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. Let us analyze the current details of Polkadot protocol and understand the Polkadot price prediction for the future.

Polkadot: Not a Design or Pattern: Way of Life

A flagship project by Web3 Foundation, a Swiss foundation, Polkadot relay chain 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. Polkadot has newly launched its anticipated Polkadot Parachain. The auction system recently had its fourth auction, which was won by Parallel Finance.

Gavin Wood was the former co-founder role at Ethereum Foundation. 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 Polkadot network, it has immense benefits to offer viz. shared highly volatility security of central 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 Overview

Cryptocurrency Polkadot
Ticker Symbol DOT
Price $11.23
Price Change 24h +8.52%
Price Change 7d +0.93%
Market cap $10,056,622,330
Circulating Supply 987,579,315 DOT
Trading Volume $613,842,129
All time high $55.00
All time low $2.69
Polkadot ROI +266.15%

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 $0.30, the users’ purchase trend brought it to a resistance level of $6 by the end of August 2020.

The historical Polkadot price predictions started to trade at $5.20 in the mid of September and further plummeted. It spiraled downwards around first half of October 2020, trading at $4.42, and further dipped to $3.86 in the mid of October. By the end of October, it was around $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.

Over the last year, Polkadot has marked tremendous growth as the DOT price got sharp spike which took its price upto $47 in the last mid-May. After that, the price of Polkadot faced rejection and it fell around $11 in a month. However, the DOT coin regained its lost momentum and registered an all-time high of $55 in the last November. Later, Polkadot faced significant selling pressure and continued to trade bearishly till date.

Polkadot Forecast: Seeking Expert Opinion on DOT Prediction

Investors always apprehend asking tough and risky questions as to whether Polkadot is really worth investing in! Experts seem optimistic as well:

The Price Prediction forecast the price of Polkadot crypto to trade around $25 in 2022, $37 in 2023, and $84 in 2025. The estimated price rise in the coming five years is $180, increasing by 868%.
Price Prediction

The predicted price may rise to +69% by the year end as per DOT crypto price prediction. In the middle of 2022, we expect to see $28.47 per 1 Polkadot. In the first half of 2023, the Polkadot price will climb to $$41.64.Coin Price Forecast

Based on our Polkadot price prediction, a long-term increase is expected, the price prognosis for 2027 is $93.713. With a five years profitable investment option, the revenue is expected to be around +397.2%.
Wallet Investor

According to Polkadot price predictions, DOT prices might grow massively in six years, say by 2028, it should have a clear rally around $62 to $75. Digital Coin Price

There is hope for consolidating trends as per Polkadot forecast that point towards the fact that there is hope for Polkadot, and it may cross $155 mark by the end of one year. GOV Capital

Polkadot (DOT) has a bright future and will see the bull ride around 2024 with Polkadot price predictions reaching $30.761.Trading Beasts

Polkadot Price Chart

DOT’s price started in 2022 at $28. After a month, the Polkadot traded downwards around $19. As shown in the above DOT/USD price chart, the coin marked considerable fall after it hit its ATH of $55 in the last November. However, since the beginning of this year, Polkadot has marked moderate fluctuations. Currently, the DOT price is trading around $18 with slight upside momentum. If the DOT crypto continues to trade upwards, it may hit 23.60% fib level and cross $23 price mark.

Polkadot Price Prediction

On the downside, it holds active support levels of $14 and if it corrects below $14, it has the strong support of $10. Based on technicals and current price formation, the Polkadot price might record upward movement in the near future. Let’s explore DOT predictions for the following years.

Polkadot (DOT) Price Prediction

The Polkadot has a market capitalization of $18,469,959,443 and ranks among the top 10 cryptocurrencies on various exchanges. The detailed Polkadot price prediction & Polkadot technical analysis of various experts do not deter the Polkadot cryptocurrency price from outperforming the rivals by any means.

Polkadot prediction 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 has truly somersaulted in the last year, totally transforming the trend from the beginning towards the end of the year.