TL;DR
Despite a recent 20% drop in price, analysts predict a significant uptrend for Polkadot (DOT), with forecasts suggesting it could reach new highs in the coming months.
The team behind the blockchain protocol recently introduced “Ambassador Program 2.0” to foster community involvement.
The Latest DOT Predictions
The 15th largest cryptocurrency by market capitalization – Polkadot (DOT) – has been on a downtrend in the past month, witnessing a price decline of around 20%. Currently, the asset hovers the $8.50 mark but some analysts think a substantial uptick could be on the horizon.
DOT Price, Source: CoinGecko
One example is the X user, using the handle CryptoYoddha, who predicted that DOT might reach a two-year high of $20 this summer. The analyst added, “Most alts are waiting to pump from their higher lows.”
Other bullish forecasts include those from the well-known trader CRYTPOWZRD and the crypto content creator Jake Gagain.
The former suggested that DOT is poised
We współpracy z: https://cryptopotato.com/dot-bull-run-to-20-on-the-horizon-analyst-gives-positive-polkadot-price-prediction-for-2024/
