Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
Polkadot (DOT) trades near the lower boundary of a parallel channel pattern on the weekly timeframe. The crucial support area has gained significant attention because buying demand has increased while volume patterns indicate accumulation activities. The current market situation indicates Polkadot could potentially experience an upward movement if its present support level maintains strength, which […]
According to a Messari report, the Polkadot (DOT) blockchain protocol made significant progress in the first quarter (Q1) of the year in terms of market capitalization, revenue, and Cross-Consensus Message Format (XCM) activity, as well as a record increase in daily active addresses. DOTs Market Cap Surges 16% QoQ During Q4 2023, Polkadots market capitalization [...]
The post Record-Breaking Q1 For Polkadot: Daily Active Addresses Hit 514,000 As DOT Price Surges 7% appeared first on Crypto Breaking News.
Polkadot (DOT) has recently experienced a significant uptick in its market value, hinting at the possibility of substantial growth in the near future. Analysts across the board are voicing their confidence in DOTs potential, painting a picture of optimistic forecasts and anticipating a noteworthy surge in its value. As of the current moment, DOT is valued at $7.44 per token. Over […]
Polkadot (DOT) has come under the spotlight with crypto analysts laying out bullish narratives for the crypto asset. One of them is crypto expert Michaël van de Poppe, who believes Polkadot could rise to as high as $25 in this bull run. Polkadot Could Reach $25 On Next Leg Up Michaël van de Poppe mentioned in an X (formerly Twitter) post that Polkadots next rally will see it climb between $20 and $25. He explained that the crypto token has seen a substantial correction in the past months, but it showed enough strength by coming back to pre-rally levels. The analyst further claimed that Polkadot has bottomed, especially since JAM Whitepaper came out. Related Reading: PEPE Whales Go On Massive 720B Shopping Spree Amid Campaign For New ATHs, Is It Time To Get In? As such, he believes that Polkadot is more than primed for this rally, which could propel it to such heights. The crypto analyst has been a big believer in Polkadots potential. He previously included Polkadot in a list of crypto tokens that he believes are undervalued. He claimed that DOTs valuation was still at a cycle low, which had opened up a huge opportunity to invest in it. Van de Poppe is very much invested in Polkadot because of its technology. In a previous X post, he highlighted how the JAM (Join-Accumualte Machine) Paper, which ushered in Polkadot 2.0, would revolutionize DOTs ecosystem. He also claimed that Polkadot is the second largest blockchain in terms of developers and growth. Therefore, he expects DOTs price to complement the teams efforts soon enough. Meanwhile, Van de Poppe expects Polkadot to reach as high as $20 in the third quarter of this year. For now, he believes that the $8 and $17 range are crucial resistance levels that the crypto token must break out of to enjoy such a parabolic rally. A More Bullish Prediction For DOT Crypto analyst Crypto Thanos offered a more bullish prediction for Polkadot, stating that the crypto token climbing above $50 is easily achievable in this bull run. He believes this price is attainable because he expects institutions to get interested in large caps like Polkadot. He also noted Polkadots collaboration with Tie, which aims to increase institutional exposure and access. It is worth noting that Polkadots all-time high (ATH) is currently $55, which makes Thanos prediction for the crypto token feasible. Crypto tokens are known to usually surpass their ATH in every bull run. Related Reading: Why Is This Crypto Pundit Warning XRP Investors To Be At Alert For The Next 3-12 Months Crypto analyst Captain Faibik provided insights into what to expect from Polkadot in the short term. He predicts the crypto token will record a 35% bullish rally soon enough. He said a major trendline breakout/retest has already been confirmed for DOT on the four-hour timeframe chart. At the time of writing, Polkadot is trading at around $7.11, up over 2% in the last 24 hours, according to data from CoinMarketCap. Chart from Tradingview.com
Polkadot (DOT) is on the verge of a significant upward movement, capturing the attention of analysts and investors alike. Recently, the price of Polkadot broke above the upper limit of its medium- to long-term downtrend line, showing a trend of slowing decline. The current trading price of the cryptocurrency is located inside a rectangle, where […]
Veteran analyst Michaël van de Poppe believes Polkadot (DOT) has bottomed amid the latest market downtrend, projecting a price surge…
The post Analyst Van de Poppe Identifies Polkadot Bottom, Projects Rally to $25 in Next Upswing first appeared on The Crypto Basic.
Polkadot (DOT), one of the top-performing cryptocurrencies, is showing strong potential for a breakout as the market stabilizes after a turbulent period. Following a sharp decline in Bitcoins price below $80K, altcoins, including Polkadot, experienced considerable volatility. However, with the market now regaining stability, Polkadot seems to be on a positive upward trajectory, offering an […]
According to Çanur Cessur in a recent post on X, Polkadot (DOT) has been consistently trading within a clearly defined black channel on the monthly chart. This channel is formed by well-established horizontal support and resistance levels, which have been tested numerous times over the past 4 to 5 years. The range, spanning from $4 on the lower end to around $12 at the top, has effectively boxed in DOTs price action, shaping a long-term sideways market structure. A clear move beyond this 5-year range, especially on strong volume, could mark the beginning of a new trend, either into price discovery or deeper support levels. Analysing Price Action Within The Channel Cessur emphasized in his recent analysis that the green channel shown on the Polkadot chart represents a downtrend that has been in place for nearly four years. This trend has consistently guided the broader market structure, acting as a long-term resistance. However, he noted that if DOT manages to break above this channel, it could set the stage for a major trend reversal to new highs in the months ahead. Related Reading: Polkadot Rebounds Slowly As Oversold Conditions Ignite Bullish Hopes He also drew attention to DOT’s short-term outlook, where a red falling channel on the weekly timeframe has just been breached to the upside. According to Cessur, this development is a sign of potential bullish continuation, positioning DOT as one of the altcoins to start an increase. The analyst concluded that if the asset continues to follow the multi-year pattern of ranging from $4 to $12, another climb toward the top of this range seems likely. Most importantly, if the weekly candle closes above $4.70, he noted that the chances of seeing a swift move toward $10 could increase significantly, supported by growing bullish momentum and historical price behavior. Bear Case: Losing $4 Might Send Polkadot To All-Time Lows The bear case for Polkadot revolves around the critical $4 support level, which has been pivotal in maintaining the altcoins price structure. If DOT loses the $4 mark, it might signal a deeper bearish move. This would invalidate recent bullish hopes and raise the potential for further declines as market sentiment shifts to a more risk-averse stance. Related Reading: Polkadot (DOT) Must Retest Crucial Support To Sustain Uptrend Details Such a drop would suggest that the upward momentum observed in recent months could be a false rally, with DOTs price unable to maintain its position above key support levels. Its failure to hold above $4 may prompt heightened selling pressure, especially when broader market conditions worsen or there’s a loss of confidence in Polkadots long-term prospects. Additionally, a move below this critical support would raise the probability of a retest of all-time lows, which would be a significant bearish development for the token. In this scenario, patience and strategic re-entry points would become key factors for short and long-term holders. Featured image from Adobe Stock, chart from Tradingview.com
Polkadot (DOT) has recently experienced a significant uptick in its market value, hinting at the possibility of substantial growth in the near future. Analysts across the board are voicing their confidence in DOT’s potential, painting a picture of optimistic forecasts and anticipating a noteworthy surge in its value. At the time of writing, Polkadot is trading at $6.87, […]
Polkadot (DOT) is in a critical state, but the support levels look quite firm on lower time frames. The cryptocurrency is yet at the early stages of wave 2, which suggests an upward movement. The price action has now completed five waves so far up, implying that despite the rally, there could still be resistance […]
Polkadot (DOT) recently breached the lower boundary of its ascending trend channel. This development signals a potential shift in its medium to long-term trajectory, indicating either a slowdown in its upward momentum or the beginning of a more sideways movement, reflecting a change in market sentiment. Regarding key levels, Polkadot has found support around $6.30, […]
Gavin Wood, the founder of the Polkadot protocol, has unveiled a new Gray Paper outlining the forthcoming Join-Accumulate Machine (JAM) upgrade for the network. This announcement occurred during Wood’s presentation on Polkadot’s future at the Token2049 crypto conference in Dubai. Wood introduced the JAM Implementer’s Prize, a 10 Million DOT prize pool, to encourage diverse development of the JAM protocol. Polkadot Unveils JAM Upgrade According to the announcement, the JAM upgrade aims to replace the relay chain, which acts as the central data chain in the Polkadot network, with a “more modular and minimalist design” that will allow Polkadot to run generic services and increase network stability. Related Reading: Ripple CEO Walks Back $5 Trillion Crypto Marker Prediction, Unveils New Target The parachains service within JAM will support existing Substrate-based parachains, enabling developers to continue using Substrate to develop and deploy their blockchains. Notably, these services will have no predefined limits on code, data, or state capacity and can accommodate additional DOT deposits for increased capacity. JAM’s design includes several technical improvements. It replaces WebAssembly with the Polkadot Virtual Machine based on the RISC-V ISA, an open-source instruction set architecture (ISA) used to develop custom processors. It also introduces SAFROLE, a SNARK-based block production algorithm. These upgrades are reportedly designed to optimize performance and scalability within the Polkadot network. On The Path To Decentralization? To realize the vision of a truly decentralized protocol, Polkadot aims to support multiple client implementations. Furthermore, the JAM Implementer’s prize has been established to incentivize and fund projects contributing to the development of JAM implementations. The announcement further reads on the matter: We believe that supporting a range of implementations in various programming languages will strengthen the ecosystems foundation. It distributes the power of protocol implementers more widely and reduces the risk of a bug in one implementation taking down the entire network. The JAM Implementer’s Prize will collaborate with existing and future funding initiatives that support Polkadot’s ecosystem and technology stack. These initiatives include Decentralized Futures, Grants, and Polkadot’s on-chain treasury. The prize will be activated when JAM is ratified as a Polkadot technology through the network’s on-chain governance mechanism. Related Reading: Railgun Among Crypto Market Top Gainers: Why Is RAIL 53% Up? Overall, Gavin Wood’s introduction of the JAM upgrade and the associated 10 Million DOT prize reflects Polkadot’s intention to increase the protocol’s use and adoption. JAM’s modular design and incentives for multi-client implementations are also expected to contribute to ongoing efforts to decentralize the Polkadot network. As JAM development continues, the Polkadot ecosystem welcomes proposals from teams interested in implementing it in various programming environments. Despite the recent announcement, the network’s native token, DOT, has been unable to break the downtrend witnessed over the past month. Currently trading at $6.75, it reflects a significant 24% decline in price over the last 30 days. Featured image from Shutterstock, chart from TradingView.com
Polkadot (DOT) price has taken a dramatic turn, breaking below the crucial $4.8 support level, a critical threshold that previously provided stability for the asset. This decisive move to the downside signals increased bearish pressure, as sellers continue to dominate the market. With DOT now trading in a vulnerable zone, concerns are mounting over whether further losses could be imminent. Despite the bearish outlook, the $3.5 key support zone remains in focus, offering potential areas where DOT could stabilize or even stage a recovery. If bulls step in with strong buying momentum, the price could attempt to reclaim lost ground. However, failure to hold above these crucial levels may result in a deeper correction, pushing DOT toward even lower price points. Market Sentiment And What It Means For Polkadot Market sentiment plays a crucial role in shaping Polkadots price action, especially after its breakdown below the $4.8 support level. Currently, bearish sentiment dominates as traders react to increased selling pressure. Fear of additional losses may cause short-term holders to exit their positions, potentially fueling a deeper decline toward key support zones. Related Reading: Polkadot (DOT) Defies Market Volatility, Holds Strong Above $4.8 Support Level The price has also slipped beneath the 100-day Simple Moving Average (SMA), a key technical indicator that often determines market trends. This breakdown suggests that bearish momentum is strengthening, as the SMA typically acts as a dynamic support level in an uptrend. Should DOT fail to reclaim this level in the near term, selling pressure might intensify, leading to further declines. However, a decisive move back above the 100-day SMA could indicate a potential reversal, allowing bulls to regain control and push the price higher. Polkadot recent drop below $4.8 is reinforced by bearish technical indicators, suggesting the downtrend may continue. The Relative Strength Index (RSI) is trending downward, indicating weakening momentum and a lack of strong buying interest. Potential Scenarios: Rebound Or Continued Decline? The recent breakdown of Polkadot below the $4.8 support level has left the market at a crossroads, with two primary scenarios emerging: a potential rebound or a continued decline. Should buyers step in at the $3.5 support level, DOT could attempt a recovery, targeting resistance at $4.8 and possibly $6.2. Related Reading: Polkadot (DOT) Breakout Looms With $17 Target In Sight Details A strong rebound from this zone, supported by increased volume and improving market sentiment, may signal a bullish reversal and reignite upward momentum. On the other hand, if selling pressure persists and DOT fails to reclaim key levels, the decline might extend toward $3.5 or even $1.9, with traders growing cautious amid weakening technical indicators. Featured image from Medium, chart from Tradingview.com
Which one will hit $10 in the next 90 days? Let's dive into Polygon vs Polkadot potential scenarios to find out.
What will happen in the coming weeks? What does the Polkadot forecast for March 2023 look like? How high can DOT go?
The key factors that could potentially impact the price of DOT in the next few months and whether can Polkadot reach $10
The year 2023 is said to be huge for Polkadot (DOT) as it is one of the cryptocurrencies to watch out for. Many crypto experts are very optimistic about Polkadot, and they’re saying that traders should keep an eye on the coin because its developments will be big for that year. DOT is looking bearish but can pivot to a bull run in the coming days Polkadot is said to be an attractive addition to the investment portfolio for 2023 DOT price is down by 1.43% While DOT isn’t performing well as of press time, crypto experts believe that this is the best time to buy. The coin is regarded as one of the safety nets and best bets to include in your portfolio for next year. According to CoinMarketCap, DOT price is down by 1.43% or trading at $4.28 as of this writing. And many crypto experts think that the discounted price should entice more traders to buy while the prices are still low because it’s bound to spike by next year. Polkadot: One Of The Most Liquid Assets Even though Polkadot has depreciated in value, it’s still the top-rated crypto in terms of capturing investor interest. It stands out when pitted with other cryptos as it’s also one of the popular liquid assets included in hedge fund portfolios. Indeed, there is an increasing demand for Polkadot, and it is seen to have the most potential to rise in 2023. In fact, as early as now, many top investment companies and even hedge funds are putting most of their eggs on the Polkadot basket. Related Reading: Hedera: Is 2023 The Comeback Year For HBAR NFTs? DOGE total market cap at $9.06 billion on the daily chart | Chart: TradingView.com DOT May Kick Off Bullish Run Polkadot has been looking bearish as it recently dipped to as low as $4.20 in the past 24 hours. This retreat has attracted investors in the past, and it may also draw them in now. On the other hand, DOT’s technical indicators hint at some bullish movement, with its volume reached a new low as registered on December 25. Still, it is now slowly recovering from the slump. Related Reading: Dogecoin Breaking Past This Key Barrier Could Spell 10% Spike For DOGE Eco-Friendly Crypto DOT’s market capitalization shows that the bears still dominate the market for December, but its market cap has an uptick by $100 million overnight, which looks like an accumulation. More so, the development activity is also seen to nosedive, which can be worrisome, especially for investors. Meanwhile, Polkadot, along with Cardano and Algorand, is among the most eco-friendly cryptocurrencies, according to a new analysis by the Traders of Crypto. Polkadot ranks as the fourth most eco-friendly digital money, with annual carbon emissions of 50 tons. – Featured image: VOI
What is the Polkadot price prediction for the year's end and how high will the DOT price reach in 2025? Let's take a look at this in more detail.
In this Polkadot price prediction article, we take a fundamental look at the Polkadot project and analyze DOT technically.
As the price drops to $7.55, the Polkadot (DOT) price analysis suggests that the trend is still bearish. Polkadot price analysis reveals a downward trend DOT/USD has looked for support at roughly $7.49 DOT/USD is encountering resistance at $7.74 Previously trading at about $7.74, Polkadot is now looking for support at about $7.49. The price of DOT/USD is still facing resistance at $7.74, but if it drops below $7.49, it might find support at $7.32. and $7.05. If it declines below that, it might find support there. Around these levels, Polkadot might feel some selling pressure, but if it manages to hold above $7.49, it might start to see some buying interest. The fact that DOT has a multitude of parachains underpinning its decentralized web goals has helped it to stay relevant in the cryptocurrency ecosystem. According to data by Coingecko, DOT is trading at $6.93, down 5.5% in the last seven days. Santiment data shows that after August 20, DOT’s development activities spiked dramatically. Its price, however, has not held up so well, falling by 11.31 percent over the past week. Polkadot Announces Deployment Of New Parachains The multichain network has shown that the Polkadot architecture is not as constricted as many people may have thought. More so, Polkadot recently announced the deployment of many new blockchains with ParityTech. The declaration states that new parachains will be implemented to enable organization. If these parachains are successfully activated, the Polkadot community will be able to govern without having to wait forever for approval from outside parties. Has DOT’s position improved as a result? Related Reading: Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks Although the short-term outlook for the DOT/USD market appears to be bearish, a breach from the current consolidation range could see the market move in the direction of the $8.00 level soon. The signal line is moving above the candlesticks, which means the MACD indicator is currently in a bearish zone. At 47.75, the RSI indicator for the DOT/USD is approaching oversold territory, suggesting that bulls may soon stage a recovery. The market is currently in a condition of consolidation as the upper Bollinger Band is at $8.19 and the lower Bollinger Band is at $7.51. DOT/USD Price Continues Its Bearish Streak DOT/USD 4-hour price chart: Prices are anticipated to continue declining. According to the DOT price research 4-hour price chart, the market has been in a bearish trend over the past four hours. A move towards $8.00 had been made by the market, but it was swiftly rejected at approximately the $7.85 mark. Chart: TradingView.com The market is currently consolidating, and if it were to break out of its current range, it might soon go in one of two directions: toward $8.00 or $7.32. The likelihood that DOT would surpass its present levels increased as long as the buyer’s momentum maintained its advantage over the seller scenario. The Polkadot network’s current parachains appear to be at their best, despite the lack of obvious rally indicators. These performances, according to PolkadotInsider, have attracted investors’ attention. Investors can infer from these measures that DOT may be experiencing increased interest and momentum. Related Reading: Bitcoin Price Watch: BTC Facing Renewed Challenge To Keep Price Above $20,000 DOT total market cap at $7.63 billion on the weekend chart | Source: TradingView.com Featured image from Money24H, chart from TradingView.com
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.
World Crypto Global
