Is Polkadot a good investment?

Is Polkadot a good investment?

Since its lowest point of under $3 in August 2020, it has skyrocketed over 1,000\%. This could indicate that Polkadot is a good long-term investment.

What could Polkadot be worth?

WalletInvestor predicts that DOT coin will reach $50.49 in a year’s time and $153.75 in five years. DigitalCoinPrice’s DOT coin price prediction 2021 says that it will get to $39.3 in January 2022. The coin will hit $46.36 in December 2022 and stand at $56.46 a year from that.

Who is behind polkadot?

Gavin Wood
Polkadot was founded in 2016 by Gavin Wood, former Co-Founder and CTO of Ethereum.

Is Polkadot undervalued?

“Altcoins such as polkadot have been on a tear this year, though some analysts believe they are still undervalued, given their promise for new applications,” Business Insider reported last month. Over 2021 so far, the coin has risen by almost 852\%, according to Binance data.

What is polpolkadot (Polk)?

Polkadot is a relatively new cryptocurrency that has experienced immense growth since its launch in May 2020. The platform is a development of Switzerland’s Web3 Foundation. It is designed as a sharded protocol that allows decentralized blockchains to operate in the same environment seamlessly and scale.

Is Polkadot (dot) on the retreat?

Polkadot has been on the retreat since it traded an all-time high at $6.88 on September 1. The initial drop in the first week of September embraced support at $3.50. A recovery ensued with the token stepping above several resistance levels. However, DOT failed to rally towards the yearly high, hitting a snag at $5.50.

Is Polkadot’s downtrend over?

Generally, the trend is bearish, suggesting that the downtrend is far from over. Polkadot is a relatively new cryptocurrency that has experienced immense growth since its launch in May 2020. The platform is a development of Switzerland’s Web3 Foundation.

Is Polkadot (dot) headed for a price rally?

The history of DOT shows that a price rally usually succeeds in a spike in social volume. At the same time, a decrease in social volume tends to culminate in low or falling prices. All indicators hint that Polkadot is heading to levels lower than the prevailing market value.