Polkadot (DOT) is currently down nearly 92% from its all-time high. Despite this, the layer zero blockchain network still shows potential, with a market cap of over $5 billion as of October 23, 2024.
Currently, DOT is priced around $4.28, significantly lower than its peak of $54.98 in November 2021. Although Polkadot has made strides in technology upgrades and formed important partnerships, its token price has been stagnant for the past few weeks.
Some analysts attribute this to a lack of marketing, while others point out a persistent downtrend, characterized by lower highs and lower lows in its price movement.
The previous monthly open of the DOT token was at $4.965 and since then the price has fallen more than 13.6% till now. If we look at the weekly levels, the price is currently in its demand zone but the price action is still sideways. In the coming weeks, it will be interesting to see if the DOT token can break out of this key area and retest its previous monthly open at $4.965.
All things considered, the prognosis of Polkadot is bearish. Now let’s discuss Polkadot’s long-term price predictions.
🔶Polkadot price prediction 2024-2025
According to Digitalcoin’s Polkadot crypto price prediction, the token is anticipated to sustain between $3.6 to $8.92 in 2024. If it hits the upper end of this range, the token could experience a rise of 119.70% from the current price of $4.060, at the time of writing.
For 2025, CoinCodex predicts the price of Polkadot to be in the range of $3.75 to $10.20.
🔶Polkadot coin price prediction 2030
Wallet Investor predicts that Polkadot’s price could climb to $5.299 or even $17.094 by the end of 2030.
According to CoinCodex’s DOT coin price prediction for 2030, DOT’s price could range from only $7.04 to $33.85, indicating a very wide range of forecasts for the DOT token.
