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Polkadot price drops 98% from 2021 peak, now trading below $1 with major network changes and tax implications.

Market News
04 Nov 2026, 15:12 WIB
CryptoTicker
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Bearish
Polkadot price drops 98% from 2021 peak, now trading below $1 with major network changes and tax implications.

Polkadot's price has plummeted 98.3% from its November 2021 peak of $55 to about $0.96 in 2026, reflecting the end of parachain auctions and broader market declines. The network has evolved with capped token supply, faster staking exit times, and a shift to the Asset Hub for balances and governance. For German investors, losses on DOT held over a year cannot be offset for tax purposes, complicating the picture. Despite technical improvements, the price remains in a downtrend, with no clear recovery signal yet.

As of Nov 04, 2026 20:22 WIB, Polkadot (DOT) trades on Pluang at Rp17.377, showing a modest 1.47% gain over the past day. The platform reports a market cap of Rp29,74 trillion and a 24-hour trading volume of Rp1,26 trillion. Despite the recent positive daily change, the typical hold time on Pluang remains relatively short at 122 days, indicating active trading among investors.

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