COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Analyst Predicts Significant Gains for Polkadot
Share
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Polkadot (DOT) > Analyst Predicts Significant Gains for Polkadot
Polkadot (DOT)

Analyst Predicts Significant Gains for Polkadot

In Brief

  • Polkadot has lagged behind Solana and AVAX this year.

  • Analyst Michael van de Poppe gives hope to DOT investors.

  • DOT could see a 180% increase if it reaches $17.

COINTURK NEWS
COINTURK NEWS 11 months ago
Share
SHARE

Despite significant increases in Solana and AVAX this year, one altcoin has lagged behind. We are talking about Polkadot, of course. At the time of writing, the DOT price was at $6.20. Honestly, the cryptocurrency pulling back from the $11 levels has somewhat disappointed its investors. Now, an analyst has shared a chart today, clarifying the levels he expects for the cryptocurrency DOT.

Contents
Analyst’s Comment on DOTTarget of $17 for DOT

Analyst’s Comment on DOT

Cryptocurrency analyst Michael van de Poppe shared a post on X today, giving hope to DOT investors. According to Poppe, DOT has reached a critical support area and accumulation zone.

Highlighting what could happen to DOT in the coming days, Poppe believes that considering the numerous projects in the Polkadot ecosystem with the RWA narrative, this project will make significant progress in the coming years.

Target of $17 for DOT

Looking at the chart, the first noticeable thing is a gap indicated by red colors. This area represents a place that can be reached immediately if the DOT price breaks $9.25. Of course, if the cryptocurrency DOT reaches a price tag of $17, it will mean an approximate 180% increase from the current price. Reaching that level will mean significant gains for investors. On the other hand, it should be noted that DOT is still far from its peak level. The peak level for DOT was $55. Considering that other cryptocurrencies have approached their peak prices, we see that there is still room to go for the cryptocurrency DOT.

We have also had a week of new developments for Polkadot in the cryptocurrency world. In this context, the project announced that it had allocated a $20 million fund to developers in DeFi ecosystems. Additionally, Polkadot 2.0 is said to have a bright future as it is designed to increase the scalability, flexibility, and efficiency of the Polkadot network.

Given that the DOT supply is 1,437,953,431 and all of them are in the market, it can be said that the cryptocurrency DOT can easily surpass its previous peak levels in a bull season.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

SEC Extends Review Time for Grayscale Polkadot ETF Application

Grayscale Seeks Approval for Polkadot Trust, Could Boost DOT’s Market Appeal

DOT Price Surges Following 21Shares’ ETF Filing

Trump’s Comments Shake Crypto Markets as 21Shares Files for DOT Coin ETF

Polkadot Shows Significant Growth Above $8, Signaling Price Momentum

COINTURK NEWS 15 June, 2024 - 9:10 pm 15 June, 2024 - 9:10 pm
Share This Article
Facebook Twitter
Share
Previous Article Bitcoin Reaches Peak Before Halving for the First Time
Next Article Bitcoin Miners Face Increasing Costs After Halving
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Vitalik Buterin Boosts Ethereum Scalability with Astonishing Gas Limit Proposal
Ethereum (ETH)
Bitcoin Soars to New Heights as Market Dynamics Strengthen
Bitcoin (BTC) Cryptocurrency News
Expert Predicts Significant Bitcoin Reversal and Surprising Moves in Gold and Floki
Altcoin News Bitcoin (BTC)
XRP Movement Captivates Markets with Surprising Twists
Ripple (XRP)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?