Polkadot (DOT) May Outperform Ethereum (ETH), Solana (SOL), and Cardano (ADA) in 2025 as Polkadot 2.0 Nears Launch

Polkadot (DOT), a leading blockchain project built on the concept of parachains, may be approaching a breakout and could outperform its rivals Ethereum (ETH), Solana (SOL), and Cardano (ADA) in 2025.

Polkadot (DOT) could be gearing up for a breakout and might outshine rivals Ethereum (ETH), Solana (SOL), and Cardano (ADA) in 2025, thanks to the upcoming launch of Polkadot 2.0.

DOT’s recent performance has been lackluster, with the cryptocurrency sliding 5.12% in the past 24 hours to trade at $3.95, following a 3.92% decline in the last seven days. Over the last 30 days, DOT has dropped 6.18% and is down 92.82% from its all-time high of $55, reached in the 2021 bull market.

DOT’s market cap has crashed to $5.98 billion from an all-time high of $53 billion. At the time of writing, the digital asset’s trading volume is $161.6 million, up 26.58% in the past 24 hours. Since October last year, DOT has plunged a massive 10.57% and is one of the worst-performing blue-chip tokens of this cycle.

ETH has also declined 5.29% and is trading at $2,508. The market leader is up 38.48% since October 2023 and is down 48.79% from its all-time high of $4,891.70. ADA has fallen 4.58% and is trading at $0.3409, down 89.01% from its all-time high of $3.10. Since October 2023, ADA has climbed only 18.10%.

Solana (SOL) is trading at $166.75, down 4.76% in the past 24 hours and 35.88% from its all-time high of $260.06. In the past year, SOL has surged 336.11% and is one of the best-performing blue-chip tokens this cycle.

DOT could outperform ETH, SOL, and ADA because Polkadot 2.0 is set to launch. This upgrade will introduce major changes to the project’s price action.

Polkadot 2.0 will bring deflationary pressure to the Polkadot ecosystem by introducing coretime, which burns DOT. This could lead to the price of the cryptocurrency increasing significantly in the near future.

DOT price analysis, using the chart below, confirms that the 16th-largest digital asset by market cap is struggling to attract the same level of capital as it did in 2021 during the parachain hype.

The Relative Strength Index (RSI) is at 39.95, which suggests that the bulls have lost control of the DOT price action. Further price crashes are possible if buying volume does not increase. The gradient of the line indicates that lower prices are likely if buying volume remains low.

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