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Polkadot Price Prediction – Will DOT Price Reach $100 in 2021?

Polkadot entered the year 2021 with a cost of $9.12. Effectively, the coin started to grow after. Analysing the market predictions of the polkadot currency and based on research conducted by our team, we also speculate a good DOT momentum within the crypto space. The community might come up with new improvements like enabling a multi-chain future.


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Tabasum

3 years ago | 3 min read

In an era of cryptocurrencies, there are plenty of projects taking the initiative to compete in the market. Polkadot is one of the eminent projects that provide extraordinary economic extensibility by enabling a common set of validators to secure multiple blockchains.

Fundamental Analysis Of Polkadot

Polkadot is considered one of the most pioneering projects based on a multi-chain framework that can be a competitor. It aims at providing the most advanced peer-to-peer network for numerous blockchains.

Polkadot was developed by the Swiss-based Web3 Foundation looking forward to providing a fully functional and user-friendly decentralized platform. The main features of the polkadot platform are listed as,

  • Strong interoperability approach
  • Shared security of relay chain & parachains
  • Performant, shared network
  • Sophisticated governance process
  • Easy blockchain setup

After conducting an ICO in 2017, Polkadot launched an experimental and unaudited version called ‘Kusama’ in 2019 and recently, in May 2020, the Polkadot mainnet was launched.

Polkadot’s native token is DOT which intends three main purposes- governance over the network, staking and bonding. In September 2020, a sudden spike in the market capitalization made the token enter the top 10 cryptocurrency list. However, Dot is not an ERC-20 token, rather a Polkadot blockchain based cryptocurrency.

Also Read: Dogecoin Price Prediction: Will DOGE Price Reach $1 By 2021?

Polkadot Price Prediction 2021

 With a bullish run DOT initiated the year 2021 with a trading price of $9.12 at the dawn of January. With certain variations, the currency started to surge further. Polkadot might reach a newer heights as it is considered as the fastest transacting cryptocurrency. Significantly, it may hit a new high if it succeeds to attain the minds of the investors. By the end of 2021, the digital currency might be traded at the $160 mark.

Polkadot Price Prediction 2022

 DOT could resume the year 2022 with a value of $165 during the start of January. Further the price is anticipated to rise if the currency enhances its user base as well as the investors. The price might decline if the market turns bearish. At the end of 2022 Polkadot would be trading at $260.

Price Prediction For The Next 5 Years

In 5 years, Polkadot might be the utmost currency to trade. It may break its previous price records and the price could rise consistently high. Certain perpetual contracts by exchanges may lead to growth of the currency and it might hit a new all time high. The community might collaborate with certain developers to enhance its protocol. By the end of 5 years, Polkadot is anticipated to trade around $450.

Polkadot (DOT) Market Prediction

Coinpriceforecast.com

The analysts associated with coinpriceforecast believe the DOT price would rally surrounding $197.88 by the end of 2021 and by the end of 2025, the price is expected to hit $441.43.

Digitalcoinprice.com

DigitalCoinPrice speculates the DOT price to touch $53.21 by 2021. The price is expected to surge and cross $100 hitting $109.15 by the end of 2025.

TradingBeasts.com

 According to TradingBeasts.com the Polkadot price is going to increase. By the end of       2022, the average Polkadot price is expected to be $19.51423.

Walletinvestor

According to Walletinvestor the price is expected to go up $35.988 to $110.268 in the coming year. By the end of 2026, the price is expected to hit $423.426.

Our Polkadot Price Prediction

 Polkadot entered the year 2021 with a cost of $9.12. Effectively, the coin started to grow after. Analysing the market predictions of the polkadot currency and based on research conducted by our team, we also speculate a good DOT momentum within the crypto space. The community might come up with new improvements like enabling a multi-chain future.

The DOT price as per our analysis may be exchanged at $150 by 2021 which might touch $500 in the future.

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Tabasum

An expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.


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