Polka Dot Price Prediction : 2022-2030
March 17th, Polkadot Price Prediction : For the Next few hours, the price of Polkadot is expected to trade between $18.84 and $19.08.
The Current Outlook is Positive (Positive: 66%, Negative: 17%)
Two analysts
Support $ 18.84 (S3)
Resistance $ 19.08 (R1)
Status Buy
Price Prediction Polkadot 2030
As per the Polkadot forecast price and technical analysis, in 2030 the DOT price might cross an average price level of $420.70, the expected minimum price value of Polkadot by the end of the present year should be $408.66.DOT can reach a maximum price level of $501.44.
Polkadot Price Prediction and Forecast: Social Media Data
According to the Coin Price Forecast, Polkadot's price started in 2022 at $27.26. Today, Polkadot traded at $26.52. The Dot price at the end of 2022 is $58.52. In the middle of 2022, it is expected to see $43.33 per 1 Polkadot.
Price: Higher
Social Media Buzz: Lower
Technical: Buy
Polkadot Overview
CryptocurrencyPolkadotTicker SymbolDOTPrice$ 18.92Price Change 24h4.27%Price Change 7d10.03%Market cap$ 20,814,444,312Circulating Supply1,093,809,437 DOTTrading Volume$ 748,117,259All time high$55.00All time low$2.69Polkadot ROI586.61%
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 aims for blockchain interoperability
The Polkadot network was created in 2016 by Gavin Wood, co-founder of Ethereum. The project is being developed by the Switzerland-based Web3 Foundation, which aims to facilitate a fully decentralised web. Web3 refers to the next-generation internet, where decentralised platforms give users control over their privacy and personal data, rather than large corporations.
According to the project website, “researchers from Inria Paris and ETH Zurich, developers from Parity Technologies, and capital partners from crypto-funds such as Polychain Capital are all working together to develop a superlative realisation of Web3, with Polkadot at its core.”
What is Polkadot’s coin? The DOT cryptocurrency is the digital token the network uses for staking, bonding and governance. Staking is the process of receiving cryptocurrency as a reward for holding funds in a digital wallet to support operations of the blockchain. Bonding involves locking in a certain number of tokens for a specified period. Tokens are used by the Polkadot community for governance to vote on changes to the network. Unlike networks such as Bitcoin, Polkadot can be upgraded to fix bugs or introduce new features without requiring a hard fork, making it easier to adapt.
The first block of the project’s Relay Chain launched in May 2020 and the Polkadot coin was rolled out in a phased process.
Polkadot runs alongside the Kusama network, which was released as an initial version of the same underlying code to act as a live pre-production environment to test new features. There are also use cases for Kusama as a standalone network for early-stage startups, while Polkadot focuses on enterprise and business-to-business financial applications that require bank-level security and stability. They are based on the same multichain architecture, but the networks are expected to evolve independently.
The Polkadot development team said in a blog post that the project “was designed as an underlying infrastructure to realise the kind of scalability, interoperability, and security needed to enable the multichain future, allowing diverse layer-1 parachains to interact and communicate with each other within the ecosystem.”
Polkadot allows parachains (parallelisable chains, which are a simpler form of blockchain) and networks like Bitcoin or Ethereum to interoperate via bridges.
A bridge creates a compatible connection that allows users to securely transfer tokens or data between blockchains, whether they are public or belong to private enterprises. Several such bridges have been developed or are in development to connect Polkadot with other blockchains and the development is committed to connecting communities, aiming “to provide reusable development components that make it effortless to build and deploy bridges to other blockchains,” the post said.
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