Why Crypto Polkadot Fell 1.2% Today

·2-min read
Why Crypto Polkadot Fell 1.2% Today

In what was a generally positive day for cryptocurrencies overall, Polkadot (CRYPTO: DOT) fell 1.2% over the last 24 hours as of this writing. Polkadot was designed to tackle some pretty big problems with web 3.0, the next phase of web evolution (like further decentralization and more high-quality use cases for the internet, which as of late are tied to the buzzword "metaverse"). Polkadot uses a "heterogeneous multichain framework," basically meaning it was designed to connect different blockchain technologies and make them interoperable.

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