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The key to Polkadot renewing its price rally on the charts is…
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Polkadot, after hitting an ATH of $55 on 4 November, has fallen considerably since, with the crypto trading at $45 at press time. In fact, the eighth-ranked altcoin was down 13.18% over the past week. However, with optimism around another ATH seemingly fading away, there were also some signs of relief for DOT HODLers.
Over the past week, with the hype of the parachain auctions fading away, DOT’s price has been on a downtrend. Notably, DOT was one of the best-performing altcoins over the month of October and early November as it rallied on the back of parachain hype and the asset’s price rode on high social sentiment.
Luckily, at the time of writing, social volumes were seeing ATH levels. So, with interest stirring back up, could the price
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