• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

2025-07-24

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    2025-07-25

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09
  • Videos

    Major Signal Flashed!!!

    2025-07-25

    Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

    2025-07-24

    Why Did Bitcoin and Crypto Dump Today?

    2025-07-23

    Bitcoin Bulls Brace For Next Major Rally

    2025-07-23

    Wall Street’s Crypto Moves Just Got Exposed

    2025-07-23
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Altcoins»Polkadot makes a new attempt to garner attention – Will it succeed?
Altcoins

Polkadot makes a new attempt to garner attention – Will it succeed?

2023-09-24No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: September 25, 2023


  • Polkadot sought revival through a strategic partnership amid struggles for market attention.
  • Social engagement dwindled, while the protocol faced declining activity and revenue.

In the rapidly evolving cryptocurrency sector, maintaining relevance is pivotal. Polkadot[DOT], despite being a promising blockchain project, faced difficulties in capturing and retaining the attention of the crypto community in recent months.


Is your portfolio green? Check out the Polkadot Profit Calculator


Now, Polkadot has initiated a strategic partnership with airdrop.com, a move aimed at rejuvenating interest in the protocol.

On the DOT

The collaboration extended beyond mere partnership, as it included an incentivization strategy. Polkadot introduced the concept of potential airdrops through the airdrop.com platform.

Airdrops, a well-established marketing tool in the crypto space, entices users with the prospect of receiving free tokens. This approach aimed to not only raise awareness but also stimulate user engagement within the Polkadot ecosystem.

3 Objectives/Success criteria

👀Videos are available on youtube and create Polkadot awareness 🖊️Quizzes are available and usable on https://t.co/hjIzDTu2lH
🌟Unique identified users will have fully claimed the airdrop allocation (the users need to install a DOT wallet to be…

— Polkadot Insider (@PolkadotInsider) September 23, 2023

Despite these proactive measures, Polkadot’s social media presence encountered hurdles. Social mentions of DOT, the native token of Polkadot, experienced a marginal decline of 0.2%.

Even more telling was how social engagements associated with DOT saw a substantial dip, plummeting by 9.5% in the past week. These metrics reflected a decrease in online discussions and interactions related to Polkadot.

This decline in social activity inevitably raised questions about the prevailing sentiment surrounding DOT. The weighted sentiment indicator for DOT fell materially over the last month.

See also  Shiba Inu (SHIB) Developer Draws Attention to New MetaMask Feature

This decline signaled a potential absence of enthusiasm or positive sentiment among investors and participants in the Polkadot ecosystem.

Source: Santiment

DOT sees red

Examining the price of DOT, it was trading at $4.03 at the time of writing. Over recent weeks, DOT has experienced a significant decrease in value. The critical question that loomed was whether DOT could reverse this trend and break through resistance levels, particularly the notable $4.22 mark.

The Relative Strength Index (RSI) sat at 44.55, suggesting room for potential price movement and decline in momentum. Simultaneously, the Chaikin Money Flow (CMF) registered at 0.06, indicating a mild buying pressure.


Realistic or not, here’s DOT’s market cap in BTC’s terms


Source: Trading View

The broader view of the protocol’s overall health revealed some negative signs. Activity on the Polkadot network saw a notable reduction of 19.9% in the past month. This decline indicated a potential slowdown in user interactions and engagement.

Furthermore, the revenue generated by the protocol witnessed a substantial decrease of 13.3% within the same period. These statistics raised legitimate questions regarding the protocol’s financial sustainability and performance.

attempt attention garner Polkadot succeed
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

DON’T Miss This If You Want To Succeed With Crypto In 2025

2025-01-16

Solana and Polkadot Doomed to Fail? 🚨🚨

2025-01-13

ATTENTION Bitcoiners, Don’t Miss This Opportunity, The Clock Is Ticking!

2024-11-22

Bitcoin Flashes Historic Signal (Pay Attention)

2024-08-16
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Blockchain

Blockchain is Being Used to Store Simulated Alien Messages from Mars

2023-05-30

Blockchain The Search for Extraterrestrial Intelligence Institute, or SETI, has recently partnered with Filecoin, a…

Altcoins

Avalanche’s TVL puts up a challenge as AVAX puts its best foot forward

2023-04-14

Avalanche’s TVL declines despite success of dApps and DEX’s on the protocol. AVAX’s prices continue…

Videos

The Start of Altcoin Season…

2025-07-20

Bitcoin dominance continues to fall as crypto’s overall market cap rises. Is this truly the…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Major Signal Flashed!!!

2025-07-25

Trump’s Fed Visit Could Ignite Bitcoin’s Biggest Rally Yet

2025-07-24

Why Did Bitcoin and Crypto Dump Today?

2025-07-23
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 117,994.61
ethereum
Ethereum (ETH) $ 3,744.09
xrp
XRP (XRP) $ 3.17
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 794.91
solana
Solana (SOL) $ 185.01
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.235911
staked-ether
Lido Staked Ether (STETH) $ 3,751.96
tron
TRON (TRX) $ 0.320101
bitcoin
Bitcoin (BTC) $ 117,994.61
ethereum
Ethereum (ETH) $ 3,744.09
xrp
XRP (XRP) $ 3.17
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 794.91
solana
Solana (SOL) $ 185.01
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.235911
staked-ether
Lido Staked Ether (STETH) $ 3,751.96
tron
TRON (TRX) $ 0.320101