NEAR Protocol

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Polkadot

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<p>A popular crypto analyst and trader is making a bold prediction about the future price movement of <a href="https://coinmarketcap.com/currencies/polkadot-new/" target="_blank" rel="noopener noreferrer nofollow">Polkadot (DOT),</a> suggesting that the blockchain project has hit its bottom and is gearing up for a meteoric rise of over 170%.</p>
<p><a href="https://twitter.com/CryptoMichNL/status/1791053478975938594?t=91RgQnSOf8WkSexCsv58sA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Michaël van de Poppe,</a> a well-known figure in the crypto community with over 700,000 followers on X, shared his analysis on the DOT token. In a tweet, he stated, <em>“#Polkadot has seen a substantial correction in the past months, through which it came back to the pre-rally levels. I think it has bottomed, especially since JAM Whitepaper came out. Next rally will likely bring $DOT to $20-25.”</em></p>
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<p>At the time of writing, DOT is trading at around $6.5, indicating a potential upside of over 170% if van de Poppe’s prediction holds true and the token reaches the $20-$25 range he forecasts.</p>
<p>Van de Poppe’s bullish outlook is based on his belief that Polkadot has already endured a significant correction, retracing to pre-rally levels. Additionally, he cites the recent release of the JAM Whitepaper, a document detailing Polkadot’s upcoming messaging protocol, as a potential catalyst for the anticipated rally.</p>
<p>However, the analyst acknowledges a potential roadblock in the form of resistance around the $9 level. According to his analysis, the price of DOT could surge to approximately $9 before encountering significant resistance, which could temporarily impede the projected rally to the $17 mark – a level that would represent a more than 160% increase from the current price of $6.5.</p>
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<p><em><strong>Read Also: <a href="https://captainaltcoin.com/near-protocol-surges-17-amidst-bitcoins-btc-recovery-is-16-next-heres-what-price-action-reveals/" target="_blank" rel="noopener noreferrer nofollow">NEAR Protocol Surges 17% Amidst Bitcoin’s (BTC) Recovery: Is $16 Next? Here’s What Price Action Reveals</a></strong></em></p>
<p>Polkadot, a multi-chain network designed to facilitate interoperability and scalability among various blockchains, has garnered significant attention within the crypto community. The project’s ambitious goals and innovative approach have positioned it as a potential leader in the rapidly evolving blockchain ecosystem.</p>
<p>Nonetheless, van de Poppe’s analysis has undoubtedly added to the growing anticipation surrounding Polkadot’s future performance, with many investors and enthusiasts eagerly awaiting the potential rally predicted by the influential analyst.</p>
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<p>The post <a href="https://captainaltcoin.com/polkadots-dot-to-spike-160-as-top-analyst-confirms-price-bottom-but-this-resistance-could-shorten-price-the-rally/" rel="noopener noreferrer nofollow">Polkadot’s DOT to Spike 160% as Top Analyst Confirms Price Bottom, but This Resistance Could Shorten Price the Rally</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polkadot’s DOT to Spike 160% as Top Analyst Confirms Price Bottom, but This Resistance Could Shorten Price the Rally

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