Polkadot (DOT) Cryptocurrency analysts have garnered attention by presenting a bullish story about crypto assets. one of them Cryptocurrency expert Michael van de PoppeI believe Polkadot could rise up to $25. In this bull market.
Polkadot could reach $25 in the next phase.
Michael van de Poppe Mentioned in X (formerly Twitter) post Polkadot’s next rally is expected to take it between $20 and $25. He explained that the cryptocurrency token has seen significant corrections over the past few months but has shown ample strength by returning to pre-rally levels. The analyst also claimed that Polkadot had hit bottom “especially after the JAM whitepaper came out.”
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Therefore, he believes that Polkadot is ready for this rally and that it can propel it to such heights. Cryptocurrency analysts have great faith in Polkadot’s potential. that Previously included Polkadot is on the list of crypto tokens he believes are undervalued. He argued that DOT’s valuation remains low in the cycle, opening up a “big opportunity” for investment.
Van de Poppe invested heavily in Polkadot because of its technology. previously X post, he highlighted how the Join-Accumualte Machine (JAM) paper that launched Polkadot 2.0 will revolutionize the ecosystem of DOTs. He also claimed that Polkadot is “the second largest blockchain in terms of developers and growth.” Therefore, he expects DOT’s prices to soon complement the team’s efforts.
Meanwhile, Van de Poppe Expect Polkadot is expected to reach a high of $20 in the third quarter of this year. Currently, he believes that the $8 and $17 range are the critical resistance levels that the cryptocurrency token must break to enjoy such a parabolic rally.
More optimistic forecast for DOT
Crypto analyst Crypto Thanos offered a more optimistic prediction. polka dotCrypto tokens rising above $50 are “easily achievable,” he said. bull running. He believes this price is achievable because he expects institutions to be interested in large-cap stocks like Polkadot. He also mentioned Polkadot’s collaboration With Tie, which aims to increase institutional exposure and accessibility.
What’s worth noting is Polkadot’s All-Time High (ATH) The current price is $55, which makes Thanos’ prediction for the cryptocurrency token feasible. Cryptocurrency tokens are generally known to outperform ATH in all aspects. bull running.
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Cryptocurrency analyst Captain Pibig We’ve given you some insight into what to expect from Polkadot in the near term. He predicts that cryptocurrency tokens will soon record a 35% “bullish rally.” “We have already seen a key trendline breakout/retest” for DOT on the 4-hour chart, he said.
At the time of writing, Polkadot is reportedly trading at around $7.11, up more than 2% in the last 24 hours. data From CoinMarketCap.
Charts from Tradingview.com