Polkadot Price Prediction: Will DOT Rise Above $10?
TL;DR
- polkadot (DOT) broke the $7.50 mark with a daily price increase of 7%. Analysts predict further gains, potentially reaching $10 and beyond.
- Analysts like Michael van de Poppe and Block Diversity predict DOT’s next targets will be in the $9-$25 range; this target is strengthened by the recent release of the JAM whitepaper and is breaking through key resistance levels.
The cryptocurrency market is flashing green today (May 21); Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and many other leading digital assets are experiencing impressive gains. Polkadot (DOT) is also among the notable gains, recording a daily price increase of 7%.
DOT Price, Source: CoinGecko
Numerous analysts have noted the asset’s rally, outlining impressive predictions for the near future. An example of this is X user Crypto Thanos. requested He noted that the $6-$7.50 range is “just for accumulating” and that the next target is $10.
dippy.meat was also carved to suggest that point It “wants to escape” the $6.90-$7.50 accumulation zone. According to them, retracing the $7.50 level could lead to “higher highs.” Recall that the asset broke through this level a few hours ago and is currently trading at around $7.55 (according to CoinGecko data).
Crypto Tony touched on the topic yesterday (May 20) when the price of DOT was hovering around $6.90. Analyst aforementioned They are looking for a “safe entry” once the asset breaks through the $7.40 resistance mark. It will be interesting to follow whether the investor will enter the DOT ecosystem as promised.
Previous Predictions
Another crypto analyst who predicted this A bright future for Polkadot’s native cryptocurrency is Michael van de Poppe. User X with more than 700,000 followers recently requested We can say that DOT has already “hit bottom”, especially since the release of the JAM white paper. According to Michael van de Poppe, DOT’s next price target could be in the range of $20-25.
Remember the team is behind Polka-dot launched Last month’s Joining-Accumulating Machine (JAM) Gray Paper. The goal of the upgrade is to create a more efficient, secure and scalable blockchain environment that combines the best aspects of Polkadot and Ethereum technologies.
For their part, Block Diversity guess A price rally towards $9, $11, and eventually $13 as DOT clears the market mother The resistance level is $6.90.
Polkadot Post Price Prediction: Will DOT Rise Above $10? appeared first on CryptoPotato.
#Polkadot #Price #Prediction #DOT #Rise