Chainlink and Polkadot appears ready for their next leg up initiating this month
Both the projects look poised to hit $100, but the competition between them to reach the milestone would be interesting
Polkadot Price Smashed New ATH!
The polkadot price after a healthy consolidation, finally cleared resistance around $39 and headed for new highs. The DOT price rose magnificently to form new ATH at $46.48 with a huge jump of more than 21%.
The surge secured the DOT’s position in the top five cryptocurrency ranking list, placing it in the fourth position. Moreover, the upcoming Polkadot Parachains project may make huge rounds in the crypto space. Also the DOT price may also be impacted at a larger extent rallying the price close to $100 or even above.
According to analysts, the DOT price is going to be worth a ridiculous amount, two months from now.
The price got rejected multiple times around $40 since the previous month and finally broke the barriers to surge beyond. Currently, it is mandatory for the DOT price to break the next resistance area around $51.80 to maintain the bullish momentum.
Will Chainlink Price Hit $100 First or Polkadot?
Chainlink price has also begun with the price discovery above $32, with more and more stuff queued for the rest of the year. The platform may launch staking which is expected to live in the quarter 2 or quarter 3 of 2021. Considering the developments on the Chainlink ecosystem, the LINK price appears to be highly undervalued.
Moreover, the platform announced that the Chainlink price feeds are now available as an oracle pallet to all substrate, polkadot and kusama coins.
With the integration of the Chailink ecosystem with that of polkadot, both the price is expected to rally high. DOT price has already gained more than 20% with price $45.96 and Chainlink price is $33.12 with a jump of 9.19% at the press time.
Therefore, both Chainlink price and Polkadot price are may rally hard in the coming days. With the Altcoin season around the corner, the price may jump as high as $50 initially and later may also jump to $100 very soon.