Ever since the pandemic shoots the roots of fiat currencies, cryptocurrencies have taken the lead going head on head. In this competition, plenty of challengers have perished, whereas some withstood the test of time. One such name is Polkadot (DOT), one of the reputed projects established primarily to add value to the benefit of blockchain.
Polkadot: Not a Design or Pattern: Way of Life
A flagship project by Web3 Foundation, a Swiss foundation, Polkadot aims to bring to its users the functionalities galore of decentralized finance (DeFi) and, at the same time, makes the users harvest the benefits taking advantage of a user-friendly interface.
Apart from being one of the most ambitious projects based on multi-chain infrastructure and competitor of Ethereum, Polkadot also offers multiple solutions to its users, bringing various Blockchains on one unified network. Towering as a pioneering project executed on Peer-to-Peer network, Polkadot has immense benefits to offer viz. shared security of relay chain and parachains including the impeccable governance. The enhanced infrastructure allows abundant functionalities of staking and operability.
Polkadot’s native token is DOT, which intends three main purposes: governance over the network, staking, and bonding.
Polkadot (DOT): Tracing the Historical Ups & Downs
The successful ICO of Polkadot floated in 2017 October met with roaring success, and it raised more than $140 million, selling over 10,000,000 DOT supply. While during the ICO, DOT/USD was pegged at $30, the users’ purchase trend brought it to a level of $600 by the end of August 2020.
The price started to trade at $5.20 in the mid of September and further plummeted. It spiraled downwards around early October 2020, trading at $4.42, and further dipped to $3.86 in the mid of October. By the end of October, it was $4.15. However, receding Pandemic brought the best worth of the coin forth, and the Polkadot (DOT) price started its upward journey with $5.88 in November 2020 and never looked back since then.
Polkadot Forecast: Seeking Expert Opinion
Investors always apprehend asking tough and risky questions as to whether Polkadot is really worth investing in! Experts seem optimistic as well:
Crypto Rating: “Being based on a logical algorithm, Polkadot might have both short term rally as well as long term potential advantages. The price may reach $35.39 at the end of February 2021.”
Trading Beasts: “Irrespective of its adoption, Polkadot tends to face heat till January 2022. Going by predictions that bulls may be back, DOT price should end up slightly higher by the end of 2024, $24.38 at best.”
Coinliker: “The future is bright for Polkadot (DOT). It may not be an overstatement to say it would exceed a price of $35. It is an excellent investment asset as it is predicted that the DOT price might record a tenfold annual increase each year.”
Digital Coin Price: “It is regretful that Polkadot seems to be showing negative sentiment. The bears will pin it down like other crypto giants too. It may disappoint its investors sailing barely at $10.12 and that too with difficulty.”
Mega Crypto: “Polkadot price might surprise investors reaching a peak of $40.37 and by 2023 going up to $55.88.”
Wallet Investor: “A long-term price surge is expected. With a 5-year investment, the revenue is expected to be around +625.86%. Your current $100 investment may be up to $725.86 in 2026.”
Smartereum: “DOT price might grow threefold in six years, say by 2026, it should have a clear rally around $40 to $60.”
Brave New coin: “There is hope for consolidating trends that point towards the fact that there is hope for Polkadot, and it may show massive improvement soon.”
Long term technical team: “Polkadot (DOT) has a bright future and will see the bull ride around 2024 with price crossing $80.88.”
Polkadot (DOT): PRICE FORECAST
Polkadot Price Forecast
Polkadot price today is around $20, with a 24-hour trading volume of $6,015,526,570. The Polkadot price is up 16.81% in the last 24 hours. The currency has a market capitalization of $17,880,640,149.06 and ranks among the top 10 cryptocurrencies on various exchanges. The price predictions & technical analysis of various experts do not deter the Polkadot cryptocurrency price from outperforming the rivals by any means.
Polkadot shall surpass the expectations of all cryptocurrency investors in terms of its price and market cap who have found this platform extremely interactive and uncomplicated.
Polkadot Price Prediction 2021
Polkadot price prediction has truly somersaulted in the year 2020, totally transforming the trend from the beginning towards the end of the year. The ecosystem may grow in leaps and bounds, especially for alliances in this year 2021.
New Partnerships would bring Polkadot (DOT) to the limelight, making it the center stage for investments. In the process, more transactions shall be executed with every passing second, which may prove a tough challenge for crypto rivals of Polkadot.
Polkadot Price Prediction 2022
Based on 1-year of historical data, there is even a forecast that the DOT price may come up with its own blockchain platform transitioning itself from Ethereum base getting enlisted in the major cryptocurrency exchanges the world by the end of 2022, taking its price to $35.
Polkadot Price Prediction 2023
The end of the year 2022 could bid a bye to all negative and pessimistic trends for the world of cryptocurrencies, especially for Polkadot. It could mean the beginning of an era of hopes and promises full of optimism. The cherished asset would rise to anywhere between $35 to $45.
Polkadot Price Prediction 2024 – 2025
In the world of cryptocurrencies, there could be a forecast of miracles, and there could be magic in the short term too. Four to Five years is a long time. With pandemic vaccine coming to the fore, as per experts’ report, it may mean a boom time for DOT.
Expert investors of cryptocurrencies always plan for the long term rather than the short term. It would not exaggerate that this priced cryptocurrency, Polkadot, might break all the barriers and withstand the test of time, scaling a peak of $40.50. With fiat currencies unable to sustain themselves in the wake of the pandemic, this might come as a reprieve for all Polkadot investors leading them to the path of high hopes and aspirations to transact in DOT.
With a bit of patience and keeping the hopes high in the long term, investors can expect a turnaround by the end of 2025, as the adoption would grow exponentially, by when Polkadot would be a seasoned player.
Predicting the price of Polkadot, a novel and highly volatile asset, is a thankless task – the best answer is no one knows. It is always recommended that investors do their own due diligence and go through the price trends to make their own wise decision.
Polkadot (DOT): Frequently Asked Question (FAQs)
1. Is DOT crypto a good investment?
DOT can be a profitable investment option. The price of Polkadot equals $18.65 currently, but it is important that investors do prior due diligence before harvesting rewards on Polkadot. The price prediction for DOT is that it would rise to 25.91 US Dollars.
2. What is Polkadot cryptocurrency?
DOT is a cryptocurrency that represents the Polkadot. The first and only open protocol that provides access to inter-blockchain liquidity for all decentralized applications. Unlocking new liquidity and resources to power a new wave of value in the open finance movement. Polkadot is now available on DeFi Swap.
3. Where can I buy Polkadot?
Right now, you can buy Polkadot a good number of cryptocurrency exchanges. Once you have your trading account setup at one of the exchanges, you can buy or sell DOT tokens.
4. Can you stake DOT?
Polkadot holders can stake DOT and earn a plethora of exogenous assets rather than the native asset, limiting the selling pressure from reward earnings.
5. Will Polkadot go up?
As per the Polkadot forecast, the currency might record massive improvement to that of the current price as well as market cap. The Polkadot price could reach up to $40.