Polkadot is known as Dot and its doing good this time. Its not a secret anymore and you can check on coinmarketcap.com website for more details about it. This coin was not doing good now things have changed. Do you think that the bull run has started? Is this price rise happening because of the bull run?
Every coin shows growth in price during a bull run so I think this is a good project but if it is a bull run cycle then you will see growth on even meme coin projects. People make money on meme coins also but this is also a risky part of the investment. In short, I can say that during a bull run, there are so many ways that people can follow to make money but when it is a bearish market then it can be difficult to make money and it is the time for the community to enjoy the market growth.
When the market is down, it is also difficult for the exchanges to survive and many close their operations. The polka dot has been in the market for many years and its price was not good but in the last month, you can see a positive price increase in the coin. I did not find any news so it's like this growth is based on the market sentiment and if it is bull run then surely every coin will show the green colour on its price so please don't get surprised.
It is also the time when people would be bringing new projects but it is important to invest on projects carefully because not every project will be genuine and some can be a trick to steal money from innocent people so be careful when you think about investing on any new project
