Friday, December 9, 2022
 

Polkadot (DOT) Price Prediction: Will DOT Price Reach $40 in 2022?

  • Bullish DOT price prediction ranges from $12.93 to $32.13
  • DOT price might also reach $40 this 2022.
  • DOT’s bearish market price prediction for 2022 is $6.03

Polkadot is one of the top-ranked blockchains for decentralized applications (DApps) development. The native token of the Polkadot is denoted as DOT. Polkadot is an open-source platform was funded by the Web3 Foundation. It has gained 28.6% of its value in the past 30 days.

Polkadot investors are bullish on the coin since it is attracting a lot of developers to its blockchain after it was launched with over 100 developers. Active investors that stake DOT has the possibility of receiving rewards depending on the amount staked. Recent developments and news within the Polkadot community show that investors are bullish on its future.

If you are interested in the future of Polkadot (DOT) and would want to know the price analysis and price prediction of DOT for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.

What is Polkadot (DOT)?

Matic Network was launched in May 2020. Investors that hold Polkadot native token DOT can be used for purposes such as governance, staking, and bonding. Polkadot was founded by Robert Habermeier, Gavin Wood, and Peter Czaban

Polkadot blockchain can perform 1,000 transactions per second which are over 150 times that of Bitcoin. This is achieved by spreading transactions around multiple blockchains, thereby increasing its scalability.

Due to the true interoperability that is available in the Polkadot blockchain, tokens, data, and assets can be transferred within its network. This is unlike the transfer of only tokens that are common in other blockchains.

The future of Polkadot is community driven since its sophisticated governance system ensures that all stakeholders have a voice in the decision-making of the network. Upgrades and developments in the Polkadot blockchain are coordinated on-chain.

Polkadot (DOT) Current Market Status

The total supply of Polkadot (DOT) is 1,220,297,055 DOT while the circulation supply is 1.10B DOT. At the time of writing, DOT is trading at $9.19 which represents a 24 hours increase of 3.90%. The trading volume of Polkadot in the past 24 hours is $626,520,094 which represents an 83.46% increase.

Some of the top cryptocurrencies for trading Polkadot (DOT) are Binance, Coinbase, Kucoin, FTX, Gate.io, Kraken, Bitfinex, and others.

Now that you have known what Polkadot is and its current market status, we shall discuss the price analysis of Polkadot (DOT) for 2022.

Polkadot (DOT) Price Analysis 2022

Currently, DOT is ranked in the 10th position on CoinMarketCap. Will developments and upgrades within the Polkadot blockchain lead to a rise in the price of Polkadot (DOT)? We shall see this in this CoinEdition price analysis 2022 article.

Polkadot (DOT) Price Analysis – Keltner Channel

DOT/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Polkadot (DOT), it could be seen that the present bullish run could continue since the last candlestick is within the first half of the chart from the top. Also, since the last candlestick is a bullish Marabuzo, the present increase in the price of DOT might be sustained before any reversal would be expected.

Polkadot (DOT) Price Analysis – Relative Strength Index

DOT/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of the Polkadot (DOT) 1day chart of DOT/USDT is at 63.52.  This shows that DOT is showing a strong trend since it is between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Polkadot (DOT) Price Prediction – Moving Averages

DOT/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the the1Day chart of Polkadots 200-day and 100-day Moving Average (MA). Presently, DOT is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Polkadot (DOT) might experience a big rise or fall in the future.

Polkadot (DOT) Price Prediction 2022

DOT/USDT 1Day Chart (Source: Tradingview)

From the chart above, we can observe that the price of Polkadot (DOT) was ranging between $12.93 at the resistance1 level and $16.15 at the resistance2 level, in the past few days, after touching the $8.67 support1 level and $6.08 support2 level.

Irrespective of this sideways movement in the price of MATIC, we can deduce the following:

  1. The price of Polkadot (DOT) is expected to reverse at the $12.93 resistance1 level, due to the formation of a double top. If investors have their way, the price of DOT could surge higher above the resistance2 level, due to the formation of inverted head shoulders at the $6.08 support2 level.
  2. The reversal at resistance1 level, could lead to a further decrease in the price of DOT up to support2 level at $6.08, until a double bottom is formed. This could lead to a bullish reversal.

Meanwhile, our long-term DOT price prediction for 2022 is bullish since it might break many psychological resistances. We can expect Polkadot to reach $40 this year.

Polkadot (DOT) Price Prediction – Resistance and Support Levels

DOT/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

This bullish chart shows that the price of DOT has increased by 23.8% in the past 14 days. If this price increase continues, DOT could break the $12.93 resistance1 level and move higher to $32.13 at the resistance5 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of DOT might be dethroned from its present uptrend position. In simpler terms, Polkadot might trend below the $6.03 support2 level, and even lower in 2022, a bearish signal.

Polkadot (DOT) Price Prediction 2023

Polkadot might hit $50 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of DOT will see rapid growth to $45. The growth will thereafter moderate, but no significant drops are predicted. By upgrading staking rewards, investors could stake more DOT thereby reducing its volume in circulation. This could make the price of DOT reach $50 shortly.

Polkadot (DOT) Price Prediction 2024

Polkadot price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $75, making it not plummet but play consistently. Additionally, this could only be possible if DOT breaks through past psychological resistance levels.

Polkadot (DOT) Price Prediction 2025

Polkadot (DOT) prices might grow past $100 during the next three years. Furthermore, hitting this level might not be so tough for DOT due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polkadot has a strong chance of reaching a new all-time high (ATH) price.

Polkadot (DOT) Price Prediction 2026

Polkadot (DOT) prices might grow past $120 during the next four years. Furthermore, hitting this level might not be so tough for DOT due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polkadot has a strong chance of reaching a new all-time high (ATH) price.

Polkadot (DOT) Price Prediction 2027

Polkadot (DOT) prices might grow past $140 during the next five years. Furthermore, hitting this level might not be so tough for DOT due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polkadot has a strong chance of reaching a new all-time high (ATH) price.

Polkadot (DOT) Price Prediction 2028

Polkadot (DOT) prices might grow past $180 during the next six years. Furthermore, hitting this level might not be so tough for DOT due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polkadot has a strong chance of reaching a new all-time high (ATH) price.

Polkadot (DOT) Price Prediction 2029

Polkadot (DOT) prices might grow past $200 during the next seven years. Furthermore, hitting this level might not be so tough for DOT due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polkadot has a strong chance of reaching a new all-time high (ATH) price.

Polkadot (DOT) Price Prediction 2030

Polkadot (DOT) prices might grow past $250 during the next eight years. Furthermore, hitting this level might not be so tough for DOT due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polkadot has a strong chance of reaching a new all-time high (ATH) price.

Conclusion

As said above, Polkadot might reach $40 in 2022 and $250 by 2030 if investors have decided that DOT is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Polkadot (DOT)?

Polkadot is one of the top-ranked blockchains for decentralized applications (DApps) development. The native token of the Polkadot is denoted as DOT. Polkadot is an open-source platform was funded by the Web3 Foundation.

How to buy Polkadot Token?

Like other cryptocurrencies, Polkadot (DOT can be traded in cryptocurrency exchanges like Binance, Coinbase, Kucoin, Gate.io, Kraken, and others.

Will Polkadot surpass its present ATH?

Since Polkadot provides its investors with staking rewards, it has a low possibility of surpassing its present all-time high (ATH) price of $55.00 in 2022.

When was Polkadot Network launched?

It was launched in 2020.

What will be the Polkadot (DOT) price by 2023?

Polkadot (DOT) price is expected to reach $50 by 2023.

What will be the Polkadot (DOT) price by 2024?

Polkadot (DOT) price is expected to reach $75 by 2024.

What will be the Polkadot (DOT) price by 2025?

Polkadot (DOT) price is expected to reach $100 by 2025.

What will be the Polkadot (DOT) price by 2026?

Polkadot (DOT) price is expected to reach $120 by 2026.

What will be the Polkadot (DOT) price by 2027?

Polkadot (DOT) price is expected to reach $140 by 2027.

What will be the Polkadot (DOT) price by 2028?

Polkadot (DOT) price is expected to reach $180 by 2028.

What will be the Polkadot (DOT) price by 2029?

Polkadot (DOT) price is expected to reach $200 by 2029.

What will be the Polkadot (DOT) price by 2030?

Polkadot (DOT) price is expected to reach $250 by 2030.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of Coin Edition. No information in this article should be interpreted as investment advice. Coin Edition encourages all users to do their own research before investing in cryptocurrencies.

More Crypto Price Predictions:

  • Bullish DOT price prediction ranges from $12.93 to $32.13
  • DOT price might also reach $40 this 2022.
  • DOT’s bearish market price prediction for 2022 is $6.03

Polkadot is one of the top-ranked blockchains for decentralized applications (DApps) development. The native token of the Polkadot is denoted as DOT. Polkadot is an open-source platform was funded by the Web3 Foundation. It has gained 28.6% of its value in the past 30 days.

Polkadot investors are bullish on the coin since it is attracting a lot of developers to its blockchain after it was launched with over 100 developers. Active investors that stake DOT has the possibility of receiving rewards depending on the amount staked. Recent developments and news within the Polkadot community show that investors are bullish on its future.

If you are interested in the future of Polkadot (DOT) and would want to know the price analysis and price prediction of DOT for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.

What is Polkadot (DOT)?

Matic Network was launched in May 2020. Investors that hold Polkadot native token DOT can be used for purposes such as governance, staking, and bonding. Polkadot was founded by Robert Habermeier, Gavin Wood, and Peter Czaban

Polkadot blockchain can perform 1,000 transactions per second which are over 150 times that of Bitcoin. This is achieved by spreading transactions around multiple blockchains, thereby increasing its scalability.

Due to the true interoperability that is available in the Polkadot blockchain, tokens, data, and assets can be transferred within its network. This is unlike the transfer of only tokens that are common in other blockchains.

The future of Polkadot is community driven since its sophisticated governance system ensures that all stakeholders have a voice in the decision-making of the network. Upgrades and developments in the Polkadot blockchain are coordinated on-chain.

Polkadot (DOT) Current Market Status

The total supply of Polkadot (DOT) is 1,220,297,055 DOT while the circulation supply is 1.10B DOT. At the time of writing, DOT is trading at $9.19 which represents a 24 hours increase of 3.90%. The trading volume of Polkadot in the past 24 hours is $626,520,094 which represents an 83.46% increase.

Some of the top cryptocurrencies for trading Polkadot (DOT) are Binance, Coinbase, Kucoin, FTX, Gate.io, Kraken, Bitfinex, and others.

Now that you have known what Polkadot is and its current market status, we shall discuss the price analysis of Polkadot (DOT) for 2022.

Polkadot (DOT) Price Analysis 2022

Currently, DOT is ranked in the 10th position on CoinMarketCap. Will developments and upgrades within the Polkadot blockchain lead to a rise in the price of Polkadot (DOT)? We shall see this in this CoinEdition price analysis 2022 article.

Polkadot (DOT) Price Analysis – Keltner Channel

DOT/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Polkadot (DOT), it could be seen that the present bullish run could continue since the last candlestick is within the first half of the chart from the top. Also, since the last candlestick is a bullish Marabuzo, the present increase in the price of DOT might be sustained before any reversal would be expected.

Polkadot (DOT) Price Analysis – Relative Strength Index

DOT/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of the Polkadot (DOT) 1day chart of DOT/USDT is at 63.52.  This shows that DOT is showing a strong trend since it is between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Polkadot (DOT) Price Prediction – Moving Averages

DOT/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the the1Day chart of Polkadots 200-day and 100-day Moving Average (MA). Presently, DOT is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Polkadot (DOT) might experience a big rise or fall in the future.

Polkadot (DOT) Price Prediction 2022

DOT/USDT 1Day Chart (Source: Tradingview)

From the chart above, we can observe that the price of Polkadot (DOT) was ranging between $12.93 at the resistance1 level and $16.15 at the resistance2 level, in the past few days, after touching the $8.67 support1 level and $6.08 support2 level.

Irrespective of this sideways movement in the price of MATIC, we can deduce the following:

  1. The price of Polkadot (DOT) is expected to reverse at the $12.93 resistance1 level, due to the formation of a double top. If investors have their way, the price of DOT could surge higher above the resistance2 level, due to the formation of inverted head shoulders at the $6.08 support2 level.
  2. The reversal at resistance1 level, could lead to a further decrease in the price of DOT up to support2 level at $6.08, until a double bottom is formed. This could lead to a bullish reversal.

Meanwhile, our long-term DOT price prediction for 2022 is bullish since it might break many psychological resistances. We can expect Polkadot to reach $40 this year.

Polkadot (DOT) Price Prediction – Resistance and Support Levels

DOT/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

This bullish chart shows that the price of DOT has increased by 23.8% in the past 14 days. If this price increase continues, DOT could break the $12.93 resistance1 level and move higher to $32.13 at the resistance5 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of DOT might be dethroned from its present uptrend position. In simpler terms, Polkadot might trend below the $6.03 support2 level, and even lower in 2022, a bearish signal.

Polkadot (DOT) Price Prediction 2023

Polkadot might hit $50 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of DOT will see rapid growth to $45. The growth will thereafter moderate, but no significant drops are predicted. By upgrading staking rewards, investors could stake more DOT thereby reducing its volume in circulation. This could make the price of DOT reach $50 shortly.

Polkadot (DOT) Price Prediction 2024

Polkadot price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $75, making it not plummet but play consistently. Additionally, this could only be possible if DOT breaks through past psychological resistance levels.

Polkadot (DOT) Price Prediction 2025

Polkadot (DOT) prices might grow past $100 during the next three years. Furthermore, hitting this level might not be so tough for DOT due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polkadot has a strong chance of reaching a new all-time high (ATH) price.

Polkadot (DOT) Price Prediction 2026

Polkadot (DOT) prices might grow past $120 during the next four years. Furthermore, hitting this level might not be so tough for DOT due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polkadot has a strong chance of reaching a new all-time high (ATH) price.

Polkadot (DOT) Price Prediction 2027

Polkadot (DOT) prices might grow past $140 during the next five years. Furthermore, hitting this level might not be so tough for DOT due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polkadot has a strong chance of reaching a new all-time high (ATH) price.

Polkadot (DOT) Price Prediction 2028

Polkadot (DOT) prices might grow past $180 during the next six years. Furthermore, hitting this level might not be so tough for DOT due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polkadot has a strong chance of reaching a new all-time high (ATH) price.

Polkadot (DOT) Price Prediction 2029

Polkadot (DOT) prices might grow past $200 during the next seven years. Furthermore, hitting this level might not be so tough for DOT due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polkadot has a strong chance of reaching a new all-time high (ATH) price.

Polkadot (DOT) Price Prediction 2030

Polkadot (DOT) prices might grow past $250 during the next eight years. Furthermore, hitting this level might not be so tough for DOT due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Polkadot has a strong chance of reaching a new all-time high (ATH) price.

Conclusion

As said above, Polkadot might reach $40 in 2022 and $250 by 2030 if investors have decided that DOT is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Polkadot (DOT)?

Polkadot is one of the top-ranked blockchains for decentralized applications (DApps) development. The native token of the Polkadot is denoted as DOT. Polkadot is an open-source platform was funded by the Web3 Foundation.

How to buy Polkadot Token?

Like other cryptocurrencies, Polkadot (DOT can be traded in cryptocurrency exchanges like Binance, Coinbase, Kucoin, Gate.io, Kraken, and others.

Will Polkadot surpass its present ATH?

Since Polkadot provides its investors with staking rewards, it has a low possibility of surpassing its present all-time high (ATH) price of $55.00 in 2022.

When was Polkadot Network launched?

It was launched in 2020.

What will be the Polkadot (DOT) price by 2023?

Polkadot (DOT) price is expected to reach $50 by 2023.

What will be the Polkadot (DOT) price by 2024?

Polkadot (DOT) price is expected to reach $75 by 2024.

What will be the Polkadot (DOT) price by 2025?

Polkadot (DOT) price is expected to reach $100 by 2025.

What will be the Polkadot (DOT) price by 2026?

Polkadot (DOT) price is expected to reach $120 by 2026.

What will be the Polkadot (DOT) price by 2027?

Polkadot (DOT) price is expected to reach $140 by 2027.

What will be the Polkadot (DOT) price by 2028?

Polkadot (DOT) price is expected to reach $180 by 2028.

What will be the Polkadot (DOT) price by 2029?

Polkadot (DOT) price is expected to reach $200 by 2029.

What will be the Polkadot (DOT) price by 2030?

Polkadot (DOT) price is expected to reach $250 by 2030.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of Coin Edition. No information in this article should be interpreted as investment advice. Coin Edition encourages all users to do their own research before investing in cryptocurrencies.

More Crypto Price Predictions:

 

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