Cryptocurrency

Kusama

Polkadot

April

Momentum

Polkadot (DOT) is gaining positive momentum and could be poised for a significant price surge, according to crypto analysts. 
Michaël van de Poppe, an expert in the field, has identified encouraging market dynamics for Polkadot, suggesting a potential upward trajectory in the next few days or weeks. 
<h2 id="strong-polkadot-strong-strong-analyst-insights-strong-strong-promising-momentum-strong">Polkadot Analyst Insights: Promising Momentum</h2> 
Polkadot on the USDT pair showed a regular pattern of higher highs and lower lows, according to Van de Poppe, suggesting an increase in bullish momentum. He also pointed out that Polkadot’s Bitcoin pair is still around a cycle low, indicating a possible trend reversal. Van de Poppe theorised that Polkadot might be returning to its peak in the upcoming months based on these facts. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/hashtag/Polkadot?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#Polkadot</a> is starting to gain positive momentum, as it’s making higher highs and lower lows on the USDT pair. 
 The BTC pair is still at the cycle low, indicating a likely upward run on the horizon. 
 Perhaps <a href="https://twitter.com/search?q=%24DOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$DOT</a> can run towards an all-time high in the coming months. <a href="https://t.co/dewBRJO9dO" rel="nofollow">pic.twitter.com/dewBRJO9dO</a> 
 — Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1769403883783151718?ref_src=twsrc%5Etfw" rel="nofollow">March 17, 2024</a>
</blockquote> 
At the time of writing, Polkadot’s <a href="https://www.coingecko.com/en/coins/polkadot" rel="nofollow">price stands at $9.26</a>, with a 24-hour trading volume of $1.24 billion and a market capitalization of a little over $9 billion. 
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-598844" src="https://www.newsbtc.com/wp-content/uploads/2024/03/a_9787d6.png?resize=633%2C427" alt="" width="633" height="427" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/a_9787d6.png?resize=633%2C427?w=633 633w, https://www.newsbtc.com/wp-content/uploads/2024/03/a_9787d6.png?resize=633%2C427?w=460 460w" sizes="(max-width: 633px) 100vw, 633px" data-recalc-dims="1"> DOT price up in the last 24 hours. Source:<a href="https://www.coingecko.com/en/coins/polkadot" rel="nofollow"> Coingecko</a> 
Cryptocurrency experts have been closely monitoring Polkadot’s price fluctuations since the beginning of 2023. Drawing insights from historical data and market trends, these analysts anticipate an average DOT rate of $13.70 by March 2024. 
<img loading="lazy" decoding="async" class="aligncenter size-full" src="https://www.tradingview.com/x/kkQ10q4F/" width="1835" height="883"> 
However, they acknowledge a range of potential outcomes, with minimum and maximum price estimates standing at $10 and $17, respectively. 
<blockquote class="twitter-tweet"> 
 Starting today <a href="https://twitter.com/Polkadot?ref_src=twsrc%5Etfw" rel="nofollow">@Polkadot</a> <a href="https://twitter.com/kusamanetwork?ref_src=twsrc%5Etfw" rel="nofollow">@kusamanetwork</a> and 6 top <a href="https://twitter.com/hashtag/parachains?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#parachains</a> are now live on Dune! 
 Our mission is to make crypto data accessible, and we’re thrilled to help the <a href="https://twitter.com/hashtag/Polkadot?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#Polkadot</a> ecosystem in partnership with <a href="https://twitter.com/colorfulnotion?ref_src=twsrc%5Etfw" rel="nofollow">@colorfulnotion</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 Start your data journey<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/mMs4iO9w96" rel="nofollow">https://t.co/mMs4iO9w96</a> 
 — Dune (@DuneAnalytics) <a href="https://twitter.com/DuneAnalytics/status/1770087920994603325?ref_src=twsrc%5Etfw" rel="nofollow">March 19, 2024</a>
</blockquote> 
<h2 id="strong-blockchain-data-accessibility-revolutionized-strong">Blockchain Data Accessibility Revolutionized</h2> 
Meanwhile, in a move that promises to revolutionize crypto data analysis for Polkadot and Kusama, Dune Analytics has announced a groundbreaking partnership with Colorful Notion. This collaboration marks a significant leap forward in accessibility, bringing a wealth of on-chain data from these blockchains to the fingertips of Dune users for the very first time. 
Previously, analyzing on-chain activity within the Polkadot and Kusama ecosystems presented a challenge. However, this partnership empowers users with the ability to examine a rich pool of data, including decoded Substrate block data tables, extrinsics, calls, events, and transfers. 
This integration signifies a crucial step towards demystifying the complexities of blockchain data within the Polkadot ecosystem. By making this information readily accessible and fostering user-friendly analysis tools, the partnership between Dune Analytics and Colorful Notion holds immense potential for developers, researchers, and anyone with a vested interest in understanding the health and activity of the Polkadot network. 
Featured image from Pexels, chart from TradingView

Analyst Bullish On Polkadot (DOT), Predicts $17 Price Target Before April

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