DotBig: Polkadot Price Forecast
Polkadot is often considered to be one of the breakthrough developments in the crypto market over recent years. This digital solution is devoted to solving the most common problems of blockchains — “communication” and scalability of the networks. In a relatively short period, the system of Polkadot managed to grow to quite a big extent and add a lot of new projects.
DOT is an interesting investment opportunity because it is just becoming well-established on the market. Are there any serious reasons for people who risk their money to consider that its value expectations for the coming December and the following ten years can be positive? Let’s find the answer.
Introduction to DOT
The whitepaper was written in 2016 by Gavin Wood. As a creator of Polkadot, Wood wanted to develop a crypto project that would be able to mitigate the impact of the crypto technology’s risks.
The lack of features that help different ecosystems to interact with each other is the most important problem that developers want to solve. They want to achieve this by creating a scalable architecture that can scale relying on the reasonable request of users.
Since May 2020, users can invest in the project by buying its token traded under the DOT ticker symbol. This digital currency is one of the biggest if you take a look at the rating of coins by their market caps. As of today, the coin’s cap exceeds $8.4 billion, which is the 11th position among all the cryptocurrencies.
Will the DOT price go up in 2022?
Over the passing 6 months, the DOT price went down from $22.6 to $8.4. Does it have any chance to recover its price by the end of 2022? Let’s consider the key conclusions of the DotBig analysts:
- The project has shown that it has better prospects than the analysts expected. Today, its price is declining and experts believe that it’s a worthy idea to go bullish.
- Some traders predict that over 12 following months the token will perform around a 50% price increase over the year and will reach the range of $13.
- The technical analysis gives “buy” signals.
As you see, the experts say that it’s the right time to invest in DOT. However, you shouldn’t expect impressive gains this year. Estimations of experts are quite different, but we prefer the statement that the DOT price won’t go higher than $12 by the end of 2022. We predict that DOT won’t recover its 2022 starting price.
As of the following years, we predict that the average price of the token won’t fall lower than $14 in 2023. The maximum point in the price chart might reach $17–18 during the following year.
As you see from our estimations, we think that DOT is a long-term investment. Considering its previous performance, we dare predict that 2023 will be the year when DOT will start gaining value. The most outrageous expectations say that in 2025 it might grow up to $30 and in 2030 the value might exceed $200! So follow the news not to miss the momentum. Subscribe here and to other social networks of DotBig to stay tuned to all the insights from the world of cryptocurrencies.