus omicron variant has markets in risk-off mode (at least temporarily).

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Polkadot was designed to tackle some pretty big problems with web 3.0, the next phase of web evolution (like further decentralization and more high-quality use cases for the internet, which as of late are tied to the buzzword "metaverse"). Polkadot uses a "heterogeneous multichain framework," basically meaning it was designed to connect different blockchain technologies and make them interoperable.

Source Fool.com