2024

Polkadot

<ul class="list-ic vertical">
 <li>1 <a>The Polkadot token price is up by 5.17% in the past 24 hours and was at $8.65 at the time of writing.</a></li>
 <li>2 <a>A bullish crossover of the EMAs was noted on the chart which suggests a strong outlook.&nbsp;</a></li>
</ul>
Polkadot is an open source multi chain protocol that connects and enables the exchange and transaction of data or assets. It allows easy development and integration of custom blockchains using polkadot substrate.
The basic polkadot chain is the relay chain, and there are several other parachains that can run in parallel. It also has a native token called “DOT”. It is used for stake placement, governance and bonding.
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="947" height="520" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-31.png" alt="Polkadot Price Forecast: What Factors Could Drive DOT Higher?" class="wp-image-186570" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-31.png 947w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-31-300x165.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-31-768x422.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-31-750x412.png 750w" sizes="(max-width: 947px) 100vw, 947px">
 </figure>
</div>
<h2 class="wp-block-heading" id="strong-polkadot-crypto-price-technical-analysis-strong">Polkadot Crypto Price Technical Analysis</h2>
The technical analysis of the daily chart illustrates that the Polkadot crypto has been on a continuous rise since mid November. The price is headed higher, forming higher highs and higher lows. Recently, the <a href="https://www.thecoinrepublic.com/2023/12/31/ordi-price-prediction-will-bulls-succeed-in-attaining-100/" target="_blank" rel="noopener noreferrer nofollow">DOT crypto price </a>slipped down after attempting to surpass $10 level. The price then fell back near the $8 and has halted the further downfall. The price surged nearly 6% in the last few sessions, indicating the buyers’ presence at the lower levels.&nbsp;&nbsp;
The price may again surge to test the presence of sellers near the round level of $10. If the buyers are able to counter sellers near the recent resistance, the price may again continue to form an upward trajectory.
<h2 class="wp-block-heading" id="strong-polkadot-crypto-price-prediction-january-2024-strong">Polkadot Crypto Price Prediction January 2024</h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="472" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-30-1024x472.png" alt="Polkadot Price Forecast: What Factors Could Drive DOT Higher?" class="wp-image-186568" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-30-1024x472.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-30-300x138.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-30-768x354.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-30-1536x708.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-30-750x345.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-30-1140x525.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-30.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 Source: DOT/USD by TradingView
 </figcaption>
 </figure>
</div>
The short term price prediction for Polkadot crypto implies a neutral to bullish outlook for January 2024. The analysts have a wide range of price targets lying between $10.59 on the positive side to $6.42 on the negative side.
Polkadot Crypto Price Prediction 2024
The long term trend suggests a bullish outlook due to which the price may show gains. The most optimistic forecast assumes that the DOT crypto may advance to a high of $15.03 by 2024 end. Whereas, the pessimistic outlook suggests the crypto may rise to $11.81.
Polkadot Crypto Price Prediction 2025
By next year, the DOT crypto may show positive gains. The price may therefore advance to a high of $21.81 suggesting an upside potential of 157.59%. The pessimistic view of analysts expect the price to reach a high of $13.76.
Polkadot Crypto Price Prediction 2026
According to the most optimistic analysts’ projections, the DOT price could reach as high as $25.30 over the next two years. The minimum price projection made by the analysts by the 2026 end is $18.04.
Polkadot Crypto Price Prediction 2027
The price analysis for the year 2027 shows that the DOT cryptocurrency may achieve $31.84 as the highest price. The bearish view of the analysts expects the price to reach a low of $22.91 by 2026.
Polkadot Crypto Price Prediction 2028
The most bullish analysts foresee a potential price of $36.40 by the year 2028. A minimum price target that the DOT crypto may achieve by 2027 is $28.11.&nbsp;
Polkadot Crypto Price Prediction 2029
The price forecast of the Polkadot crypto shows that it may reach a high of $44.49 by 2028 if the most optimistic condition prevails. By 2028, the analysts’ lowest forecast for Polkadot is $33.29.
<h4 class="wp-block-heading">Disclaimer</h4>
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;

Polkadot Price Forecast: What Factors Could Drive DOT Higher?

Obsah

Thecoinrepublic.com

Ďalšie články zverejnené 2. 1. 2024

2 Alternative Ways to Buy Cryptos in India

Indonesia Stands Strong Against Illegal Bitcoin Mining and Electricity Theft

ETF Deadline is Approaching and SEC Got Engaged with Paperwork

MetisDAO (METIS) Prepares for a Strong 2024 with Significant Price Surge

Analyst Issues Warnings on 14 Altcoins Amid Bull Run Uncertainties

Will Bitcoin Spot ETF Approvals Turn into a “Sell the News” Event? Research Firm Lists the Possib...

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!