- Social exercise for the Polkadot community declined materially in the previous few days.
- The general exercise on the community additionally fell.
Polkadot [DOT] has been one of many L1s that has not seen as a lot development as its counterparts. One of many causes for a similar can be the declining reputation of Polkadot throughout social media platforms.
Phrase on the road
AMBCrypto’s evaluation of Santiment’s information revealed that the social quantity for Polkadot declined considerably. Furthermore, the Weighted Sentiment round DOT fell materially.
![](https://ambcrypto.com/wp-content/uploads/2024/05/Polkadot-DOT-17.59.52-12-May-2024.png)
![](https://ambcrypto.com/wp-content/uploads/2024/05/Polkadot-DOT-17.59.52-12-May-2024.png)
Supply: Santiment
However, Polkadot has been actively collaborating with a media company to amplify consciousness concerning the community.
eVox, a Media Company & Content material Creator Administration agency, has devoted a number of months to advancing the Polkadot trigger.
Presently, they’re aiming to increase this outreach effort to CoinMarketCap.
![](https://ambcrypto.com/wp-content/uploads/2024/05/Screenshot-2024-05-12-at-6.14.34%E2%80%AFPM.png)
![](https://ambcrypto.com/wp-content/uploads/2024/05/Screenshot-2024-05-12-at-6.14.34%E2%80%AFPM.png)
Supply: X
It stays to be seen whether or not Polkadot’s efforts to enhance its reputation can yield optimistic ends in the long term.
Wanting on the worth
DOT wasn’t doing too nicely by way of worth motion, both. Because the 1st of April, its worth fell by 27.96%. Throughout this era, DOT showcased a number of decrease lows and decrease his, indicative of a bearish pattern.
Furthermore, the CMF (Chaikin Cash Move) for DOT had grown barely, implying that there might an uptick within the cash move for DOT going ahead.
Nonetheless, the RSI had declined to 42, implying that bullish momentum had fallen considerably. DOT would wish to retest the $7.598 stage a pair extra instances earlier than it may possibly begin its journey upwards.
![](https://ambcrypto.com/wp-content/uploads/2024/05/DOTUSDT_2024-05-12_18-18-18.png)
![](https://ambcrypto.com/wp-content/uploads/2024/05/DOTUSDT_2024-05-12_18-18-18.png)
Supply: Buying and selling View
Coming to the state of the protocol, the scenario regarded fairly dire. The variety of lively customers on the Polkadot community declined considerably during the last 30 days.
The income generated by the community additionally declined throughout this era.
Learn Polkadot’s [DOT] Value Prediction 2024-25
These components recommended that not solely was DOT not doing nicely by way of its worth and social exercise, however the general energy of its ecosystem was additionally declining.
It could possibly be troublesome for DOT to recuperate if issues proceed like this.
![](https://ambcrypto.com/wp-content/uploads/2024/05/Screenshot-2024-05-12-at-6.29.10%E2%80%AFPM.png)
![](https://ambcrypto.com/wp-content/uploads/2024/05/Screenshot-2024-05-12-at-6.29.10%E2%80%AFPM.png)
Supply: Token Terminal