Polkadot is one of the leading cryptocurrencies with impressive use cases that keep them relevant in the marketplace.
As an open-source multichain protocol, Polkadot enables the transfer of data and different asset types across numerous chains.
This impacts the token’s use cases , and drives more traction towards it in the market. In the long run, these use cases, alongside the coin’s key factors – scalability, heterogeneity, and shared security – continue to drive its growth.
Polkadot Price Prediction
Due to the coin’s growing value in the market, many people are interested in doing some crypto investing.
The first step to take is to assess the market and determine the best time to buy some Polkadot tokens.
Some key factors must be considered when analyzing Polkadot’s price prediction. First, following the launch of Polkadot, there was an Initial Public Offering (ICO) in 2017.
The ICO achieved significant success, as the team raised over $140 million on over 10 million DOT tokens.
At the time of the ICO, the coin had a price of $0.30. However, due to the traction the ICO created, the price started to increase.
In late August 2020, the price of Polkadot had gone as high as $6.
As at the time of writing, in late August 2021, Polkadot’s price is just over $28. Like every other potential buyer of Polkadot, you may want to know the likelihood of the coin increasing in the coming years.
Concerning this, different cryptocurrency experts leverage market indicators and do technical analysis to attempt getting some relevant predictions concerning cryptocurrency tokens.
In the first two quarters of 2022, experts say that Polkadot’s price may go as high as $108.15.
Furthermore, some commentators assert that a long-term increase is likely to happen, which will put the token’s price at about $400 by 2026.
This means that investing in the token now and leaving it for five years will likely earn you a percentage increase of about 865%.
Between this period, some analysts are of the opinion that the cryptocurrency will hover around $80 by 2024.
Polkadot’s market cap is currently over $27 billion as of the time of writing in late August 2021. Additionally, the coin occupies the top ten cryptocurrency positions in the market.
These are great pointers to the potential of the token. As such, Polkadot may surpass the several price predictions you’ll come across in the market.
In the same manner, you should exercise some care with price predictions. Since cryptocurrency assets are volatile, their prices can increase or drop at any point. Therefore, beyond predictions, you should also do your research before buying the token. This will help you make an informed decision.
Make Money From Polkadot with 1xBit
Another way to make money from Polkadot is by betting and playing your favorite casino or slot games through the token.
Here, you simply need to get a cryptocurrency sportsbook, and you’re good to go.
Polkadot is now one of the thirty-three supported cryptocurrencies on 1xBit. This means that you can choose the coin as your mode of payment and withdrawal.
This is an awesome way to gain from the value increase of Polkadot.
As you’ve seen, Polkadot is not only valuable in the cryptocurrency market, but also has impressive benefits you can enjoy.
With a secure and rewarding platform like 1xBit, you get a simple user interface, making it easy for you to stake on your favorite games with Polkadot.