In the cryptocurrency market today, Bitcoin is the rising tide and altcoins are the boats that are rising with it. However, Bitcoin is a decade-old technology, and other protocols like Polkadot have more prospects to offer. What exactly makes DOT a worthy addition to the portfolio? We’re here to answer this and give a target for the end of 2021, Polkadot price prediction 2022 and the years to come.
Polkadot Price Prediction 2021–2030
- Polkadot price predictions for the end of 2021 are diverse: some aim well over the psychological barrier of $100, others warn about a correction to $36;
- Polkadot price prediction 2022 is slightly more consistent with higher support at $46 and lower targets at $103;
- Not all experts agree that DOT will reach $100 even by 2025 but those who do are in the majority;
- Speculations about DOT in 2030 promise enormous growth of up to 4,000%.
What is Polkadot and DOT?
Polkadot is a Web 3.0 protocol designed to enable blockchain interoperability. It unites independent blockchains into a system in which they can interact with each other.
More than that, on Polkadot data of any type can travel between and on blockchains. Polkadot itself is a sharding blockchain which allows for creation of parachains.
The native token of the network uses the ticker DOT and is used in governance and parachain auctions. For more information on Polkadot and DOT, read our Beginner’s guide to Polkadot!
Polkadot Price History
DOT balances were unlocked in a planned update on August 18, 2020. By that time, the coin holders were evaluating the project to have almost $5 billion in capitalization.
DOT started right in the top-10. For the majority of 2020, it was being traded in the $4–6 range.
In January 2021, the Bitcoin rally finally helped it take off the ground. The first leg up of its bull run took DOT to its previous 2021 high of $47.95 on May 15.
As parachain auctions are drawing closer, DOT price is outperforming Bitcoin. On November 4, it reached its current ATH: $55.
The price of DOT today is $49.18 at the time of writing. Its market capitalization is $48,639,410,057.90 which puts it at rank #8 on CoinMarketCap.
What influences the price of DOT?
The news that made DOT move so drastically in the past few weeks is the anticipation of parachain auctions. This is a feature of the Polkadot network: to secure an individual chain in the ecosystem, backers have to compete.
Aside from buying pressure these auctions put on DOT, they also redistribute the circulating supply. Users can also participate by crowdfunding a project they feel confident in, which will increase their chances of securing a chain.
Plenty of products for Polkadot are developed by independent companies and teams.
Web3 Foundation, the non-profit backing up the launch of Polkadot, has given $145 million in grants in 2020 alone. In August 2021, the number of Web3 grant recipients reached a milestone of 300 projects.
Polkadot has one of the best fundamentals among the top coins on the crypto market. The research, development and use cases of Polkadot made it attractive for institutional investors.
SEBA, 21Shares and VanEck Polkadot ETFs showed the best performance on European markets in comparison to other cryptocurrencies and even traditional finance.
Latest Twitter posts
— Posty (@PostyXBT) November 11, 2021
Another trader, Posty is also bullish on DOT. The weekly chart closed right above the resistance and turned it to support, showing a healthy uptrend.
🏆Crowdloan & Auction on @Polkadot update
Analytics portal Web3 Capital tracks the progress of crowdloans for contenders of the parachain auction. DOT holders locked more than a billion dollar worth of DOT supply to back these projects.
Polkadot Price Prediction 2021
Operation Crypto Polkadot Price Prediction 2021: $46–191
YouTuber Operation Crypto analyzed several timeframes of DOT-USDT charts and prepared several targets to watch out for. In a bearish scenario, stop-loss could be put at $46 and in the next few months, levels which are suitable for profit-taking are $46, $99 and $191.
Coinpedia Polkadot Price Prediction 2021: $36–89
Coinpedia authors think that the second leg of the bull run will take DOT higher by the end of 2021. Their bullish target is at $88.998, more moderate prediction at $61.841 and a bearish target at $35.813.
FXLeaders Polkadot Price Prediction 2021: $100
FXLeaders predicted that DOT will reach $50 or even $60 in the first half of 2021, and were right. Their end-of-year prediction is at $100, which is still on track.
Polkadot Price Prediction 2022–2024
LongForecast Polkadot Price Prediction 2022: $46–103.5
The Longforecast agency predicts in a year, in November 2022, the price of DOT will be $79.10 on average. A buying opportunity will appear in July with a dip to $46, and the year is projected to close near $103.50.
DigitalCoinPrice Polkadot Price Prediction 2023: $101–111
The DigitalCoinPrice agency analysis forecasts moderate volatility for DOT. 2023 will open with DOT at around $110.98 and close at $101.10.
PricePrediction Polkadot Price Prediction 2024: $141.91
Another prediction algorithm, PricePrediction.net forecasts that in 2024 the price of DOT will stay in the range between $137.85 and $166.91.
Polkadot Price Prediction 2025
Coin Price Forecast: $376.07
If Polkadot were to continue the uptrend at the same rate it does now, in almost five years it can reach $345.36 or even $376.07, Coin Price Forecast claims. The gains would reach 668% up from now, if it comes true.
CryptoNewsZ author David Cox refrains from giving an exact target for 2025, stating that trying to predict so far into the future is as good as guessing. His relatively low target of $90 for DOT can be easily explained by the fact that the crypto market moves in waves.
Wallet Investor: $138.104–165.201
Wallet Investor takes a middle ground between the previous two forecasts. 2025 will open anywhere between $124.018 and $151.277 and close between $151.146 and $179.998.
Polkadot Price Prediction 2030
Cryptocurrencies are known to be volatile. Even the stock and forex market predictions cannot account for any event that will have the influence on the price.
We can expect the Polkadot network to massively increase in value but supply will also almost double in ten years at the yearly rate of 10%. Nonetheless, Cryptocurrency Price Prediction gives a prediction that in 2030 DOT will grow up to $1,562.58 and further to $2,049.29.
DOT Price Prediction from ChangeHero
Considering the technological and groundbreaking potential it has, the fundamentals make Polkadot a great choice for the long term. With the onset of Web 3.0, Polkadot is set to become one of the leading platforms.
However, it is worth remembering that DOT is inflationary and designed to be actively utilized on the platform.
The ChangeHero team agrees with the experts cited above that DOT can reach $100 in 2021. It is better to be prepared that in the longer term it can be worth around $70–80.
How to get DOT on ChangeHero?
If you own some crypto, you can exchange it for DOT on ChangeHero in five simple steps:
- Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
- Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives.
- The Best Rate transactions will use the rate current to the time when your funds arrive.
The Fixed Rate will use the rate current to the transaction confirmation;
- The Best Rate transactions will use the rate current to the time when your funds arrive.
- As soon as the exchange has been processed, your DOT is on the way to your wallet.
Our support service is available anytime in the chat on our website or through the email: [email protected].
Polkadot is one of the most promising crypto projects with solid development and genuine community. If there are projects aimed at real change and not a quick fad — Polkadot has to be one.
We are supporting the Polkadot community on the road to Web 3.0 and will be sharing news about it in our blog. Sign up for ChangeHero’s updates on social media: Twitter, Facebook, Reddit and Telegram.
Frequently Asked Questions
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This article is not a piece of financial advice. No price prediction is guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.