Top Polkadot (DOT) Price Predictions for 2024

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• Despite its recent 14% decline to around $7, some analysts believe Polkadot (DOT) has huge upside potential in the near future.
• The potential rise depends on technical progress and the overcoming of certain support areas.

Is DOT a “sleeping giant?”

The blockchain protocol – Polkadot – has gone through several developments recently, attracting the attention of many industry participants. Despite these developments, the original cryptocurrency – DOT – has performed poorly in the past month, recording a 14% decline and currently trading at around $7 (according to CoinGecko data).

One person who praised Polkadot's recent progress and set a bullish prediction for the token is user X Dippy.eth.

“They are constantly building and introducing new updates – last months We see New highs in the Polkadot blockchain, which gives us a sign of what is to come,” the analyst said advertiser.

User

“For price targets Short range minute 60% higher. But for upside targets, it is much higher (a few Xs). Piling on lows is a good strategy as DOT could see new highs when the replacement season fully rolls around.

Previous DOT forecasts

Other analysts who predict a bright future for DOT valuation include CRYPTOWZRD and Jake Gagain. the previous Believes the origin It is expected In order to “ferment the volcanic eruption” in case it exceeds it Important $9.60 resistance area, while the latter forecast a new ATH sometime in 2025.

Michael van de Poppe – User – And it was more up. he Highlight “The fundamental progress of Polkadot“ Over the years and Hop on the DOT bandwagon as an investor.

analyst recently described Reminding himself that he is a fan of the blockchain protocol on Some of the key developments in Polkadot such as the launch to Joining and Accumulating Machine (JAM) Gray Sheet.

“Overall, the JAM integration aims to increase throughput hundreds of thousands of times more than Ethereum's EVM. I'm sure I will Have the talk More on this in the coming months,“ he added.