{"id":636230,"date":"2025-08-17T23:00:51","date_gmt":"2025-08-17T23:00:51","guid":{"rendered":"https:\/\/ktsl888.com\/?p=636230"},"modified":"2025-08-17T13:51:12","modified_gmt":"2025-08-17T13:51:12","slug":"polkadot-dot-investor-confidence-falls-as-token-loses-16","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/polkadot-dot-investor-confidence-falls-as-token-loses-16\/","title":{"rendered":"Polkadot (DOT) Investor Confidence Falls As Token Loses 16%"},"content":{"rendered":"

Polkadot has been on the down low since last month with investors and traders pulling out of the market. According to <\/span>CoinGecko<\/span><\/a>, the token is down more than 16% in the past 2 weeks. With the bears in control of the market, Polkadot\u2019s short-term gains might be compromised.\u00a0<\/span><\/p>\n

Related Reading: Cosmos Price Analysis: Why This Analyst Says ATOM Has \u2018A Great Chart\u2019<\/a><\/div>\n

Despite showing that Polkadot can still pack a punch, users are still skeptical of the platform\u2019s viability and DOT\u2019s capability to move upward in the coming days. With low investor confidence and a seemingly overhyped feature, Polkadot might be in for a rough ride in the coming days.\u00a0<\/span><\/p>\n

July: A Perfect Month For DOT?<\/strong><\/h2>\n

On a recent X post by the official Polkadot account, <\/span>they shared<\/span><\/a> July metrics for the platform which, all-in-all, showed great growth last month. The platform saw a 1.1k increase in unique voters on the governance side, with over 118 referenda on the platform.\u00a0<\/span><\/p>\n

\n

Great weekend read \u2192 July ’24: Key network metrics & insights<\/p>\n

At a glace, Polkadot had:<\/p>\n

\ud83d\udd39 ATH for number of OpenGov refs
\n\ud83d\udd39 Weekly GitHub commits on the rise
\n\ud83d\udd39 Steady forum activity & new users<\/p>\n

See details + get a special look at the Polkadot App \ud83d\udc40https:\/\/t.co\/e6eCquRWbk<\/a><\/p>\n

\u2014 Polkadot (@Polkadot) August 16, 2024<\/a><\/p><\/blockquote>\n

Polkadot also hosts a very active developer base, amassing over 5.5k weekly commits done on its GitHub repository with more than 29.9k repositories. Nevertheless, active developers have been flatlining on the platform. According to its recent data, the number of active developers every week has stagnated at 900 in July.<\/span><\/p>\n

In a post made by Polkadot Head Ambassador <\/span>Alice und Bob<\/span><\/a>, they <\/span>detailed<\/span><\/a> a problem that has been plaguing the ecosystem for a while now.\u00a0<\/span><\/p>\n

\n

Inflation is caused by OpenGov spending more than it earns, because they just print more DOT to make up the difference.<\/p>\n

To solve inflation, reduce wasteful OpenGov spending. Your tax DOT should be spent well, not poorly. https:\/\/t.co\/20wq07eZPR<\/a><\/p>\n

\u2014 Alice und Bob \ud83e\udd50 (@alice_und_bob) August 17, 2024<\/a><\/p><\/blockquote>\n

\u201cInflation is caused by OpenGov spending more than it earns, because they just print more DOT to make up the difference. To solve inflation, reduce wasteful OpenGov spending. Your tax DOT should be spent well, not poorly,\u201d they said on the post.\u00a0<\/span><\/p>\n

\u00a0The sentiment is shared by some members of the community, stating that the spending of OpenGov is problematic and should face some cutbacks to help the community. Some even went as far as commenting on the recent posts on the Polkadot account.\u00a0<\/span><\/p>\n

DOT is currently trading at $4.34. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Polkadot Down From Crucial Support On This Level<\/strong><\/h2>\n

DOT will seem to continue its downward spiral in the long term as the bears break through the $4.61 support level that the bulls tried so hard to hold on to. This represents a large setback for investors and traders which compounded the overall sentiment of skepticism within the community.\u00a0<\/span><\/p>\n

Related Reading: Despite A Stormy Market, Dogecoin Addresses Skyrocket To Over 6 Million<\/a><\/div>\n

With the community distrustful of the platform, investors are traders will see this as a sign of poor governance on Polkadot.\u00a0<\/span><\/p>\n

In the meantime, DOT bulls should try to slow the token\u2019s downward momentum in the coming days or weeks. If the overall sentiment for the Polkadot platform doesn\u2019t improve within the next couple of weeks, we can expect more pain for DOT as investors and traders find value elsewhere.<\/span><\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Polkadot has been on the down low since last month with investors and traders pulling out of the market. According to CoinGecko, the token is down more than 16% in the past 2 weeks. With the bears in control of the market, Polkadot\u2019s short-term gains might be compromised.\u00a0 Related Reading: Cosmos Price Analysis: Why This Analyst Says ATOM Has \u2018A Great Chart\u2019 Despite showing that Polkadot can still pack a punch, users are still skeptical of the platform\u2019s viability and DOT\u2019s capability to move upward in the coming days. With low investor confidence and a seemingly overhyped feature, Polkadot might be in for a rough ride in the coming days.\u00a0 July: A Perfect Month For DOT? On a recent X post by the official Polkadot account, they shared July metrics for the platform which, all-in-all, showed great growth last month. The platform saw a 1.1k increase in unique voters on the governance side, with over 118 referenda on the platform.\u00a0 Great weekend read \u2192 July ’24: Key network metrics & insights At a glace, Polkadot had: \ud83d\udd39 ATH for number of OpenGov refs \ud83d\udd39 Weekly GitHub commits on the rise \ud83d\udd39 Steady forum activity & new users See details + get a special look at the Polkadot App \ud83d\udc40https:\/\/t.co\/e6eCquRWbk \u2014 Polkadot (@Polkadot) August 16, 2024 Polkadot also hosts a very active developer base, amassing over 5.5k weekly commits done on its GitHub repository with more than 29.9k repositories. Nevertheless, active developers have been flatlining on the platform. According to its recent data, the number of active developers every week has stagnated at 900 in July. In a post made by Polkadot Head Ambassador Alice und Bob, they detailed a problem that has been plaguing the ecosystem for a while now.\u00a0 Inflation is caused by OpenGov spending more than it earns, because they just print more DOT to make up the difference. To solve inflation, reduce wasteful OpenGov spending. Your tax DOT should be spent well, not poorly. https:\/\/t.co\/20wq07eZPR \u2014 Alice und Bob \ud83e\udd50 (@alice_und_bob) August 17, 2024 \u201cInflation is caused by OpenGov spending more than it earns, because they just print more DOT to make up the difference. To solve inflation, reduce wasteful OpenGov spending. Your tax DOT should be spent well, not poorly,\u201d they said on the post.\u00a0 \u00a0The sentiment is shared by some members of the community, stating that the spending of OpenGov is problematic and should face some cutbacks to help the community. Some even went as far as commenting on the recent posts on the Polkadot account.\u00a0 Polkadot Down From Crucial Support On This Level DOT will seem to continue its downward spiral in the long term as the bears break through the $4.61 support level that the bulls tried so hard to hold on to. This represents a large setback for investors and traders which compounded the overall sentiment of skepticism within the community.\u00a0 Related Reading: Despite A Stormy Market, Dogecoin Addresses Skyrocket To Over 6 Million With the community distrustful of the platform, investors are traders will see this as a sign of poor governance on Polkadot.\u00a0 In the meantime, DOT bulls should try to slow the token\u2019s downward momentum in the coming days or weeks. If the overall sentiment for the Polkadot platform doesn\u2019t improve within the next couple of weeks, we can expect more pain for DOT as investors and traders find value elsewhere. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":636240,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1558,83457,9753],"class_list":["post-636230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-cryptocurrency","tag-dot","tag-polkadot"],"acf":[],"yoast_head":"\nPolkadot (DOT) Investor Confidence Falls As Token Loses 16%<\/title>\n<meta name=\"description\" content=\"Polkadot has been on the down low since last month with investors and traders pulling out of the market. 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