In this post we will going to see PolkaDot Technical Analysis and will give strongest top PolkaDot Price Prediction which is based on advanced technical analysis of PolkaDot and its past trends.
Introduction:
Explanation of Polkadot and its significance in the cryptocurrency market-
Polkadot is one of the top cryptocurrencies. It is based on blockchain protocol. It was created by the Web3 Foundation, which was founded by Gavin Wood, Co-founder of Ethereum. The main aim of this network is to connect different blockchain network together, and it enables the different network to communicate with each other and exchange data.
The Polkadot protocol has a distributed design, allowing it to execute numerous transactions simultaneously and enhancing network scalability. The protocol also makes use of the nominated proof-of-stake (NPoS) consensus protocol, which enables stakeholders to name validators for network security and reward-based rewards.
DOT is the crypto token of Polkadot network. DOT is used staking and governance. Staking of DOT allows its holder to participate in the network’s consensus process and earn rewards in the form of additional DOT tokens. And holders of DOTs can vote on proposals to alter the network’s specifications, such as block sizes or transaction fees, using the governance mechanism.
In general, Polkadot seeks to offer a more adaptable and interoperable blockchain infrastructure that can support a variety of use cases, including decentralised finance (DeFi), gaming, and identity management.
Current market situation of Polkadot and its price history-
Now we will talk about the price history of Polkadot, if we compare it with any other cryptocurrencies, then the history of Polkadot is not very old because Polkadot was launched in 2017 by ICO (Initial Coin Offering) and this Polkadot project raised more than $145 million by this ICO. At the time of ICO, the initial price Polkadot was $0.29 and its current price is $6.5, while in Nov 2021, it was at its highest peak ever that was $55.
Current market price of Polkadot is $6.5 and have a market cap of $7.6 billion. As of now, 25th Feb 2023, It is ranked at 12th position by market capitalization on Coinmarketcap (reference).
As of March 2023, the total supply of Polkadot is about 1.23 billion and only 1.12 billion coins are in circulation. And, total supply of Polkadot is not fixed. It is designed in a manner to increase gradually over time through a mechanism known as “Inflationary rewards.”
Read More: Which cryptocurrency is best to invest in 2023?
Polkadot technical analysis:
In this section, we will discuss about Polkadot technical analysis.
On 1 day time frame, Polkadot is moving bullish parallel channel from 4th Jan 2023. Currently it is traded at $6.45 having 1st support at $6.184 followed by 2nd support at $3.631 and $2.112 is 3rd support. If it breaks the 2nd support at $3.631 then we can expect a big downfall in its value. And if we talk about its resistance levels then 1st, 2nd and 3rd resistance level is at $8.138, $9.701 and at $11.928 respectively. while 2nd resistance level is very much strong. We can conclude that if 2nd resistance breaks with good volume then we can expect a vey sharp bullishness.
On 4 hours time frame, the 1st, 2nd and 3rd support will be at $5.973, $4.214 and at $2.615 respectively. Whereas, the 2nd support is the strongest among all other supports. We can expect further a good correction. While, $7.221, $8.080, $9.736 and $11.884 are the 1st, 2nd, 3rd and 4th resistance levels.
Top Polkadot Price Prediction:
Now we’ll going to discuss the price prediction of Polkadot (DOT). It is very difficult predicts to the price of any cryptocurrencies. But we can predict the price by advanced technical analysis and by studying the candlesticks and chart patterns.
Top Polkadot Price Prediction 2023-
According to its previous chart patterns and advanced technical analysis, the expected high of Polkadot is $18.254and it can slip down at $4.280(Expected).
Its Current price is $6.450
Maximum ROI (Return On Invest) can be 270% from now.
| Month | Minimum Price | Maximum Price |
| January | $4.280 (lowest) | $6.842 |
| February | $5.875 | $7.912 |
| March | $5.345 | $7.866 |
| April | $5.210 | $6.546 |
| May | $6.020 | $7.216 |
| June | $7.061 | $8.269 |
| July | $7.697 | $8.654 |
| August | $7.938 | $8.266 |
| September | $7.121 | $10.968 |
| October | $10.659 | $15.251 |
| November | $14.650 | $17.253 |
| December | $17.250 | $18.254 (highest) |
Top Polkadot Price Prediction 2024-
According to a research of Polkadot prices from past years, it is predicted that the minimum price will be roughly $13.431 in 2024. The maximum anticipated DOT price is possibly $22.830.
| Month | Minimum Price | Maximum Price |
| January | $17.798 | $18.565 |
| February | $18.102 | $18.793 |
| March | $17.973 | $18.567 |
| April | $18.342 | $19.670 |
| May | $19.180 | $20.884 |
| June | $20.168 | $22.830 (highest) |
| July | $21.010 | $21.461 |
| August | $17.257 | $21.203 |
| September | $15.954 | $18.784 |
| October | $15.980 | $17.086 |
| November | $14.846 | $16.003 |
| December | $13.431 (lowest) | $14.308 |
Top Polkadot Price Prediction 2025-
According to a research of Polkadot prices from past years, it is predicted that the minimum price will be roughly $13.608 in 2024. The maximum anticipated DOT price is possibly $20.979.
| Month | Minimum Price | Maximum Price |
| January | $13.965 | $14.303 |
| February | $13.608 (lowest) | $14.189 |
| March | $13.965 | $14.561 |
| April | $14.512 | $16.230 |
| May | $15.129 | $15.899 |
| June | $15.614 | $16.083 |
| July | $15.961 | $17.250 |
| August | $16.965 | $19.802 |
| September | $17.820 | $19.002 |
| October | $18.997 | $20.979 (highest) |
| November | $19.281 | $20.519 |
| December | $18.648 | $19.359 |
Top Polkadot Price Prediction 2026-
According to a research of Polkadot prices from past years, it is predicted that the minimum price will be roughly $18.285in 2024. The maximum anticipated DOT price is possibly $25.394.
| Month | Minimum Price | Maximum Price |
| January | $18.956 | $19.611 |
| February | $18.538 | $19.306 |
| March | $18.285 (lowest) | $19.106 |
| April | $18.296 | $19.081 |
| May | $18.798 | $19.992 |
| June | $19.560 | $20.807 |
| July | $19.998 | $21.839 |
| August | $20.461 | $22.453 |
| September | $21.081 | $22.909 |
| October | $22.156 | $23.873 |
| November | $23.496 | $24.560 |
| December | $24.506 | $25.394 (highest) |
Top Polkadot Price Prediction 2027-
According to crypto analysts, after research of Polkadot costs, the maximum and minimum DOT prices in 2027 are projected to be $39.873 and $25.167, respectively.
| Month | Minimum Price | Maximum Price |
| January | $25.401 | $26.348 |
| February | $25.167 (lowest) | $26.761 |
| March | $25.968 | $27.062 |
| April | $26.994 | $29.650 |
| May | $29.101 | $33.719 |
| June | $30.245 | $33.702 |
| July | $31.252 | $33.573 |
| August | $32.159 | $34.517 |
| September | $33.348 | $36.753 |
| October | $35.870 | $38.100 |
| November | $38.004 | $39.873 (highest) |
| December | $38.510 | $39.864 |
Top Polkadot Price Prediction 2028-
The crypto experts have studied the past price action of Polkadot, after this analysis they have identified that the price of Polkadot can go up to $48.783, but if the support breaks with the good volume, then the price will drop to $31.245.
| Month | Minimum Price | Maximum Price |
| January | $38.768 | $39.993 |
| February | $39.658 | $41.259 |
| March | $38.436 | $41.111 |
| April | $35.179 | $39.908 |
| May | $32.573 | $38.881 |
| June | $31.245 (lowest) | $35.967 |
| July | $35.908 | $39.486 |
| August | $39.109 | $44.008 |
| September | $42.683 | $45.296 |
| October | $41.165 | $46.328 |
| November | $46.116 | $47.954 |
| December | $46.298 | $48.783 (highest) |
Top Polkadot Price Prediction 2029-
Cryptocurrency specialists prepare predictions for Polkadot’s price every year. In 2029, it is predicted that DOT will trade for between $48.357 and $63.971. For the year, its average cost is anticipated to be roughly $56.164.
| Month | Minimum Price | Maximum Price |
| January | $48.357 (lowest) | $51.006 |
| February | $50.973 | $53.157 |
| March | $52.826 | $55.906 |
| April | $55.005 | $57.164 |
| May | $55.124 | $57.341 |
| June | $55.467 | $58.102 |
| July | $56.324 | $58.001 |
| August | $57.168 | $58.260 |
| September | $58.009 | $59.961 |
| October | $59.473 | $63.971 (highest) |
| November | $61.249 | $62.180 |
| December | $60.136 | $62.070 |
Polkadot Price Prediction 2030-
Analysts of cryptocurrencies are prepared to publish their predictions on the Polkadot’s price. The maximum DOT price of $86.265 will be the benchmark for the year 2030. But, it may decrease to about $60.009. Thus, $73.137 is the anticipated average trading price.
| Month | Minimum Price | Maximum Price |
| January | $61.246 | $63.003 |
| February | $60.009 (lowest) | $61.798 |
| March | $61.265 | $63.468 |
| April | $62.658 | $66.175 |
| May | $66.013 | $70.245 |
| June | $69.227 | $73.014 |
| July | $72.314 | $76.469 |
| August | $75.067 | $78.914 |
| September | $76.973 | $81.204 |
| October | $80.007 | $84.167 |
| November | $83.111 | $85.342 |
| December | $85.106 | $86.265 (highest) |
Frequently Asked Questions (FAQs):
Does Polkadot have a future?
As we saw in the previous section Polkadot is designed to connect different blockchain networks. It connects different blockchain networks together and it helps to share data between all those blockchain network. Also different blockchains can be communicate through Polkadot.
And because of its uniqueness Polkadot has gained a lot of attention in just few years, many blockchain community are also going to adopt it. The core team of Polkadot is currently focusing on scalability, security and governance. Polkadot has received a lot of support from its partners as well as from many high profile investors like Web3 Foundation and Parity Technologies.
Hence, we can say that Polkadot is a great project and also has vey much potential. it has innovative dedicated team and a solid technical base. That’s why we think that it has very bright and promising future and it has potential to become a significant player in the blockchain space.
Can Polkadot reach $100?
Price of Polkadot has crossed the mark of $55 in Nov 2021, so for Polkadot to reach $100 is possible. But it may take a long time.
Where can I buy Polkadot?
Almost all major and minor crypto exchanges support Polkadot. From there you can buy or sell this crypto. Here, are some examples, like Binance, Coinbase, WazirX, CoinDcx, CoinSwitch Kuber.
How can I buy Polkadot?
Steps:
- Step 1 : Click on the given button (it will redirect to Binance website). https://accounts.binance.com/en/register?ref=HRI2HNQ2
- Step 2 : Fill the desired boxes.
- Step 3 : Complete your KYC.
- Step 4 : Add funds from your bank account.
- Step 5 : You are now good to go to buy Polkadotor any other crypto currencies.