Analyst Bullish On Polkadot (DOT), Predicts $17 Price Target Before April
20 Marzo 2024 - 3:00PM
NEWSBTC
Polkadot (DOT) is gaining positive momentum and could be poised for
a significant price surge, according to crypto analysts. Michaël
van de Poppe, an expert in the field, has identified encouraging
market dynamics for Polkadot, suggesting a potential upward
trajectory in the next few days or weeks. Related Reading: DeFi
Turmoil: Over $5 Million Wiped Out In Liquidations Amid Ethereum
Price Drop Polkadot Analyst Insights: Promising Momentum Polkadot
on the USDT pair showed a regular pattern of higher highs and lower
lows, according to Van de Poppe, suggesting an increase in bullish
momentum. He also pointed out that Polkadot’s Bitcoin pair is still
around a cycle low, indicating a possible trend reversal. Van de
Poppe theorised that Polkadot might be returning to its peak in the
upcoming months based on these facts. #Polkadot is starting to gain
positive momentum, as it’s making higher highs and lower lows on
the USDT pair. The BTC pair is still at the cycle low, indicating a
likely upward run on the horizon. Perhaps $DOT can run towards an
all-time high in the coming months. pic.twitter.com/dewBRJO9dO —
Michaël van de Poppe (@CryptoMichNL) March 17, 2024 At the time of
writing, Polkadot’s price stands at $9.26, with a 24-hour trading
volume of $1.24 billion and a market capitalization of a little
over $9 billion. DOT price up in the last 24 hours. Source:
Coingecko Cryptocurrency experts have been closely monitoring
Polkadot’s price fluctuations since the beginning of 2023. Drawing
insights from historical data and market trends, these analysts
anticipate an average DOT rate of $13.70 by March 2024. Total
crypto market cap. Chart: TradingView However, they acknowledge a
range of potential outcomes, with minimum and maximum price
estimates standing at $10 and $17, respectively. Starting today
@Polkadot @kusamanetwork and 6 top #parachains are now live on
Dune! Our mission is to make crypto data accessible, and we’re
thrilled to help the #Polkadot ecosystem in partnership with
@colorfulnotion ⚡ Start your data journey👇 https://t.co/mMs4iO9w96
— Dune (@DuneAnalytics) March 19, 2024 Blockchain Data
Accessibility Revolutionized Meanwhile, in a move that promises to
revolutionize crypto data analysis for Polkadot and Kusama, Dune
Analytics has announced a groundbreaking partnership with Colorful
Notion. This collaboration marks a significant leap forward in
accessibility, bringing a wealth of on-chain data from these
blockchains to the fingertips of Dune users for the very first
time. Related Reading: Market Turmoil? Not For XRP: 130% Volume
Spike Stuns Investors Previously, analyzing on-chain activity
within the Polkadot and Kusama ecosystems presented a challenge.
However, this partnership empowers users with the ability to
examine a rich pool of data, including decoded Substrate block data
tables, extrinsics, calls, events, and transfers. This integration
signifies a crucial step towards demystifying the complexities of
blockchain data within the Polkadot ecosystem. By making this
information readily accessible and fostering user-friendly analysis
tools, the partnership between Dune Analytics and Colorful Notion
holds immense potential for developers, researchers, and anyone
with a vested interest in understanding the health and activity of
the Polkadot network. Featured image from Pexels, chart from
TradingView
Grafico Azioni Polkadot (COIN:DOTUSD)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Polkadot (COIN:DOTUSD)
Storico
Da Apr 2023 a Apr 2024