Polkadot Price Prediction: DOT Gains Momentum, 2022 Price Prediction is $13.43

Polkadot Price Prediction: DOT Gains Momentum, 2022 Price Prediction is $13.43

2022 Polkadot Price Prediction 2022 is $13.43 (Revised Lower)

Polkadot Price Prediction for 2025 is $44.10

Two analysts

Polkadot Tradingview Chart with Latest Price

Polkadot Price Prediction: Last 24-Hour Performance

As per the current market analysis, DOT is following a downward trend. Its market cap is down by almost 4.31% with nearly 31.5% higher trading volumes. DOT’s current market cap rank is 10th, and the technical recommendation hints at a buying opportunity for the next few hours.

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DOT Price Prediction: Last 5 Days and YTD Performance

PolkadotBTCETH
5 Days-10.7%+3.55%+6.93%
YTD-68.7%-50.5%-54.2%

DOT Price Prediction: Volume and Market Cap

VolumeMarket Cap
August 8th$716M$10.2B
August 1st$652M$8.09B
May 1st$707M$15.1B
April 1st$1.12B$21.7B
January 1st$769M$28.2B
10k Jackpot NewSizes EH 07 3

Dot Price Prediction and Forecast: Technicals

Dot Coin Price Prediction and Forecast: Google Trends

The interest level on Google Trends for Polkadot is higher than in the last 24 hours. [Place the cursor on the graph below to check the latest interest levels]

Polkadot Price Prediction 2022

Polkadot’s in November 2021 touched its all-time high of $55 but since then there has been a retreat in the price of Polkadot. In 2022, the retreat has been massive, not only for Polkadot but for the entire crypto market. Currently, Polkadot is trading below $10. In the first week of January 2022, Dot was trading close to $30. The massive retreat in the price of Polkadot has decreased its 2022 Prediction. As of now, Polkadot is predicted to touch $10 by the end of 2022. This is lower than its January 1st week price.

MonthMax
Average DOT Price Prediction 2022July 2022$13.43

Polkadot Price Prediction 2025

If the same momentum continues, Polkadot may not be able to cross $20 even 3 years from now. In 2025 Polkadot is predicted to reach as high as $15.55. This is way beyond the all-time high that DOT attained in November 2021. The price is lower than its January 2022 price. However, its must be remembered that this price prediction is dependent on the current market condition. If the market condition improves, the price prediction for DOT will also change. As of now, considering the market condition DOT Price Prediction 2025 is less than $20.

MonthMax
Average DOT Price Prediction 2025July 2025$44.10

Comparing Past Performance with Competitors

What better way to understand if DOT is really worth investing in than to compare it with its competitors? The table clearly shows that Polkadot has underperformed most of the time, which begs the question why so?

 PolkadotSolanaCardanoPolygonAvalanche
1 Month-17%-14%-5%+27%-3%
3 Months-60%-63%-44%-38%-69%
6 Months-64%-62%-55%-53%-70%
1 Year-52%+27%-62%-25%+80%
5 Year+67%+992%+286%+99%+99%
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Comparing Past performance of DOT with BTC and ETH

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Bitcoin and Ethereum combined make up for 58% of the market (as of July 26) which means that all the cryptocurrencies will always be more or less on the same trajectory of BTC and ETH, the latter may have more influence given that more than 250,000 cryptocurrencies are launched using its blockchain.

Latest Polkadot Tweet

Originally tweeted by JAVON⚡️MARKS (@javonnnm) on August 8, 2022.

🔥#DOT‘s 9h chart continuing to climb and may have much MORE to go as prices look to be in the process of an uphill run to the target at $11.7972!

That target is technically in play, meaning $DOT can climb over 23.4%+ to MEET IT and may move at higher speeds to do so!

#Polkadot

FZovtstXwAIU0d

Latest Polkadot Latest Video

YouTube video

What is Polkadot?

‘The multichain vision for Web3 starts here’ is the 1st thing you see on Polkadot’s website. Polkadot promises true interoperability which means that one can transfer data and assets too, apart from tokens, which makes DOT special since Arweave can help you store data but cannot transfer assets, which makes Polkadot a very sought-after cryptocurrency/ blockchain. Polkadot’s combination of many special blockchains makes it a ‘para chain’.

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Polkadot Price Prediction: History of Polkadot

  • Dr. Gavin Wood founded the Polkadot blockchain network. Gavin Wood was the chief training officer and core developer of Ethereum.
  • He left Ethereum in the year 2016 and in the same year published the whitepaper on Polkadot.
  • In 2017, Wood also co-founded the WEB3 Foundation, a non-profit entity established to support the research and development of Polkadot.
  • In October 2017, the Polkadot foundation hosted the initial coin offering and raised $145 million in just under two weeks.
  • The DOT is the native token of the Polkadot blockchain.
  • The Polkadot network uses a proof of stake consensus algorithm.

What is the use of DOT Token?

The Dot Token, the native token of Polkadot is used for serving three purposes: 1. Governance, 2. Staking, and 3. Bonding

Governance: The Dot holders have full control over the protocol. By Governance in blockchain, it means how a transaction and block can be verified based upon the rules and how the rules can be enforced. Polkadot provides a facility of Governance through its proof of stake consensus. By this function, even the fees of the network is determined. These functions are not formally granted to DOT holders, but rather the underlying code of Polkadot will enable DOT holders to participate in governance.

Staking: Polkadot provides a medium of rewarding the holders by the process of staking. Game theory incentivizes token holders to behave in honest ways. In order to secure its network, Polkadot rewards the good actors while the bad actors will lose a stake in the network. The polkadot network will rely on the holders solely for executing this function. DOT required to participate in the network will vary according to the activity undertaken, the duration DOT is staked for, and the total number of DOT staked.

Bonding: Bonding is a form of proof of stake. By this new parachains are added to the Polkadot network. The DOT will be locked during their bonding period and will be released back to the account that bonded them.

Pumps and Dumps of DOT in the last 2 months:

  1. Dump: June 6th to June 13th – Price falls from $9.8 to $6.48
  2. Pump: June 20th to June 25th – Price rises from $7.5 to $8.2
  3. Dump: June 27th to July 2nd – Price falls from 7.8 to 6.5
  4. Pump: July 2nd to July 7th – price rises from $6.7 to $7.1

Reasons for the Dumps and Pumps of DOT

  • Polkadot is said to be valuable in the long run since it is the 7th largest cryptocurrency by market cap, additionally, the features mentioned above make DOT a very valuable asset as a cryptocurrency.
  • Acala, which is the leading Defi platform on the DOT Network announced a $250 million USD ecosystem fund, which made the investors rush to buy the token with expectations of greater returns over time.
  • The larger reason why there was an occasional dump in DOT’s prices was because of the overall declining cryptocurrency market which also affected DOT among many others.

Where to Buy Polkadot?

Polkadot is falling gradually and now it is below $7. However, investors are showing interest in Polkadot. Here is where you can buy Polkadot:

Coinbase

Coinbase is one of the most popular and reliable places to buy cryptocurrencies.

Binance.com

Binance.com offers users to purchase of Polkadot coins; however, you can’t buy DOT coins from Binance.us.

Uphold

Uphold is a commission-free desktop and mobile trading platform that gives you access and the opportunity to trade Polkadot (DOT).

Polkadot Price Prediction: Frequently Asked Questions

Will Polkadot reach 100 dollars?

Polkadot has been trading lower this year. It has lost all the momentum that it had gained in 2021. Currently Polkadot is trading below $10 and the current momentum does not suggest the price of Polkadot to rise higher.

For Polkadot to reach $100, the very first thing that needs to change is the market condition. With the current market condition, it is highly impossible for Polkadot to reach $100 even in 2025. The maximum predicted price for the 2022 end is $10 and by 2025 end is $16. However, if the market condition improves there are high chances for Polkadot to reach $100.

Is Polkadot going to rise?

The rocky history of DOT makes it a very risky investment. DOT is the native cryptocurrency of the Polkadot Blockchain. DOT has witnessed a 15% decline in price in the last 7 days and has lost more than $1 B of its market cap which is roughly 13% of its old market cap. As a result of this, it slipped from Rank #7 to Rank #12 in the last 10 days. Should you be worried? Will DOT go back up?

For Polkadot to rise the overall crypto market condition needs to improve. The market condition is completely dependent upon geopolitical events and also the news regarding the advancement of the crypto networks. Currently, world events are not favoring for the rise of stock or the crypto market. Technically the world is in recession and the cost of living has increased. Therefore, people are more focused on meeting their ends rather than investing in cryptos.

Therefore, for all cryptos to rise, the market condition needs to improve. The same applies to Polkadot. If the market surges, Polkadot will rise else it may retreat further.

Will Polkadot Go Up? Long Term Investment?

Polkadot can be considered for long-term investment since it has performed well in the 5 Year parameter, however, the returns are still much below what one would get in any other cryptocurrency in the same time period.

image 295

Despite reaching the heights of 1300% growth the token is still floating at a mere 68% growth in the last 5 years. Therefore, one can make an investment in it if these suffice their need.

What could Polkadot be worth in 10 years?

It is highly difficult to predict the price of Polkadot 10 years from now. The price of crypto is basically dependent on the world event. In 2021 there was a huge surge in the crypto market and the overall crypto market cap went over $3T but now that is 7 months into 2022, the overall crypto market cap is below $1T.

Polkadot in 2021 clocked $55 and now it is below $10. Therefore, in 10 years Polkatdot could rise over $100 or could fall below $10 will be decided by the events that unfold then. As of now, if the same condition of the market remains, Polkadot may not cross $20 even 10 years from now.

Will Polkadot Go Up? 1-month and 3-months Performance

To make an estimate about the future, lets understand the past. Though it is negative in both the charts, the bumpy downward trend is what’s important here. Given the performance, it is safe to assume that Polkadot may not be a good investment for short term.  However, if one wants to make an investment, continuous monitoring of the price is recommended.

image 294

When will Polkadot reach $50?

With the cryptocurrency markets picking up again, Polkadot can also rise again and breach its ATH and go $50.

% Of GrowthNumber of Years
10% Growth23 Years
20% Growth12 Years
30% Growth9 Years
40% Growth7 Years
50% Growth6 Years

When will Polkadot reach $100?

Reaching $100 would mean that DOT would have to grow 2x its ATH. Can Polkadot reach $100?

% Of GrowthNumber of Years
10% Growth30 Years
20% Growth16 Years
30% Growth12 Years
40% Growth10 Years
50% Growth8 Years

Final Outcome

Polkadot would be a risky investment and therefore should be proceeded with caution. The rocky past and dependence on ETH and BTC’s pricing coupled with ETH 2.0 arriving all pose a threat to DOT, however, its interoperability, energy efficiency, and customized blockchain development paired with cross-chain / ‘para chain’ combination make it a unique blend for any developer. Polkadot is amongst the unique cryptocurrencies or blockchain networks, the use of DOT is vast and will remain useful. However, the bumpy past of the para chain makes is very difficult to say whether the crypto would succeed on its own or would it have to depend on major cryptocurrencies like BTC and ETH.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

Read: SOL Solana Price Prediction And Forecast

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