Overview of Polkadot (DOT) Price
Polkadot is an open-source, decentralized, sharded blockchain with unique technologies and services. The network was co-founded by Dr. Gavin Wood, Robert Habermeier, and Peter Czaban. Polkadot aims to become the first sharded blockchain platform working towards the next web and becoming a significant contributor to DeFi. DOT is the native cryptocurrency of Polkadot that fuels the ecosystem. DOT crypto has mainly three use cases. Governance of the network, staking for the operation of the network, and bonding to connect Polkadot as a parachain.
Here are some key highlights from our latest analysis on Polkadot’s price movement and future projections.
- The live price of Polkadot is $4.25546 (DOT/USD).
- Price has increased by 5.12% in the last 1 year.
- Our recent DOT price forecast indicates that its value will decrease by -5.17% and reach $4.02 by Oct 31, 2024.
- Our technical analysis indicators signal Bearish market sentiment on Polkadot.
- Polkadot has had 17/30 (57%) green days and 5.37% (High) price volatility.
Let’s dive into the detailed yearly Polkadot price predictions for 2024-2030 based on historical price movements, technical analysis, and DOT halving cycles.
DOT Price Overview
| Cryptocurrency | Polkadot |
| Token | DOT |
| Price | $4.25546 |
| Price Change (24h) | 2.99% |
| Price Change (7d) | -9.47% |
| Market Cap | $6.38B |
| Trading Volume | $305.18M |
| Circulating Supply | 1.50B DOT |
| All-Time High | $54.98 (Nov 04, 2021) |
| All-time Low | $2.82 (Aug 22, 2020) |
| Volatility | 5.37% (High) |
| Fear-Greed Index | 50 (Neutral) |
| Sentiment | Bearish |
| Green Days | 17/30 (57%) |
Polkadot Price Predictions for Each Year
Let us look at Polkadot (DOT) price prediction for the upcoming years, based on the historical price movements, technical analysis and DOT halving cycles.
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | $6.341197 | $17.638391 | $28.935586 |
| 2025 | $6.351257 | $18.118022 | $29.884786 |
| 2026 | $5.305518 | $11.055133 | $16.804749 |
| 2027 | $5.856648 | $8.860702 | $11.864755 |
| 2028 | $8.565248 | $14.365002 | $20.164756 |
| 2029 | $16.125266 | $28.140957 | $40.156648 |
| 2030 | $15.956647 | $20.869096 | $25.781546 |
Polkadot Price Predictions 2024
Based on the technical analysis of Polkadot prices for 2024, the minimum cost of Polkadot is projected to be $6.341197. The DOT price could reach a maximum of $28.935586, with the average trading price expected to be around $17.638391.
Polkadot Price Predictions 2025: Will It Break New Highs?
After analyzing Polkadot’s prices from previous years, it is estimated that in 2025, the minimum price of Polkadot will be approximately $6.351257. The DOT price could reach a maximum of around $29.884786, with an average trading price of about $18.118022.
Polkadot Price Predictions 2026: Long-Term Outlook
According to the technical analysis by cryptocurrency experts, Polkadot prices in 2026 are expected to have a minimum of approximately $5.305518 and a maximum of $16.804749. The average trading price is anticipated to be around $11.055133.
Polkadot Price Predictions 2027
Cryptocurrency experts have reviewed the historical prices and fluctuations of Polkadot over previous years. It is projected that in 2027, the minimum DOT price could decrease to $5.856648, with a potential maximum of $11.864755. On average, the trading cost is expected to be approximately $8.860702.
Polkadot Price Predictions 2028: Long-Term Investment Insights
According to crypto experts’ analysis of Polkadot’s costs, the anticipated DOT prices for 2028 are expected to range between $8.565248 (minimum) and $20.164756 (maximum). The average trading price is projected to be around $14.365002.
Polkadot Price Predictions 2029
Crypto experts continually analyze Polkadot’s fluctuations. According to their predictions, the average estimated DOT price is around $28.140957. It could potentially drop to a minimum of $16.125266 but may also reach as high as $40.156648 throughout 2029.
Polkadot Price Predictions 2030: DOT’s Potential in Next Decade
Annually, cryptocurrency experts forecast Polkadot’s price trends. In 2030, DOT is projected to fluctuate between $15.956647 and $25.781546, with an anticipated average cost of approximately $20.869096 throughout the year.
Polkadot (DOT) Price Forecast for Next 30 Days
| Date | Price | Change |
|---|---|---|
| Oct 8, 2024 | $ 4.24 | 0.00% |
| Oct 9, 2024 | $ 4.30 | 1.45% |
| Oct 10, 2024 | $ 4.35 | 2.65% |
| Oct 11, 2024 | $ 4.26 | 0.60% |
| Oct 12, 2024 | $ 4.01 | -5.39% |
| Oct 13, 2024 | $ 3.96 | -6.57% |
| Oct 14, 2024 | $ 3.97 | -6.44% |
| Oct 15, 2024 | $ 4.02 | -5.11% |
| Oct 16, 2024 | $ 4.12 | -2.77% |
| Oct 17, 2024 | $ 4.15 | -2.14% |
| Oct 18, 2024 | $ 4.15 | -2.19% |
| Oct 19, 2024 | $ 4.19 | -1.21% |
| Oct 20, 2024 | $ 4.16 | -1.92% |
| Oct 21, 2024 | $ 4.09 | -3.43% |
| Oct 22, 2024 | $ 4.08 | -3.86% |
| Oct 23, 2024 | $ 4.08 | -3.86% |
| Oct 24, 2024 | $ 4.04 | -4.71% |
| Oct 25, 2024 | $ 3.99 | -5.86% |
| Oct 26, 2024 | $ 3.97 | -6.28% |
| Oct 27, 2024 | $ 3.95 | -6.91% |
| Oct 28, 2024 | $ 3.92 | -7.51% |
| Oct 29, 2024 | $ 3.96 | -6.62% |
| Oct 30, 2024 | $ 4.00 | -5.75% |
| Oct 31, 2024 | $ 4.02 | -5.17% |
| Nov 1, 2024 | $ 4.08 | -3.73% |
| Nov 2, 2024 | $ 4.14 | -2.28% |
| Nov 3, 2024 | $ 4.21 | -0.81% |
| Nov 4, 2024 | $ 4.18 | -1.39% |
| Nov 5, 2024 | $ 4.20 | -1.05% |
| Nov 6, 2024 | $ 4.14 | -2.41% |
Polkadot (DOT) Technical Analysis
There are strong headwinds in the cryptocurrency market amid monetary tightening from the Fed. DOT trades at $4.25546. The current market capitalization is $6.38B with a circulating supply of 1.50B DOT.
Technical analysis shows DOT price witnessed a continuous fall after an all-time high. Though uptrends had been initiated, DOT failed to jump over the resistance level. Recently, the price broke its long-term crucial support, but the price was able to bounce back from the $8.77 level. However, the current price of DOT is again close to its crucial support. The nearest support is placed at $7.94. The following support level is at $6.53, and significant support is found at $4.83.
On the opposite side, immediate resistance is at $17.55, and any price rise can test the resistance level of $20.85. Significant resistance is noted at $27.17. The current price needs to move towards the immediate resistance level. The $27.17 is a vital price level since the coin has failed to cross it in the recent past. Also, the current price is very close to the immediate support.
Analyzing the technical indicators, it is seen that the MACD line has just begun trading above the Signal Line, showing positive momentum. RSI is at 39, trading in the oversold zone. DOT is trading below the 20 DEMA, 50 DEMA, and 200 DEMA, indicating that the coin does not have much strength.
Polkadot technical analysis indicates that the current price is not so favorable for investors to sell or trade the coin. The coin needs to sustain the immediate support level and further increase to gain investors’ confidence. Aggressive traders have the best opportunity to initiate an investment buy at the current price level.
Polkadot (DOT) Price History
Historical data reveals that DOT has formed a double top on the daily charts. In a broader sense, DOT price surged once but came back to almost the starting level of the upward journey. DOT price again bounced but was dragged by bears.
The upward journey began in January 2021, taking DOT from $11 to $40. DOT gave good swing opportunities in the first quarter of 2021. Later, it marked a medium-term high of $48 but could not sustain momentum.
Polkadot traded downwards for the next three months. The significant down move resulted in a price drop of $38 and took support at $10.8. The immediate upward retracement took DOT price to the previous levels, hiked to $55, and marked an all-time high on Nov 04, 2021. Later, it has marked continual correction with in-between pick-ups and drops to date. The recent downfall broke the long-term support of $10.7. However, the price was able to bounce back from the $8.77 level. The current price is trading at the $11 level.
Polkadot Price Prediction by Experts and Analysts
Top Polkadot influencer Donnie the builder, says the first Moonsama NFT game studio has launched on the DOT Kusuma ecosystem. Polkadot will prove that it will be one of the advanced projects. Polkadot Boss’ says DOT will reach $200 shortly, and he added it is ready to jump over ATH. Parallel finance, a most engaged DOT influencer, revealed they are on a mission of multichain wallet that enables DOT and AMP, KSM from the relay chain to the parallel chain. They are expecting it will provide much more flexibility to users.
FAQs
Is Polkadot a good investment?
Expert’s opinions expressed that DOT has long-term earning potential. Nevertheless, the crypto market experiences high volatility. So, own research and proper investment advice are necessary for investors before making financial decisions.
Where to buy Polkadot (DOT)?
Investors can purchase DOT from any of the leading cryptocurrency exchanges such as Binance, Kraken, Huobi, etc.
How to buy Polkadot?
Choose any of the cryptocurrency exchanges on which DOT is trading. Get started by completing the sign-up process and KYC. Once the account is verified, add a convenient payment method to deposit funds. Soon after depositing the fund, search for the ticker symbol DOT, tap the buy button, add the amount, and confirm the buy.
What will Polkadot be worth in five years?
Our forecasts disclose DOT may be worth $20.164756 in the next five years.
How high can the Polkadot price go?
The long-term forecast shows that DOT can extend to an average price of $20.869096 and a maximum price of $25.781546 by 2030. However, the crypto world is never certain so do your own research before making any investment decision to avoid losses in the future.
