Polkadot (DOT) is one of the main projects of 2022. After explosive progress and a severe correction, the project continues to develop by improving its very DNA: its governance system. It is a project that remains dynamic and that still lives under the snow of the crypto winter. Plus, with a 661% HUD, it offers an interesting entry point. To analyze.
Polkadot (DOT), the blockchain chooses decentralization!
Pois (DOT) changes its system of government. Decentralization is not just a keyword to please followers cryptocurrencies. This is the raison d’être of this ecosystem. And this is the goal. In fact, without decentralization, the applications resulting from art blockchain it will have nothing new to offer. They will simply be versions blockchain of services and products that already exist today, in our centralized economies. Take currency for example. CDBC is a tokenized resource that works through a blockchain. However, if the blockchain it is limited to the infrastructure of that currency, so there is nothing new. No prospect of freedom, and it’s just the 2022 version of good old paper money.
However, decentralization is a mystical tool that is difficult to understand, implement and explain. It is something that the developer teams do Pois (DOT) got it right. The previous governing mode, Gov1, had many errors, according to the team A pois. For example, some people had more power than others. In particular the members of Advise or Technical Committee. Thus creating first-class citizens, and therefore second-class citizens.
In the blockchain, you have to move on or die
The story, as pointed out A pois, does not forgive human organizations that do not evolve. Economies that do not trade, dictatorships that close borders, languages that do not add new words. It is on this image that the team of A pois he explained the need for a new mode of governance, but also the idea that the perfect mode of governance would never exist. The solution lies in change, adaptation, evolution. The blockchain it is a revolution. Now, a revolution is like a bicycle: if it stops moving forward, it falls.
Despite the will to change, some flaws cannot change. 50% of polka dot (DOT) bet will always allow you to have the majority. But this is the very principle of democracy, isn’t it? Perhaps the importance of some wallets in the decentralized ecosystems of cryptocurrencies it pushes us to reinvent models of power sharing, to obtain less proportional but more equal power. A new vision, which could inspire our political models, at a time when the economic burden is crushing common interests. All in a world where the distribution of wealth is largely unbalanced.
Polkadot Technical Analysis and Price Forecast (DOT) 2022
These changes on the side of A pois will have an impact on the course of polka dot cryptocurrency (DOT) ? The fate of the crypto it is not necessarily related to that of the project and the blockchain. However, the value of polka dot (DOT) depends on staking. It is therefore indirectly linked to the governance system.
A pois it has a market capitalization of 7.03 billion euros. Which makes it the 12th cryptocurrency in the Coinmarketcap ranking. It is trading at € 7.12 on July 23, 2022, a drop of almost 6% compared to the last 24 hours. The polka dot cryptocurrency (DOT) it is in an extremely low area of its price.
- In August 2020 it appeared on the markets cryptowith a price of around 3 dollars.
- It then literally exploded to fetch $ 55, an increase of 2,984% on November 7, 2021.
- Subsequently, the winter crypto got the better of this meteoric rise.
- A pois it went to mark support at $ 5.94 on June 11, 2022, which is 89% below the ATH.
- Currently at $ 7.26, the former ATH offers upside potential of 661%.
If Polkadot (DOT) is that far from its ATH today, this project remains one of the most promising in the blockchain ecosystem in 2022. Its ability to constantly evolve and change how it works is a strong point. It fits and doesn’t die. These are good reasons to have confidence in the future of this project.
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