financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Polkadot (DOT) Gearing up for a 120% Price Surge: Analysts
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Polkadot (DOT) Gearing up for a 120% Price Surge: Analysts
May 6, 2024 8:24 AM

TL;DR

DOT experiences a 10% weekly price surge, with bullish predictions suggesting potential spikes to $10 and beyond, particularly if it surpasses certain key resistance levels. Analysts previously envisioned further impulses for the asset, with forecasts ranging from $15.80 to a staggering $100.

How High Can DOT Jump?

Polkadots native cryptocurrency  DOT  has been among the best performers in the digital asset market lately, registering a 10% price increase on a weekly scale.

DOT Price, Source: CoinGecko The popular entrepreneur, using the X handle Ted, recently argued that the token is retesting a major support zone. He believes DOTs value could spike to $10 in the next few months if it surpasses the $7 mark. Recall that the asset crossed that level over the weekend.

CRYPTOWZRD and Jesse Olson outlined bullish predictions, too. The former thinks that the next bull run will start once DOT exceeds $9.60. 

Above $9.60, we get another bullish impulse towards $15.80. Wave five is coming stronger… and most are going to miss it, the analyst envisioned.

Jesse Olson went even further, claiming that DOTs current condition offers investors the same buying opportunity as the one observed six months ago. The assets price stood at less than $5 at the start of November and pumped to almost $12 in mid-March. 

The Previous Predictions

Crypto analysts have recently become increasingly active in outlining DOT forecasts. The popular X user Ash Crypto (who has over one million followers) and Michael van de Poppe are among those who chipped in.

The former admitted still holding his DOT stash, raising hopes for a price rally toward a two-year high of $15. Michael van de Poppe maintained that Polkadot has shown fundamental progress over the years, claiming that rotation is near. He also revealed that he was adding the asset to his personal portfolio.

The most optimistic analyst to touch upon DOT is the crypto enthusiast Thomas Kralow. He predicted a price explosion towards the staggering $100 during the next bull run.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Here’s Why Toncoin (TON) Price is Up Over 130% in 2024
Here’s Why Toncoin (TON) Price is Up Over 130% in 2024
Apr 1, 2024
Toincoin (TON) has attracted considerable interest lately, experiencing a 138% surge year-to-date, reaching a new all-time high of $5.69. This development coincides with Telegrams recent launch of a revenue-sharing initiative, enabling channel owners to earn 50% of advertising revenue through Toncoin. The Reasons Behind TONs Rapid Rise The Toncoin token (TON) has experienced a notable 101% surge in value over...
The Meme Coin Show Goes On as Degen Chain (DEGEN) Price Explodes
The Meme Coin Show Goes On as Degen Chain (DEGEN) Price Explodes
Apr 1, 2024
TL;DR The newly launched Degen Chain and its token DEGEN witnessed substantial growth, with the network registering significant transactional volume and user adoption. DEGEN-related meme coins have also saw the light of day, experiencing substantial price increases. The ever-evolving cryptocurrency sector recently witnessed the emergence of a new layer-3 blockchain network called Degen Chain. The latter is built on top...
Vitalik Buterin Doubles Down on Crucial Aspects for Ethereum’s Purge
Vitalik Buterin Doubles Down on Crucial Aspects for Ethereum’s Purge
Apr 1, 2024
Vitalik Buterin the co-founder of Ethereum shared insights on the next steps in the protocols simplification and easing the burden on node resources, also known as Purge. The Purge essentially aims to safeguard the protocol by optimizing data storage. At the same time, it also seeks to address design decisions that were made due to technology constraints in the past....
Argentina Announces Mandatory Registry For Bitcoin And Crypto Trading
Argentina Announces Mandatory Registry For Bitcoin And Crypto Trading
Apr 1, 2024
The government of Argentina is calling on all local crypto firms to register with its new regulatory body dedicated to the sector – or to cease operating entirely. On March 14, the nation’s senate passed legislation approving the Registry of Virtual Asset Service Providers, in line with recommendations from the Financial Action Task Force. More Regulation In Argentina? Argentina’s National...
Copyright 2023-2025 - www.financetom.com All Rights Reserved