Connect with us

Blockchain

A Popular Analyst Predicts Polkadot (DOT) Price to Hit $300 Very Soon!

polkadot price

The post A Popular Analyst Predicts Polkadot (DOT) Price to Hit $300 Very Soon! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Bullish Divergence Follows Polkadot Price Polkadot price manifested bull ride vibes a couple of days before indicating a possible initiation of a Polkadot Season. The bull run escorted the asset to enter the top 5 cryptocurrencies including Cardano. Despite both lost their positions, DOT successfully regained the lost position and currently is the fourth largest …

Avatar

Published

on


Bullish Divergence Follows Polkadot Price

Polkadot price manifested bull ride vibes a couple of days before indicating a possible initiation of a Polkadot Season. The bull run escorted the asset to enter the top 5 cryptocurrencies including Cardano.

Despite both lost their positions, DOT successfully regained the lost position and currently is the fourth largest cryptocurrency according to market capitalization.

The Polkadot ecosystem is anticipated as the upcoming blockchain platform addressing the issues of the current trending ethereum ecosystem. And hence, many projects are scheduled to be released in 2021 which may rally the DOT price to the next level. 

However, the projects currently working on the Polkadot ecosystem like Kusama(KSM), Polkastarter(POLS), Polkacover(CVR), Polkabridge(PVR), etc are performing exceptionally with a notable surge. 

As mentioned by a popular analyst, Lark Davis, the Polka-based projects are currently undervalued and they will be the biggest moneymakers of 2021. Moreover, the analysts raised his DOT price prediction from $100 to $300. 

DOT price Flys High!

The DOT price was trending in a narrow ascending channel for a couple of days, which compelled the price to remain below $35. However, the price broke the ascending channel and surged high to smash new ATH in the early trading hours.

ADA price

The DOT price at the time of writing is on the verge to test the levels around the ATH yet again, within a very short timeframe. This indicates the strong bullish momentum the asset holds and also manifest the impassive run to form new higher levels.

Currently, the DOT price is $38.23 with a jump of 16.27% in the past 24 hours, just 1.03% lagging behind the ATH at $38.49. The bull run seems to break the $40 mark very soon forming a couple of ATH in the same working day and hence flying high in the coming days.

On the contrary, the RSI levels are already entered the overbought area above 80 levels and hence a slight pullback cannot be ruled out. Yet the Polkadot price is expected to rebound within a small timeframe and hit the target set at $100.

Source: https://coinpedia.org/news/polkadot-dot-price-to-hit-300/

Blockchain

Avatar

Published

on

Coinsmart. Beste Bitcoin-Börse in Europa
Source:

Continue Reading

Blockchain

Avatar

Published

on

Coinsmart. Beste Bitcoin-Börse in Europa
Source:

Continue Reading

Blockchain

Avatar

Published

on

Coinsmart. Beste Bitcoin-Börse in Europa
Source:

Continue Reading
Blockchain1 day ago

ETHFUND Launches First NFT Tokenization of Online Movies in China

Blockchain5 days ago

Nhash Cloud Mining Get 30$ Free When You Sign Up

Blockchain3 days ago

PancakeSwap DeFi Governance Manipulated by Single Whale Vote

Blockchain4 days ago

Filecoin Price Analysis: 18 April

Blockchain5 days ago

Top Trader Says Crypto Asset That Surged 2,550% in Two Months Has No Limits

Blockchain4 days ago

DeFi Deep Dive – Synthetix, Real World Assets to Crypto

Blockchain5 days ago

Shark Tank’s Barbara Corcoran Advocates Getting Rich by Investing in Real Estate, Not Cryptocurrencies

Blockchain5 days ago

Bank of Brazil Offering Exposure to a Crypto ETF for Its Customers

Blockchain5 days ago

The 5 best decentralized VPNs for data privacy

Blockchain4 days ago

Ripple Price Prediction: XRP/USD Slide below $1.56; the Coin is Down with 11.63%

Blockchain3 days ago

NFT Game Market Booms as Startups Raise Millions of Dollars

Blockchain4 days ago

Sunday Bitcoin Flash Crash Sees $10 Billion in Positions Liquidated

Blockchain5 days ago

Bitcoin (BTC) Price Prediction: BTC/USD Shows Weakness, Slumps From $65,000 High But Finds Support above $60,000

Blockchain5 days ago

Venus (XVS) price aims for $100 amid rising TVL and surge in DeFi users

Blockchain5 days ago

Silicon Valley ‘Super Angel’ Investor Ron Conway Says Crypto Economy Is the Next Multitrillion Dollar Opportunity

Blockchain5 days ago

Binance Launches Tradable Stock Tokens, Starting with Coinbase and Tesla 

Blockchain4 days ago

If You Want a Cheap Bitcoin Mining Rig, You Could Use a Commodore 64

Blockchain5 days ago

Crypto Asset Manager Kryptoin Re-Files for a Bitcoin ETF 

Blockchain5 days ago

VET Price Analysis: Unlocks New All-Time Highs, Consolidation in View

Blockchain5 days ago

Which Crypto/Stock Will Elon Musk Promote After Gamestop and DOGE?

Blockchain5 days ago

$7.6 billion in crypto long positions liquidated in one hour as bitcoin plunges to $52,000

Blockchain2 days ago

MLB Legend Ted Williams’ NFT Art on Deck at Auction

Blockchain5 days ago

VeChain Mentioned in 2021 Forbes Blockchain 50, Parabolic Move In Sight?

Blockchain2 days ago

MakerDAO Governance Votes on Liquidation System Upgrade

Blockchain1 day ago

JPMorgan Strategists Warn Bitcoin’s Momentum Could Collapse

Blockchain5 days ago

Canada Approves Three Ethereum ETFs, Ether Funds Set to Launch on TSX Next Week

Blockchain5 days ago

Societe Generale Taps Tezos (XTZ) Blockchain for Issuance of Security Token 

Blockchain5 days ago

Technical Analysis – Loopring (LRC), Bancor (BNT), and JUST

Blockchain5 days ago

5 Tips on How To Start a Business Through Crypto Investing

Blockchain4 days ago

‘Popularity of NFTs Shows People Are Ready to Work With Crypto’ — The Week in Quotes

Trending