Polkadot trades below $1, down 98% from all time high despite ETF and stablecoin launch

Polkadot ’s native token DOT dipped below $1 this week, trading at $0.98 at 10:23 UTC on October 29, 2026, based on CoinGecko data. This price marks a steep decline of approximately 98% from its peak of $54.98 in November 2021. Over the last year, DOT has dropped 67.7% and currently holds a market capitalization of $1.68 billion, placing it 56th among major cryptocurrencies. Although the broader crypto market showed a neutral sentiment according to the Crypto Fear & Greed Index, which read 51 on October 29, analysts have identified DOT’s price weakness as specific to the token.