Crypto Token Polkadot (DOT) fell 5.8% on Tuesday amid a bearish cryptocurrency market that started with Bitcoin (BTC) and worked its way down.

The Polkadot price is now at $9.14 (DOT/USD) after achieving a high of $11.84 just last week. Over the last 30 days, Polkadot had been gaining, staying bullish with the rest of the crypto market. Then on Thursday of last week, the coin peaked and started to fall. It has continued to plummet since then.

The rest of the crypto market is mostly down, with Bitcoin falling more than 3% today and staying bearish for several days in a row now. The bullish trend we saw continue for weeks was mostly attributed to Bitcoin pulling up the majority of the cryptocurrency market. With that coin in decline, all the other tokens are feeling it too.

Can Polkadot Recover?

As Polkadot continues to drop, investors may be wondering if it is a good buy. It is very likely to keep on falling for the near future, as long as the rest of the crypto market stays down. Once Bitcoin makes a recovery, we expect to see Polkadot and other coins start to recover as well.

Polkadot creates a Web3 ecosystem that lets its users interact with other crypto currencies in a unique way. They are all connected like a line of dots- separate from one another, but still tied together digitally.

Because Polkadot is a major crypto player in the Web3 structure, it has the potential to gain a lot of momentum in the coming months and years. The downturn we are seeing right now is likely to be a very temporary setback, and Polkadot should be able to recover soon. When it does, it is likely to go well past the recent high of almost $12.

Remember that its all-time high is $55, which means it is entirely possible Polkadot will end up much closer to the mark than to its current level by the time the year is out. We think the crypto market still has plenty of steam left in it this year and now, when the market is low, could be a great time to invest.