Polkadot (DOT) Coin Price Prediction

DOT price prediction 2020 by StealthEX

What is Polkadot?

Polkadot is a scalable, multi-chain technology that was developed by Gavin Wood, one of the co-founders of the Ethereum project. Basically Polkadot is a network that connects blockchains. The platform allows various blockchains to transfer messages, including value, and to share unique features.

The project main goal is to transform the existing structure of the Internet to Web3 – an absolutely innovative and decentralized network.

The internal token of the Polkadot network is called DOT. This token allows owners to vote on possible changes to the protocol, which are automatically rolled out across the network if the consensus is reached. The DOT crypto also serves for staking and bonding purposes. 

Today Polkadot is one of the TOP-5 cryptocurrencies by market capitalization.

Polkadot Statistics

DOT Price CoinMarketCap
Current Price$5.28
ROI since launch 89.3%
Market Cap$4,499,688,210
Market Rank#5
Circulating Supply852,647,705 DOT
Total Supply987,964,778 DOT

Source: CoinMarketCap, Data was taken on 17 September 2020.

Polkadot achievements and future plans

Recently the Polkadot project developers have the following main updates and news: 

• The Polkadot Ecosystem Fund and the Polkadot Incubator were released.

• The Kusama network – an unaudited version of Polkadot was launched.

• The team introduced a new testnet for Polkadot and Kusama called Westend.

• On 26 May 2020 Web3 Foundation launched the initial version of Polkadot.

• The Polkadot team started the first vote on the fledgling Polkadot network.  

• Polkadot’s parachain testnet called Rococo was introduced.

• A huge number of workshops, both online and in-person were given around the world on a variety of topics — validation, Polkadot basics, Kusama, addresses, security, and Substrate.

What to expect in the future?

Currently, the Polkadot project is on the phase of “Enabling Balance Transfers and Denomination Day”. Once governance enables parachain auctions and XCMP, Polkadot will have a fully functional Relay Chain. After that, the token holders will decide how the project will develop further. 

Polkadot Technical Analysis

Technical Analysis for DOT TradingView

Source: Tradingview, Data was taken on 17 September 2020.

Polkadot Price Prediction 2020

TradingBeasts DOT coin price prediction

The expected maximum price of Polkadot coin by the end of December 2020 is $5.53793 (+4.89%).  TradingBeasts thinks that the Polkadot price will increase in the future and may reach $14.58569 per coin by the end of 2021 (+176.24%).

Polkadot Wallet investor price prediction

Wallet investor.com thinks that Polkadot (DOT) is not a very good option for a long-term investment as its average price will be only $0.338 per coin by the end of December 2021 (-93.59%).

Crypto-Rating DOT coin price prediction

Crypto-Rating reckons that Polkadot crypto has a huge potential to save its uptrend and reach $10 per DOT (+89.39%).

DigitalCoinPrice Polkadot cryptocurrency price prediction

DigitalCoinPrice thinks that Polkadot is a profitable investment and its price may reach $8.46 per coin by the end of December 2021 (+60.23%). 

How to buy DOT coin at StealthEX

Polkadot is available for exchange on StealthEX with a low fee. Follow these easy steps:

✔ Choose the pair and the amount for your exchange. For example, BTC to DOT.

✔ Press the “Start exchange” button.

✔ Provide the recipient address to which the coins will be transferred.

✔ Move your cryptocurrency for the exchange.

✔ Receive your DOT coins!

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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.

September 17, 2020

Tags: crypto price prediction DOT Polkadot price analysis price prediction
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