Cryptocurrency Price Prediction

Polkadot (DOT) Price Prediction 2022, 2023, 2024, 2025: Will Polkadot Go Up?

Written by: Elena R

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Elena R

Elena is 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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Sep 20, 2022

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In the fast evolving world of cryptocurrencies, a myriad of protocols have been taking the lead to emerge supreme over the others. Polkadot is one such prudent platform, which is leaving no stone unturned. The network aims to provide remarkable extensibility by enabling a common set of validators to secure multiple blockchains.

The protocol also aims at a peer-to-peer network, decentralized cryptocurrency, with a motive to weave all the different blockchains. polkadot has been raging ahead in terms of utility with its parachains, and its auctions, which are reinforcing the network. 

Terra

$2.75

green-dropdown 13.243%

Polkadot Token

$6.47

green-dropdown 2.05%

Zcash

$57.20

green-dropdown 1.779%

Compound

$63.28

green-dropdown 1.006%

Cosmos

$14.19

green-dropdown 0.781%

Kusama

$41.93

green-dropdown 0.143%

$4.56

red-dropdown 0.066 %

Kusama

$41.93

red-dropdown 0.143 %

Cosmos

$14.19

red-dropdown 0.781 %

Compound

$63.28

red-dropdown 1.006 %

Zcash

$57.20

red-dropdown 1.779 %

Polkadot Token

$6.47

red-dropdown 2.05 %

Terra

$2.75

red-dropdown 13.243 %

With the growing strengths of the network, investors and traders are keen on Polkadot’s native token “DOT”. Which also participates in governance decisions, including voting and bonding. So without any further ado, dive in to learn more about DOT price predictions for 2022 and beyond.

Overview

CryptocurrencyPolkadot
TokenDOT
Price$ 6.4700
Market cap$ 7,397,513,226.0000
Circulating Supply 1,154,995,479.5621
Trading Volume $ 320,917,070.0000
All-time high$ 54.9800 Nov 4, 2021
All-time low$ 2.7000 Aug 20, 2020

Polkadot (DOT) Price Prediction

YearPotential LowAverage PricePotential High
2022$7.0655$8.2188$9.5089
2023$8.8229$12.9594$16.3142
2024$14.2639$19.8377$26.2416
2025$23.0397$32.5270$42.2515

Polkadot Price Prediction For 2022

DOT price had initiated 2022, continuing its slide from the previous year, with a price tag of $26.67. While the digital asset had seen a notable rise of 16.84% to breach $30.79 on the 4th of January. However, the price of DOT has been descending southwards thereafter. DOT was on the 21st of January when it had tested its support at $22.36.

Whilst the price did brush the resistance on the 7th and 8th of February. The implications of the Russian Invasion, and FED’s rate hike, slumped the price. That said, the optimism around Q2 had uplifted the price to $23.11 by the 31st of March. 

However, Polkadot fell prey to the market-wide negative sentiments. Which dragged the altcoin to its multi-month low of $6.72 by the 13th of June. 

DOT Crypto Price Prediction For Q3

If the makers roll out requisite resolutions to the network. The protocol would witness a notable splurge by marketers. Which could impel the price to its potential high of $7.5263. On the down side, the prolonged rule of the bears could stumble the altcoin to $6.2697. That said, a balance in buying and selling pressures could land the price at $6.9120

Polkadot Crypto Price Prediction For Q4

With the parachain-to-parachain communication now possible, the parachains could now attract more innovative projects. Successively, in the company of possible successful ventures and a viable bull run. The year could be closed at its apex of $9.5089

In contrast, failing initiatives followed by reprovals, the price could slump down to lows of $7.0655. Collectively, considering the bullish and bearish targets the average price could settle at $8.2188

DOT Coin Price Prediction For 2023

If Polkadot welcomes adoptions and utility, alongside its rise with parachains. The network would witness a rise in sentimental beliefs and volumes. This could propel the digital asset to close the trade for the year at $16.3142. On the flip side, the dominion of bears could push the price to $8.8229. That said, constrained by a linear projection, the regular price might establish its base at $12.9594

Polkadot Coin Price Prediction For 2024

The hold of the protocol in interoperability, security, and user-driven governance could attract bigger institutions. Thereby bringing in a wider audience, who could help propel the price to its potential high of $26.2416. Conversely, rising potential rivals and ebbing fame could result in the digital token finding support at $14.2639. Successively, the lack of fulfilling events and initiatives could settle the price at $19.8377.  

Polkadot Price Prediction For 2025

Over the next three years, Polkadot could emerge as a tough contender. Certain perpetual contracts by exchanges may lead to the growth of the currency towards a  new ATH. The community might further extend collaborations to more prominent blockchain networks. While, with mere buys and sells, the trading price may strike an average value of $32.5270.

With further upgrades of PoA and higher parachain rollouts, the price may close the trade for 2025 at $42.2515. However, if the network falls prey to another hacking attempt anytime like it already did, then the price may also drop to $23.0397.

Market Analysis

Coinpriceforecast.com:

The analysts associated with Coin Price Forecast believe the DOT price would close 2022 trade at $8.74. The website predicts the year-end targets for 2023 and 2025 at $10.27 and $16.60 .

Digital Coin Price:

Digital Coin Price speculates the DOT price to touch a maximum of $9.02 by 2022. Whilst a reversal in trends could knock the price to its minimum of $7.83. Howbeit, a balance in buying and selling pressures could land the price at $8.39. The firm expects the price to surge and hit the peak at $27.47 by the end of 2025.

Gov. Capital:

As per the algorithmic DOT price prediction by Gov. Capital. The altcoin is expected to propel to a maximum of $4.6115 by the end of 2022. The firm has pinned the average target for the year at $4.010. Gov. Capital expects a reversal in trends to close the year at $3.4085.

Click here to read our price prediction of Ethereum (ETH)!

What Is Polkadot (DOT)?

Polkadot was on board for development by the Swiss-based Web3 Foundation looking forward to providing a fully functional and user-friendly decentralized platform. In 2016, gavin wood , one of the Ethereum co-founders, mapped the project along with peter czaban and Robert Harbermeier. 

As Ethereum kickstarted, multiple computational tasks happened across the blockchain, which led to the advent of GAS fees. Developers needed to pay an extra fee in return for computing energy to validate transactions! Hence, Polkadot evolved as a network that avoids money spent on extra transactional fees. 

Company Details

polkadot

  • Blockchain Network

Polkadot is a platform that is built to connect private and consortium chains, public and permissionless networks, oracles, and future technologies that are yet to be created. It facilitates an internet where the independent blockchains can exchange information and transact in a trustless way via the polkadot relay chain. The company was founded by Robert Habermeier, Dr. Gavin Wood, and Peter Czaban with the mission of envisioning the web where their ondentity and data are owned and safely protected from any central authority by enabling a completely decentralised web. The platform enables cross-blockchain transfers of numerous categories of data or assets, not just tokens.   The firm makes it easier to build and blend decentralized applications, institutions, and services by encouraging innovators to create better solutions, seeking a democratic society from its reliance on a distributed web where its large scaling institutions can't break their trust. The firm provides an infrastructure that can scale with the evolution of blockchain and cryptocurrency, where the network can broadcast transactions over multiple parallel blockchains to authorize the high output required to reach the transaction processing capability of present credit card companies.

Fundamental Analysis

Polkadot is one of the pioneering projects based on a multi-chain framework that can be a competitor. It aims at providing the most advanced p29 network for numerous blockchains. The DOT network aims for a strong interoperability approach with the circulation of its tokens. The protocol also boasts shared security of relay chains & parachains.

Polkadot has emerged as a performant shared network in the market, providing multiple use cases. The ease of blockchain setup has been possible, with its sophisticated governance process. Conversely, the network’s plan-print quotes to a central ‘relay chain’ on which every transaction gets recorded and stays permanent and irreversible. 

However, an additional chain called the ‘parachain’ came into action. This extra chain, which can be user-created, does not require additional computational energy. Also, it can be fed to the relay chain anytime. Polkadot also involves staking, but it works on a nominated Proof-of-stake consensus mechanism (PoS). The one who stakes DOT can also participate in the major network upgrade decisions.

CoinPedia’s DOT Price Prediction

Polkadot might receive notable impetus from its parachains, as the industry has seen with Moonbeam. If the digital asset receives the much-needed sentimental boost from the investors. And a spike in volumes could help DOT close its trade for the year with a higher price tag of $9.5.

On the flip side, if the sentiments of marketers fall prey to bearish trends. The price of the altcoin could take a downswing to close the annual trade at bottoms of $7..

Historical Market Sentiments

2020

  • During the ICO days, a single DOT was priced at nearly $30
  • Following the redenomination in August, the coin started to trade at $5.2 by mid of September.
  • It was trading at $4.42 in early October and rose to $4.15 by the end of the month.
  • The price rose to $5.88 by the end of November, maintaining the uptrend the year was terminated at $7.68

2021

  • DOT price had begun its run in 2021 on a bullish note, with a price tag of $9.12
  • The price of the altcoin rose to $42.98 by mid-May which was achieved with interim variations. 
  • However, the crash on the 19th of May led DOT price to its 3-month low of $18.03 on May 23rd.
  • It was in August when Polkadot kickstarted its rally, which led to it claiming $35.87 on the 13th of September. 
  • DOT began October at $28.44. A constructive rise led the price to $55.21 on the 5th of November. 
  • However, a slip from the highs took the price to $27.06 on the 31st of December.

To read our price prediction of Solana (SOL) click here!

FAQs

Is DOT an ERC-20 token?

No DOT is not an ERC-20 token, but a digital asset built and developed on the Polkadot blockchain.

What price will Polkadot reach by the end of 2022?

On a bullish note DOT price could close the trade for 2022 with a price tag of $9.5089.

 How high can the Polkadot price go by the end of 2025?

According to our Polkadot price prediction. If the bulls take in-charge the price of DOT could reach the $42.2515 mark by the end of 2025.

Is Polkadot a good investment for the long term?

Yes, DOT is a profit-making investment in the long term, the visionary developments in the pipeline. Alongside its initiatives such as parachains will fuel the price of DOT.

How to buy DOT?

DOT is available for trade on leading cryptocurrency exchanges like  Binance, FTX, Huobi, and Kraken, amongst others.

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Elena R

Elena is 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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