Polkadot (DOT) crypto is an open-source shared multichain protocol. It allows cross-chain transfer of any data or asset types, allowing blockchains to be interoperable with each other.
Moreover, it is designed to provide a foundation for a decentralized internet of blockchains, also known as Web3. Polkadot (DOT) is known as a Layer-0 meta protocol because it underlies and describes a format for a network of Layer-1 blockchains known as parachains (parallel chains).
Polkadot crypto observed a bullish surge in recent sessions. The price has managed to reach the recent swing high rising after forming a new swing low. It indicates the presence of bulls at the lower levels.
It has a 24-hour trading volume of $227.42 Million with a rise of 38.36% as compared to the previous day. The live market cap of Polkadot is $6.79 Billion and it ranks 15th among the top cryptos. The volume-to-market cap ratio is 3.33% indicating very low volatility in the market.
Polkadot Price Prediction November 2023
The technical indicators imply a bullish outlook as of now. The price has surpassed the 50-day and 200-day EMA which might turn to a support level if the price declines. At press time, the MACD lines show a bullish cross and hover above the mean line signaling strength.
The price prediction for November 2023 suggests a neutral to bullish outlook. The price may keep gaining until the bulls hold control of the trend. The analysts estimate that the DOT price may reach a high of $6.15 by the end of November.
Polkadot Price Prediction 2023
The most optimistic price forecast of the analysts expects the DOT price may reach a high of $7.20 signifying an upside potential of 32.97% from the CMP. The minimum price that Polkadot could reach is $4.91.
Polkadot Price Prediction 2024
As per analysts, the most optimistic target that the Polkadot price may achieve is $9.44, indicating an upside potential of 73.39% from the CMP. The average analyst price target is $7.63 by the end of 2024. However, the pessimistic view of analysts estimated the price to reach $6.17.
Polkadot Price Prediction 2025
The most optimistic analyst forecast for Polkadot crypto expects the price to reach a high of $13.19 with a potential gain of 142.58% from the CMP. The minimum forecasted price by the end of 2025 is $8.25. The average predicted price till 2025 is $11.85.
Polkadot Price Prediction 2026
The DOT price may reach a high of $18.57 if a positive trend prevails for the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $12.90 by 2026.
Polkadot Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts is the price target of $23.01. The average analysts’ price target is $19.4 and the minimum price target is $17.52.
Polkadot Price Prediction 2028
Till the year 2028, the crypto market may get more exposure and evolve more. On an optimistic note, the Polkadot price may advance to a high of $28.88. The price may rise to a minimum of $22.7 by the end of 2028.
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