Polkadot’s market performance has been surreal with its decentralized web3 blockchain approach and the esteemed DOT token. It is considered to be the top five virtual assets as per market cap. As of May 11, 2021, the DOT token is valued at 36.34 dollars with a market cap value of 33,534,871,216.53 dollars.
The crypto recently reached the whopping value of 48 dollars, showing its market worth. Many experts believe that Polkadot’s price is certain to surge with the mass adoption of crypto charging up. Polkadot’s design has revolutionized the industry and solved long-term scalability issues as well.
Due to its popularity and profitability, many traders even browse for reliable Polkadot forecast. Therefore, it is safe to state that DOT’s market demand is bound to skyrocket in the coming years.
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Polkadot entered the market back in October 2017 with a successful ICO. Within a year, the project garnered over 485,331 dollars worth of ETH tokens and 140 million dollars. Plus, the crypto sold over half of its ICO, amounting to 10,000,000 DOTs. The ICO is still deemed to be one of the most successful ones in crypto history.
The token started with high expectations and a market value of 30 dollars. However, the ICO hype soon ended, and its price closed at 7 dollars. The company faced severe losses and resorted to private sales in 2019 and 2020 consecutively. Such practices brought its price down to 2.83 dollars, but it managed to recover to 6 dollars quickly.
The crypto ended 2020 at a market price of 7.422 dollars, and most experts believed it would surge in 2021. The crypto trend in 2021 took Polkadot to 17 dollars in January before it started fluctuating slightly. Nonetheless, it hit 42 dollars, its all-time high, in March 2021 and wobbled down to a stable price of 36 dollars.
2021 raised major questions about whether to buy Polkadot or not. Seeing how the crypto has faced price fluctuations throughout its history, second-guessing its worth is natural.
The experts’ opinions regarding Polkadot are polarising as well. Digital Coin Price speculates that Polkadot will rise to 60 dollars in 2021, while some believe it will stay close to the 50 dollars mark. Nonetheless, the majority sees Polkadot fluctuating between 50 to 60 dollars by the end of 2021.
If all goes well, the crypto might surprise everyone and reach the value of 88 dollars, as predicted by Long Forecast.
Polkadot price prediction for 2021 has a consensus between 50 to 60 dollars at the moment. However, some see the crypto beating the 85 dollars mark as well.
Cryptonewsz deems Polkadot to be a worthy crypto and expects it to be valued at around 80 dollars at the end of 2022. Wallet Investor also thinks that Polkadot will reach a value of 162 dollars before 2022 ends. While the price appears to be too high, Polkadot has showcased greater fluctuations in the past.
Come 2023, and Cryptonewsz’s optimism surrounding Polkadot plummets as they value the crypto at 77 dollars. The same goes for Digital Coin Price which sees Polkadot at 77.1 dollars by the 2023’s end.
Cryptonewsz sees Polkadot valued at 77 dollars in 2024 and 2025, giving no room for development. However, Digital Coin Price thinks otherwise as they believe the crypto will reach 86.57 dollars by 2024. Plus, they believe Polkadot to reach 110.76 dollars in 2027.
Even the experts do not seem to agree about Polkadot’s future, but the currency is showcasing an uprise in 2021.
Despite being a popular cryptocurrency, Polkadot has a history of extreme price fluctuations. Currently, the currency is still at the 36 dollars mark, and 2021 appears to be a good year for the crypto. The experts believe Polkadot will experience a gradual surge in 2022 and 2023, but after that, the general estimate tends to differ. All of this is speculation, but the currency appears to be witnessing an uprise for the time being.
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