Topic: Polkadot Could reach $100 or more? - page 5. (Read 770 times)

it's a very optimistic crypto in the market mate so i wouldn't be surprised if DOT reached that value next year, indeed this year polkadot really made a good run along with the other top crypto in the market and for sure if the bear didn't take over probably it's now near on that value and there's a new ATH again. But unfortunately the bear season occurred, lets hope 2022 is a best year again..

Of course the potential for Polkadot to reach $100 can be achieved soon, happy because today Polkadot is up more than 4% and hopefully new ATH happens again, and can pass $58, the price of $100 is likely to happen in 2022 and I hope December can be close to ATH.

This is why I think it is realistic as well for polkadot to reach that price during the next bull run, and that is kind of a conservative prediction, after all the current bull run is not over yet, it is true that we are experiencing a period of time in which the market is not really moving upwards but this happens in all bull runs as well, so if the bull run can keep up during 2022 then I think polkadot could even reach that price during the next year.

Don’t ask for prices, ask for Market cap.

So $100 for DOT would value Polkadot approx with 100 Billion market cap. That’s less than 1/4 of Ethereum‘s current marekt cap. So yes, that’s for sure possible. For this analysis I don’t need any TA skills

The question is when, not if.

Some old coins have failed to break their all time high this bull run e.g XRP, EOS, NEO, BCH, NANO, LTC, etc. So it will be very dangerous to buy a coin in a bear market with the hope that during the next bull run it will reach a new All time high.
Polkadot has had a good year and even at current price is very profitable for early investors but getting to $100 with the level of competition out there will be very difficult.

If we do research and analyze correctly on Polkadot, we will definitely not hesitate to invest in Polkadot, because Polkadot's performance is very good.
Even this year the increase in Polkadot can be said to be very significant, Polkadot managed to hit a price of $55 as ATH price, so reaching a price of
$100 is very likely. If we look at the beginning of this year the price of Polkadot is still below $10, but slowly the price of Polkadot is increasing.
And it finally hit $55, meaning Polkadot's increase this year has almost doubled. So to double again, it might happen next year, it will be very
profitable holding Polkadot at least until next year. Or keep holding Polkadot until the target of $100 is reached, especially if the Bitcoin price manages
to return to the ATH price, Polkadot prices should also increase rapidly.

I have the same opinion. Of course, Polkadot is such a good project and is developing so well that it is of course possible to hit the $100 price level. However, it all depends on what happens to the Bitcoin price. If we have a new bull run I'm sure $100 will be achieved.

Polkadot is one of the coins that we can currently invest for the future, because currently we can see the trading volume getting higher until it can reach a new ATH, but in the future to reach the value of $ 100 will not be impossible if the increase in bitcoin can skyrocket again, because currently all coins are in decline so we have to wait for the next surprise.

Total staked 615 982 945.51 DOT (53%)
https://polkastats.io

https://parachains.info/auctions/polkadot-1-5
Projects raised: 113 373 579 DOT ($2 820 734 658)  9,75%

And another 3.4% raised in 2 batch
Projects raised: 3 994 345 DOT ($99 379 298)
https://parachains.info/auctions/polkadot-6-11

https://www.stakingrewards.com/earn/polkadot/metrics/

My analytics with this coin is at an impasse.
I planed sell it for 70-100 dollars and wait for the bear market. But half of the community holds this coin and receives validator rewards. This means that the time for high prices has not yet come.

It amazes me looking at the Polkadot price chart histories. A coin that ascended from a cent during her creation to a two-digit price is not a coin to joke with or look down on. Polkadot is a highly potential coin that will get her investors smiling always due to the influx of price of the token. This is the type of coin to hodl with joy cos $100 is very possible to achieve.  

There is no doubt that Polkadot is one of the leading projects on the cryptocurrency market. This year it was developing very quickly, which proves that developers are very active and care about the success of the project. If nothing changes then I think the price of $100 will be reached in a few months.

Polkadot should reach $100 but when and how?

When is important because it will help you to know when to enter and when to exit the market by taking profit from your investment. If you exit earlier that time, you might close your investment with a draw or just minor profit.

How is fundamentals behind scene that will help Polkadot have intrinsic power and value. Such things will catch attention of investors and will convince them to spend their capital to invest.

Personally, $DOT is already at high price and I would wait a few months to see how their developers will release new products or upgrades to improve their chain and how their ecosystem will grow. General market now is not too good for investment in short term.

I will make it simple for you. If you believe in this project and have Polkadot, you should hold on tight no matter if the price is down, but you can buy back more. If that project is really worth holding, you should not doubt and just believe in your analysis that Polkadot is one of many potential altcoins out there. Polkadot price can increase higher in the next bull run. But unfortunately, we do not know how high Polkadot price will be so whenever you see the high price, you can sell some amount to take your money back while you still have the other amounts that will be ready to sell at the next high price.

All comment are pointed towards the next bullrun, as for this current cycle I don't think there's much left for the market to do. I believe you're not new so it won't be necessary discussing all that is possible in this space but let me just say, the total market capitalization of cryptocurrency wouldn't be the same, this bull cycle saw it peaking at 3T+ and we could easily double that or even trade above 10T in the next bull cycle, with that alone, if polkadot maintain its momentum it can easily surpass that price target.

In the next 4+ years ethereum would be having a market capitalization of atleast 1 trillion and others will be in the 100s of billions which polkadot would be a part of. The work just began and if you follow the Parachain auction you can see millions of Dot been stakes and won't be released (made available in the market) for some years, all this are factors that'll contribute to the growth of the DOT price also consider more and more project will be joining the parachain as the years go by.

This is no financial advise though as I could be wrong beside we're just speculating here. There are some projects considering those working on it and their past record, you don't just give up on. It took Cardano how many years to deliver on their promise of a smart contract blockchain again but they finally did.

Ok, Polkadot is working on parachains. But is this technology worth 100 billion dollars at the stage it is now (evaluation at 100$) ? I mean like, maybe it is after 10 years and 100 million users. But now, when its not 100% ready and no one is using it? Real evaluation of DOT is around 1/500 of current marketcap if not less. And if we are talking about the evaluation of 500x real value ... real value its close to 0 compared to evaluation ... so does it matter at all what DOT is doing?

Last months I stopped chasing tech in crypto because each day there is new project that claims to do something revolutional. I started to analize financial situation of project, userbase it has and compare it with evaluation. Becuase its a lot easier to copy/paste open source code and implement it to your project rather than convincing 10 million people to give up on their chains and build something new on my chain. When DOT will finish their work and projects like BSC will see that DOT threatens them ... they will steal DOT tech, change a little bit and present it to their userbase.

I'm still supporting and investing in project that tries to deliver something new/innovative but those are project evaluated <50 mln $ because thats how much startup with not finished product is worth.

The problem is there was a better competitor for DOT and that's solana. Solana has a better mechanism compared with DOT and so many people have been moving from DOT to the solana. You can check it by yourself it DOT is placed out from the top 10 CMC. DOT can worth 100 billions to make the price will able to surpass $100 but that will make it being over valued token. The usefulness didn't match with the valuation.

It's better to pick solana rather than DOT. So many dapps developers didn't even interested to use this platform. They prefer to use solana as it has almost the same mechanism like EVM but with different hash and improvements protocol. DOT has potential to go to the 100 billions mcap but this will not happen in a short time.

Have you read carefully what the question made by OP? He didn't ask about the possibility of DOT price in the near future, he ask the possibility of DOT price to reach $100 in the next bullrun. The next bullrun may happen in 2024-2025, it is still very far from today. And when it is in bullrun, an altcoin price can increase very significantly. So, I think it is possible, DOT can jump to $100 in the next 3-4 years. Do you think it is not realiztic?

I really got surprised reading this article citing DOT is a god investment, but who knows, right?

https://trading-education.com/is-polkadot-a-good-investment

And it was stated there that DOT makes a huge pump someday. But that someday it takes several years before it reaches. I'm not sure if these holders, investors could wait that long or they got tired of waiting for that moment and selling them.

So if we invest in this project, never think we could make a huge profit in a shorter time as you just fail. Imagining with that huge market cap of $30billion is gonna be a tough way to make it.

Looking at the current conditions and thinking realistically, I don't think it will be easy for Polkadot to reach $100 in the near future,
project development also has a big role too so I hope the team does something,
The most important thing is to follow the progress and we'll see

It's possible if we looked at its past performance. But to avoid disappointments, just take it easy on that speculation. It doesn't have an assurance that in the next bull run, Polkadot will follow the trend. Crypto is unpredictable even for a worthy and good project.

If you think someday Polkadot will reach $100, then trust your instinct and invest in it right now. You won't even end up in a plan like that if you think that coin is not worth in the long run.