Polkadot Price Prediction
Polkadot is an open-source sharded multichain protocol that gained huge popularity in 2021, reaching a price of $53. Based on historical data and crypto projects adopting Polkadot, we believe the price can reach $47.19 at the end of 2022.
Currently, the market cap is $19 billion, significantly smaller than its peak of $53 billion back in November 2021. Furthermore, the circulating supply of 987,579,314 means huge gains can be made if the value of Polkadot increases by billions.
Recently Polkadot has been in the news because it has been listed on the Frankfurt stock exchange. This is excellent news for the coin since it’s become more mainstream in popularity.
Polkadot Price Analysis This Week
The price action this week results from multiple factors. Here are the main reasons for Polkadot price movements.
Latest Polkadot Price Predictions by Experts
Polkadot is one of the biggest smart contract projects and many experts have forecasted a healthy future for cryptocurrency. Let’s look at what they have to say.
Price Prediction forecast Polkadot to trade at around $25 in 2022, $37 in 2023, and $84 in 2025.
Wallet Investor expects huge growth long term and predicts $97.71 in 2027.
GOV Capital is extremely bullish on DOT and believes the cryptocurrency can cross $155 by the end of 2022.
Trading Beasts are conservative with its prediction and forecasts $30.76 by 2024.
Polkadot Price Drop Prediction
Polkadot has dropped more than 50% from its all-time high resulting in a price of sub $20. I expect the coin to fall below $14 if the same market trends continue. However, this decrease in value is short-term as the coin is set to explode in the foreseeable future.
Long-Term Polkadot Forecast
The long-term forecast is bullish for Polkadot holders as the cryptocurrency is expected to gain significant value. This is because more dApps will utilize Polkadot’s ecosystem, and a few fundamental upgrades are yet to be released.
Monthly Polkadot Price Forecast for 2022/2023
The first two quarters of 2022 are somewhat uneventful since the price will range between $15 to $25. However, during the second half of the year, Polkadot is expected to rally and reach near all-time high levels. Below you can analyze our month-to-month forecasts in more detail.
What Impacts Polkadot Price?
Multiple factors can swing Polkadot prices in either direction. Here are the top reasons why Polkadot may decrease or increase in value.
A great method to learn how a cryptocurrency is progressing is through its roadmap. This showcases upcoming developments that are pivotal for the project to succeed. New upgrades or technologies implemented in Polkadot’s ecosystem can increase the price as the coin gains more use cases.
The news can dictate how the market performs by announcing world-breaking events. This usually brings prices down since the news often reports negative information. For example, higher interest rates and increased cryptocurrency taxes.
Advertising is important in a coin's success because it gains more attention from investors. This results in more people and institutions buying the coin, significantly increasing its value.
How the market is performing can impact prices positively or negatively. For example, Polkadot’s price will increase during bull markets as more money flows into altcoins. On the other hand, when a bear market is present, Polkadot’s price will fall significantly from ATH.
Polkadot is a smart contract coin that allows developers to build dApps on the blockchain. These dApps increase the price of Polkadot by utilizing its ecosystem.
Upcoming Polkadot Events
Recently, the Switzerland-based Frankfurt stock exchange has announced that it will list several cryptocurrencies, including Polkadot. The stock exchange says it will create Polkadot as a single asset or incorporate it in a basket of products.
Moreover, many developers are set to launch some huge projects on the Polkadot blockchain. For example, Kusama, MoonRiver, RMRK, and Kilt Protocol. This will likely increase DOT’s value as the cryptocurrency is traded and bought more often.
Polkadot Historical Price Changes
Polkadot is a young project that doesn’t have an in-depth history. Nevertheless, you can see how the coin has progressed since its release on May 26th, 2020.
Polkadot Price Prediction Chart
Polkadot Vs Ethereum Price Prediction
Polkadot was said to be the next Ethereum killer by many individuals due to its scalability and low fees. Nevertheless, the cryptocurrency hasn’t lived up to its expectations, leading many to believe that Polkadot won’t surpass Ethereum in the near and long-term future. Both coins use a proof-of-stake network that allows investors to support the network while earning passive income.
However, Polkadot is unlikely to overtake Ethereum in value because it has a tiny market cap in comparison and fewer dApps built on the chain. Also, Ethereum has more popularity and a first movers advantage, giving it an edge against Polkadot.
Live Price Chart of Polkadot:USD
Polkadot Price Prediction FAQs
What will Polkadot be worth in 2022?
Will Polkadot price go up / go down?
How high can Polkadot prices go in 2022?
Can Polkadot reach $1,000?
Who owns the most Polkadot?
Is Polkadot a good investment?
Is Polkadot a safe investment?
Will Polkadot overtake Bitcoin?
Should I buy Polkadot now?
What are the best resources for Polkadot price prediction?
What is Polkadot?
Best Brokers to Buy Polkadot
Polkadot is a mainstream cryptocurrency offered by most established exchanges. We’ve researched the best platforms that offer a premium service and placed them in the table below.
Polkadot Price Predictions
Polkadot is one of many cryptocurrencies to track. Check out a few other coins to compare before making your investment decision: