Polkadot five years after its 2021 record: DOT trades 98 percent lower

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: on November 4, 2021, Polkadot cost $55; today it costs $0.96. What has changed on the network since then, why staking now locks your coins for only two days, and why losses from 2021 no longer count for tax in Germany.Add as a preferred source on GoogleFollow on Google NewsOn November 4, 2021, Polkadot peaked at $55.00 on the Kraken exchange. Five years later, at midday on Wednesday, DOT trades there at $0.96, or €0.85. That is 98.3 percent below the record. Anyone who put €1,000 into DOT back then and never sold now holds a little over €17 on paper. What is documented: the price history comes from Kraken's weekly candles, and the rules on staking and tax come from the Polkadot Forum, the Polkadot Wiki and the German Income Tax Act. Our own assessment follows further down in a separate paragraph and is labelled as such. The anniversary is no reason for nostalgia, but it is a good moment to take stock. The network of 2026 shares little more than its name and its token w...