This Polkadot (DOT) price prediction article is purely based on the opinion of CNL alone. In this article, you will see and learn the analysis we have considered in this DOT price prediction.
The crypto world is full of great projects that are secure, scalable, and interoperable. Through this, investors around the world were given a chance to pick the right project that suits their taste and risk appetite. This is also one factor to consider why the crypto market nowadays is taking a bullish path.
Polkadot (DOT) is one crypto asset that has never stopped developing its platform since its launch date. As a result, the crypto asset today is one of the favorite cryptos in the industry. Its network has already built its reputation in the crypto world that attracts a lot of investors and project developers into its network.
Do you think Polkadot is a good investment and has the potential to surge higher before this year ends? Therefore, what are you waiting for? Join me in this DOT price prediction article to know the future of DOT. But, before that, let us first see the technology behind the DOT crypto.
Polkadot (DOT) Overview (At the time of writing)
| Cryptocurrency | Polkadot (DOT) |
| Token | DOT |
| Price | $51.59 |
| Market Capitalization | $53,267,162,536 |
| Circulating Supply | 1,047,799,247 |
| Trading Volume | $1,584,025,225 |
| All-Time High | $54.98 |
| All-Time Low | $2.70 |
Polkadot remains to be a cryptocurrency that never stops surprising the crypto community and its investors around the world. In detail, Polkadot is a crypto network that enables cross-blockchain transfers of any type of data or assets. Furthermore, connecting to Polkadot enables the ability to interoperate with a wide variety of blockchain in the DOT network.
Polkadot is also a flexible network that can be upgraded without the need of hard forks to integrate or fix bugs. Through this, DOT can easily adapt to changes and upgrade itself along with the latest technologies.
At the time of writing, the market capitalization of DOT amounts to over $54 billion. This huge market cap allows DOT to be one of the top 10 crypto assets in CoinGecko. In addition, the crypto has a 24-hour trading volume of over $1.5 billion.
However, this current position of the crypto could still increase depending on the market situation of the crypto. In addition, if the crypto network continues to increase its investors in the network, there might be a chance for the crypto to increase its uptrend position further nowadays.
In the past years, we know that the month of November is the time of the year where the bulls start to wake up and begin to stretch their bones. Polkadot is one of the aggressive digital assets in the crypto space that joins the bulls in their rally this upvember month.
Do you think Polkadot can keep its bullish position in the future? Let’s check the chart in this Polkadot (DOT) Price Prediction 2021.
Source: TradingView
As seen in the chart above, DOT made a very good strategy in pulling out itself from the bearish territory in the past month. Furthermore, we can also see that DOT was able to record a growth rate of over +400% from Aug to November. Of course, the investors and developers of the network play a great role in this uptrend position of the crypto.
At the time of writing, Polkadot trades at a bullish price of $50.91 per crypto with a growth rate of almost +60% in the past 30 days. If Polkadot can maintain its position above the Fibonacci level of 0.26, there is a big chance that DOT may reach the high price of $60 to $75 in no time.
Source: TradingView
On the other hand, Polkadot’s current trading price may still have the potential to advance further and break its limits. In detail, DOT may reach the skyrocketing price of not just $100 but over $200 in the months to come. It may be this year or the next year, or the following year.
This bullish price of over $200 depends on when Polkadot can pump or boost its growth rate once again to over +400%. But of course, this may be likely to happen if the bullish market and its investors globally continue to side with Polkadot.
Source: TradingView
Read CRYPTONEWSLAND onMeanwhile, the crypto’s Relative Strength Index (RSI) is back inside the 70-30 RSI range. In short, DOT is neither oversold nor overbought. This means that traders can trade with confidence without worrying about any major price reversal. However, it is wise that traders stick to the rules of the indicator that they are using. Through this, traders can have a solid strategy on how to deal with the wild swing of the crypto market.
Polkadot (DOT) continues to be one of the aggressive digital assets in the crypto space. Therefore, the conclusion for the DOT price prediction in 2021 amounts to $60 to $100. However, this forecast still depends on how the market will treat DOT in the next month of the year.
Aside from our DOT price prediction 2021, we will also share some of the forecasts other crypto analysis platforms make.
Digitalcoin is one of the trusted names in the crypto world, as the firm claims. This is because it has already established accurate cryptanalysis and the latest news stories over time. For this reason, the 2021 forecast of Digitalcoin for DOT amounts to $73.98.
TradingBeasts is one of the crypto networks that based its prediction and analysis using historical data with the combination of linear and polynomial regressions. As a result, the price forecast of TradingBeasts for DOT price prediction 2021 will reach the price of $55.5.
By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for DOT amounts to $10.8.
Polkadot (DOT) price prediction 2022 is up to $110.61 (estimated)
Polkadot (DOT) price prediction 2023 is up to $111.97 (estimated)
Polkadot (DOT) price prediction 2024 is up to $160.11 (estimated)
Polkadot (DOT) price prediction 2025 is up to $182.11 (estimated)
Polkadot is one of the aggressive crypto assets in the space. In fact, in a matter of a few months Polkadot has finally made its way to the top 10 cryptos in CoinGecko. Through this, we can say that DOT is one of the trusted crypto in the crypto space and a good investment.
The price status of DOT depends on many different factors, and one of them is the current market situation. If DOT is able to invite more investors to the platform, there is a big chance that the price of DOT will go higher.
The crypto market is very unpredictable due to volatility. Any crypto in the space cannot evade these wild market swings of the market. One factor to consider is the massive dumping of tokens made by the whales in the DOT network, an event that is very uncontrollable.
The DOT crypto is just like other cryptos that can be bought in various crypto exchanges. For instance, the Binance exchange, one of the famous crypto exchanges that support DOT crypto.
Yes, Polkadot (DOT) is a crypto that uses blockchain technology.
Disclaimer: The technical analysis expressed in this article does not necessarily reflect the views of CryptoNewsLand (CNL). Readers of this article should not take this as financial advice. CNL strongly recommends that all users do their own in-depth research before investing in cryptocurrency.
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