Polkadot (CRYPTO: DOT) has gone through some wild swings since its initial coin offering in October 2017. The cryptocurrency was first priced at $0.29 and skyrocketed to an all-time high of $54.98 on Nov. 4, 2021.

But today, Polkadot trades at about $6. A $1,000 investment would have briefly grown to $189,586 before shrinking back to about $2,100. Like many other altcoins, Polkadot lost its luster as rising rates drove investors away from speculative investments.

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Source Fool.com