Bitcoin’s monopoly over the market is undisputed; even though alts form an indispensable part of the market, a lot of altcoins tend to follow Bitcoin’s footsteps. However, looking at the recent performance of some major altcoins, some alts rallied independently and showed a lower correlation with Bitcoin and Ethereum’s price.

On the other hand, some potentially pump-worthy coins had a different fate and were dominated by the larger market sentiment. One such coin was Polkadot (DOT), but it sure wasn’t the only one on the list. 

Confusing times for DOT investors

In the last 24 days, DOT rallied more than 100% and breached the major $20 support level, however, a psychological barrier at $22 remained even at press time which the alt was unable to break. Polkadot’s all-time high was $49.35 which was achieved on May 15, but as the alt’s price was down more than 50% at press time investors seemed unsure of its price trajectory.