Three Important Polkadot (DOT) Price Predictions to Watch
TL;DR
- polkadot‘s native token DOT is currently priced around $7.20, showing a modest weekly gain of 2% despite the improving cryptocurrency market.
- Analysts, including Michael van de Poppe and Crypto Thanos, are predicting a potential bull run for DOT with targets up to $17, driven by fundamental growth, improved use cases, and advancements in artificial intelligence and gaming.
While the cryptocurrency market has been booming lately, Polkadot’s native token DOT has not been registered like Significant gains were achieved in many of the leading assets. Its price is currently hovering around $7.20 (according to CoinGecko data), representing a 2% increase on a weekly scale.
DOT Price, Source: CoinGecko
However, many prominent analysts remain optimistic about the DOT’s is I haven’t experienced a bull run yetpraise its benefits. An example of this is X user Michael van de Poppe, who claimed that the coin “performed great on underlying growth.”
Hey believes This is the perfect moment for investors to enter the DOT ecosystem and predict a 130% rally towards $17. However, he added that the price must first overcome the “critical resistance” of $9.30.
Crypto Thanos and patient Crypto’s Capo also gave his two cents recently. Old default DOT is “still in accumulation range” and “improving” they Use cases every day. The analyst has high hopes for it based on several grounds, such as “radical change in usage” of the token, “elimination of the old parachain auction model”, reduction of inflation through burning of fees, and others.
Crypto’s Capo in their own right argument He said DOT is “establishing a new bullish trend” and is leading among major blockchains in Artificial Intelligence (AI) and game development.
Previous Predictions
Other analysts to touch Block Diversity and Altcoin Sherpa have also been involved in the matter in the last few weeks. Old guess As long as DOT remains above the $6.90 level, there will be a price increase. Remember its value briefly It was regained after falling below this level on May 31.
Altcoin Sherpa envisioned a bull run but claimed DOT was habit may outperform the rest of the market. Like, They think selling their assets during the next rally is the right move.
One of the important on-chain indicators that shows that the price of the asset has not yet increased is the Relative Strength Index (RSI). It ranges from 0 to 100 and is often used to describe overbought or oversold conditions in a market. The fact that the ratio is above 70 indicates that: DOT may be directed for correction. latest data demonstrations this RSI It has been below this level since May 22.
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