|Market Cap||Volume||Available Supply|
|$8.73 B||$273.51 M||1.14 B DOT|
|ATH||ATH(% Change)||ATH Date|
Polkadot current price is $7.620 with a marketcap of $8.73 B. Its price is -0.19% down in last 24 hours.
Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi-chain technology.Polkadot is heterogeneous because it is entirely flexible and makes no assumption about the nature or structure of the chains in the network. Even non-blockchain systems or data structures can become parachains if they fulfill a set of criteria.Polkadot may be considered equivalent to a set of independent chains (e.g. a set containing Ethereum, Ethereum Classic, Namecoin and Bitcoin) except with important additions: pooled security and trust-free interchain transactability.Many of the native parachains of Polkadot will be written using a Polkadot Runtime Environment SDK (e.g. Parity Technologies' Substrate).
Polkadot Price Prediction
The entire crypto world is on the brink of a full-blown bear market. Bitcoin is down 50% from its all-time high amid broader market declines driven by raging inflation and interest rate hikes by the US Fed.
Investors are selling risky assets and moving to more stable markets. Crypto is still seen as a very risky game and hence the sell off.
Our algo still sees some green in 2023, especially in the second part of the year. This is reflected in our predictions for 2023.
At this point, Bitcoin needs to find a local bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start to do the same – we have seen this scenario dozens of times in distant and more recent history.
Our price prediction model is bearish for the next 90 days with a hint of a bull market at the quarterly switch from Q1 to Q2. We expect whales and other bigger players in the market to have finished filling their pockets around that time, triggering a typical and sudden crypto spike.
The BitcoinUSD.com team has developed a price prediction model that takes a multifaceted approach to crypto, taking into account both technical analysis and fundamental assessment of each project.
What will Polkadot be worth in 2030?
Our forecasting model sees Polkadot reaching 130% more then current price by 2030.
Will Polkadot Replace / Equal / Overtake Bitcoin?
No, Polkadot will not replace or overtake BTC.
How high can Polkadot rise?
Our forecasting model sees Polkadot‘s price explode and reach 2444 % more in the distant future.
Is it wise to buy Polkadot?
We are proponents of moderate risk investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with a huge upside. So, in this context, Polkadot is worth buying.
Is Polkadot a good investment?
Polkadot, like all cryptocurrencies, is a risky investment. It does have a higher chance of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
Can Polkadot Make You a Millionaire?
Yes, if you buy a large enough amount of it. Don’t expect to invest $100 and become a Polkadot millionaire. But 100x price explosions are common in crypto.
How much will Polkadot be worth?
For the short term, it could reach 40% at the current price. Long term (8-10 years), it could jump to 200% or even higher.
Why will Polkadot succeed and increase in price?
Polkadot has a good use case, well-designed tokenomics, active community and a solid team behind it. All of this is a prerequisite for success, which is why our forecasting model sees Polkadot increasing to 130% by 2030.
Why will Polkadot fail and drop in price?
Crypto projects fail for a variety of reasons. Some of the most common are: the team cheats and leaves the project, regulators declare it illegal and press grants to take it off the list, lack of media attention, more successful competitors, lack of a well-designed marketing strategy, losing from community support, potential vulnerability in the protocol, failure to achieve the expected minimum development activity on the protocol, failure to attract new developers to build on their platform.
What is the price forecast for Polkadot for the coming months?
Polkadot will reach 24% in the next 90 days.
What will Polkadot be worth in 2040?
Our forecasting model sees Polkadot reaching 600% more in 2040 at current price.