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Polkadot Price Prediction: What Is the Future for Polkadot (DOT) Coin?

Among all the so-called rivals to Ethereum, Polkadot is one project that has been taken seriously by the community and investors. Its unique concept of united parachains offers both users and developers more possibilities in the upcoming Web3 world. Polkadot’s native asset, DOT, has already gained a lot of value and according to many experts is a prospective project. Read our Polkadot token price prediction to decide if it’s the asset you want to get a closer look at.

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Polkadot Fundamental Analysis

Project name
Polkadot
Stock Symbol
DOT
Current Price
6.171
Current Supply
1235905658.213022

Polkadot is an open-source shared multi-chain protocol that connects and secures a network of the other networks, thus providing a cross-chain transfer of the data or the assets, so the networks become interoperable with each other. The project was created to be a foundation for the decentralized internet of blockchain also known as Web3. It can connect public and private chains, permissionless networks.

The project’s data availability and validity schemes allow chains to interact with each other while remaining independent in their governance. Parachains (parallel chains) share the security, but have their own governance tokens and can be optimized for specific goals. At the end of 2021 Polkadot successfully held parachain auctions and signed the first five slots to the auction winners (Parallel, Acala, Moonbeam, Clover, and Astar). 

Polkadot is a layer-0 underlying metaprotocol that describes the format of the layer-1 parachains. An important feature of the network is its possibility to autonomously and forklessly update its one code through the on-chain governance. 

Another significant advantage of Polkadot is its scalability, achieved by enabling the sets of validators to secure multiple networks. Polkadot spreads the transactions across multiple parallel blockchains. Thanks to the substrate network, the users can easily create their own custom networks, thus helping the network to grow. 

Compared to the other blockchains, and thanks to the nominated proof-of-stake model, Polkadot consumes much less energy and has the lowest carbon footprint among proof-of-stake protocols. 

DOT is a native token of the Polkadot blockchain and it’s used for 3 main purposes: staking for operations and security, facilitating decentralized governance, and bonding the assets to connect the parachains.

Polkadot Live Price Chart

Since the spring of 2021, the price of the DOT token wasn’t stable and was being affected by many factors. At the end of March, the token started to gain value as the crypto market was turning to a bull rally. On April 5 the asset reached $45, but then was corrected and traded around $40-$42. 

As the crypto market was going bullish, Polkadot also followed the trend and on May 14 hit the price of $47.9, which was the highest value for the token at the moment. In just 4 days though as the market flipped to a bearish trend the asset lost almost 50% of its price and went down to $25. For the next month, the DOT token was bouncing between $20-$25, but at the end of June, the token’s price collapsed to $14.65. 

The token stayed bearish till the end of July when it started to show the signs of recovery together with the rest of the crypto market. By the middle of September the asset was already traded for $37.3, but after reaching this level, the token went for a 2-week long price correction, keeping the resistance level of $26. 

The new wave of the bull rally made the asset hit the all-time high of $53.88 on November 4. DOT could maintain the same level only for 4 days, after which the token started to lose value again, while the market started to turn bearish. 

The asset stayed in a downtrend till the end of December, when it reached $24, but then the price recovered a little bit and for the next month DOT crypto was bouncing between $24 and $31. At the end of January 2022, though, the price crashed again and the DOT token was pulled off to $18.8. The price stayed volatile till the end of February with the token not being able to break through the $22.6 resistance level. 

The situation started to change at the beginning of March 2022. During the last week, Polkadot grew in price 10% and continues to steadily gain value. This rise comes along with the launch of the Polkadot Parachains Fund. Most of the market experts see the uptrend coming for Polkadot and expect its price to increase in the nearby future. As for the long-term, the chart shows that the price of DOT coin might go down.

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Polkadot Technical Analysis

Despite the fact that 100% accurate technical analysis for Polkadot cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated DOT buy-and-sell rating for selected timeframe. The summary for DOT/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Polkadot Price Prediction

Below we have collected the most reliable price projections for Polkadot (DOT) from popular forecast platforms.

Polkadot Price Prediction for 2022

As for Polkadot price predictions for the rest of 2022, there are divergent opinions. WalletInvestor expects a downturn towards $0.6171, and TradingBeast echoes with ~$0 by the year’s end. Other experts, for example, from PricePrediction.net, are more enthusiastic about Polkadot’s future price, citing upwards of $11.1078 in December.
Potential ROI: -37% Sell

Polkadot Price Prediction for 2023

In their Polkadot price predictions for 2023, WalletInvestor forecasts the coin’s price to go down to $2.34498 by December. Forecasting Polkadot future, TradingBeast expects further decrease of its price, too, saying the Polkadot price will reach ~$0 by that time. On the contrary, PricePrediction.net keeps predicting Polkadot price growth, quoting prices around ~$9.13308 in 2023.
Potential ROI: -38% Sell

Polkadot Price Prediction for 2024

Polkadot price predictions for 2024 are still predominantly negative, with some analysts promising prices in the $0–$4.3197 range (TradingBeast, WalletInvestor), while PricePrediction.net takes a different view and cites the possibility of the price reaching $12.15687 in December 2024.
Potential ROI: -11% Sell

Polkadot Price Prediction for 2025

PricePrediction.net has only optimism in store for the 2025 Polkadot price prediction, valuing Polkadot at $8.94795 by the end of 2025. WalletInvestor agrees with a positive forecast and predicts, in turn, $11.41635 for the same period. On the other hand, TradingBeast’s team is more pessimistic — their Polkadot price prediction for December of this year is just $0.
Potential ROI: 10% Buy

Polkadot Price Prediction for 2030

Speaking of long-term Polkadot price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that Polkadot price won’t grow further and, opposedly, will decline to $4.25799. TradingBeast’s price prediction for Polkadot echoes with the projection of a downtrend to $0. Despite this, PricePrediction.net’s vision remains positive, promising growth up to $6.7881.
Potential ROI: -40% Sell
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Summary

As it can be clear from the analysis cited above, Polkadot (DOT) projections are rather contradictory. There is no universal consensus either about positive or negative future DOT price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Polkadot projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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