The Polkadot cryptocurrency entered the TOP-10 cryptocurrencies in terms of capitalization in a short time. Many analysts consider the Polkadot protocol to be successful and promising, and therefore the Polkadot course forecast for the future attracts the attention of crypto enthusiasts.
What are Polkadot and DOT?
Polkadot is a protocol that organizes communication between blockchains. It is an application environment in which it is possible to exchange data between different blockchains, as well as create new ones. The relay string is the resolution of the Polkadot system and the principal center of information within parachains. Validators on the chain allow pieces from all parachains and thus ensure the safety of the entire system.
DOT cryptocurrency is the internal currency of Polkadot. Her main assignments are in network management, staking and blockchain linking. If you want to know more information about what Polkadot cryptocurrency is, read our article.
How did the DOT exchange rate change?
The Polkadot ICO was taken back in October 2017 on the Ethereum blockchain. As a result, $ 144,630,000 was raised. But, 2/3 of those supplies were stopped after the means – the hacker utilized vulnerability in the Parity wallet principles. Notwithstanding the huge needs, it was determined to continue plan. Polkadot was ready to start in Q3 2019, but the date has changed several times.
In 2019, the Web3 Foundation held a private token presale, during which 500,000 DOTs were sold. The project team did not disclose the amount of investments received, but it was reported that the capitalization of Polkadot grew to $ 1.2 billion.
The DOT rate at the time the currency was launched on the market on August 20 was $ 2.87. To this day, it is this cost that is the historical minimum for Polkadot. Immediately after the start, the DOT rate began to increase, and the modern historical maximum was reached on September 1, 2020, when the number was $ 6.84.
What can change the Polkadot course?
Here are the main points:
- Society solutions. On August 21, the entire quantity of coins at the request of society members was increased by 100. Thus, the quantity of DOTs increased from 10 million to 1 billion. Each DOT holder received 100 additional coins for each Polkadot in their account. This influenced the business cap and current coins entered the market at around $ 3 instead of the expected $ 300.
- Reputation. Earlier, we talked on the history of the Polkadot ICO. After the first attempt to begin a cryptocurrency and the theft of funds by hackers, the credibility of the DOT developers was under threat. Cryptocurrencies often experience hacks and hacker attacks due to mistakes made by developers, and they significantly influence the reputation of the cryptocurrency and blockchain.
- Integrations and partners. At the end of November, it became known that the Chinese blockchain platform BSN added support for the Polkadot cross-chain protocol.
Polkadot Prediction
For 2021 from CoinArbitrageBot: $ 4.27
- CoinArbitrageBot experts, based on historical data on prices for Polkadot, believe that the rate could be $ 4.27017 at the end of 2021. In 2022, WalletInvestor analysts expect $ 0.432 in January and $ 0.360 in December, while in 2023 the price is supposed to increase to $ 12.18.
- In 2024, the DOT rate could be $ 13.32 in January. By the end of the year, according to investigators, the cost may rise to $ 17.53. According to specialists at DigitalCoinPrice, Polkadot is valuable financing that will grow in cost in the future. They demand to increase to $ 20 in February 2025. Notwithstanding the actual outlook, by December the rate will be set to $ 16.45
Polkadot 2030 price prediction
Long-term cryptocurrency forecasts are seldom safe because they cannot account for various circumstances. Today Polkadot has been for less than a year, and also actual data is expected to examine its price.
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