Topic: Polkadot New ATH - page 2. (Read 330 times)

In my opinion, the current market will focus on BTC, and altcoins will suffer a certain drop because of the bit/altcoin spread.
However, Polkadot really has a lot of potential in the crypto space, I see parachain updates being very attractive, in addition the ecosystem is getting more and more attention from new developers. Perhaps DOT will be one of the top coins to see good growth in the near term.

"They will release parachain auctions next month" Great ... is there significant demand for this use case on this specific chain? No one cares despite investors hoping for pump do dump their bags. Just like you said. "and this will probably give another pump to the price." You are excited that this event will push price up ... you are not excited about this new feature... you dont care about it ... you did not even plan to test it. Am I right?

Its not like being little less popular than BTC, ETH, BNB. Its a massive gap. DOT daily TX is 10-20k. BSC daily tx is 6 M. Its like 500 more while DOT is only 2 times cheaper than BNB while bnb is not only chain token, its also token used on biggest cex to lower fees, for binance card cashback, for launchpads, lauchpools, staking. I don't care about 12% interest from holding DOT. I have >50% APY from launchpads and other events on binance from holding BNB and BNB is deflationary.

Its dead because no one is using it. Not because devs does not release small updates from time to time to boost price.

This is possible on a good project and DOT is one of a few projects with a high potential it will soon reach its new ATH. Its good to see many altcoins now are pumping along with Bitcoin, though if you compare DOT to SOL we knew who has the advantage and knew that many investors are into SOL now. Anyway, if DOT was able to make a new progress, new ATH will be seen so always be ready for this possibility.

Given Bitcoin new ATH at the moment, I didn't notice that DOT also showed significant movement this month. With its sharp upward movement, I see that in the next few months DOT should be able to capture Solana's market capitalist. Because the difference is quite thin, namely the SOL Marketcap of $47,976,648,847 and the DOT Marketcap of $42,775,865,038
Although investors from the SOL network project attracted more investors.

Cryptocurrency always provide unexpected surprises, today bitcoin experienced a very extraordinary increase, BTC price is up 8.1% in the last 24 hours, this fact shows the crypto market is on a good track.
Ethereum is also experiencing the same thing, Ethereum increase reached 2.3%. Polkadot also goes with the flow of BTC and ETH, in the last 24 hours the price of Polkadot rose 5.4%.
OP decision is very correct, because buying Polkadot when the price is still cheap. If you expect the price of Polkadot to increase, you can take a long-term position, and if you think the price will drop, You can take a short position and still make a profit if the price falls in the trade.
Now the decision is entirely in your hand.

I wouldn't call it dead, far from it. They will release parachain auctions next month and this will probably give another pump to the price. It is not because it is less popular than BTC, ETH and BNB that a project is dead. Don't forget that you also can claim a 12% interest when holding polkadot.

At what price you've been accumulating?
is it not possible that what you did and gave your analysis of polkadot(DOT), because you have been collecting coin dots for a long time, as you say and hope that there will be an increase, can even hope to replace eth ?

I hope the analysis you say is pure because seeing the movement that occurs in the dot is better than the eth !!
so that it is not biased in how to do an analysis that can be trusted for accuracy or at least it makes sense what to do with the analysis you do.

I just looked at the graph for a year between dot with btc and eth, the graph looks like this ;



Looking at the graph for a year with bitcoin, it's true that sometimes the dot can be better than the btc itself but it's not too flashy, so it's relatively natural to be sure that bitcoin still affects the dot too.



while the graph for a year is dot with eth, it is clear here that dot is very reliable and always in the best position than eth itself. when comparing with eth we need appreciation that dot is better.

but can dot replace eth ? Of course, the question can't just be answered that simple just based on a year's graph. there must be more proof of dot if you really want to compete with eth. because the market capitalization of eth is still very high and dot is only 10% of eth.

it seems what you say is not as easy as you think, from many sides it can be said that eth is still the best compared to dot.
indeed, the main problem with eth at this time is the high costs and cannot be controlled properly, so many are innovating so that there are no transactions related to eth.

but it must also be remembered that in crypto nothing is impossible and can happen, but we also have to be realistic because the market capitalization of eth is still very high so it will take time to convince that dot will be able to replace it. make no mistake that there are still many coins that have also wanted to do this shift and indeed no one has been able to so far. because there are still many eth who support it by continuing to hold and make transactions as well.

DOT broke out of this formation 3 days ago with nice volume. From technical point of view looks very nice. Bitcoin is also very bullish. Close to ATH. Looks like we have 1 more leg up for BTC and alts. But as I said before. DOT from fundamential point of view looks dead to me. I suggest to take a look at other alts with symilar TA outlook. Like BNB which just broke triangle.

You did a great job buying on a dip because DOT is growing and if you look at the market price today, I’m sure you already make your profit. ATH will be made in the next bull run, its possible so be patience to hold on that toke and if you see another dip, better to increase your holdings. I also have DOT, let’s keep our faith on this project.

DOT has risen a lot, in fact it is around 41.59 USD, with + 18% and with the probability that it will continue to rise more in price, it is likely that for now there will be upward movements if BTC continues to rise:


Source: https://cointelegraph.com/news/price-analysis-10-13-btc-eth-bnb-ada-xrp-sol-doge-dot-luna-uni

For now, the best thing is those who can buy will not lose so the price goes down, DOT is a very good project and it is for the future.

polkadot and other altcoin in the market are following the trend of the market along with the top crypto, so i believe DOT will continually making good results as long as some alts were doing the same as well and if not for sure it will become unpredictable in my personal opinion.. Actually i'm not an expert, wherein i just said these because that's what always happened and what i noticed when i open 4 different chart every day using my list of altcoins.. So for me it's not surprising if DOT react when some of the top alts shows a pull back.. But i hope it will not happen.  

Depends what you mean by dead I guess. It's never been considered alive to my ratings. Market price is such a false indicator of aliveness, otherwise we might as well take all the thousands of defi nonsense coins out there and call them alive with actual project proposals, but we know that to be false.

But you know these defi guys. They just going to yak until the dead cat stops bouncing.

Polkadot is one of the best crypto assets in 2021. Polkadot is growing in popularity as the project aims to decentralize the web by connecting blockchain and allowing them to interact which will enable new applications such as decentralized finance.
Although it is very difficult accurately predict the future price of polkadot, personally I really support your decision to collect polkadot, especially when you get it when the price is down. Your decision is very right. Because the future of polka dots is so bright that investors will compete to collect polkadot.

But isn't the DOT dead already? It was supposed to be ETH killer. Rushed to top 10 CMC out of nowhere. Its been a while since that and ... nothing. Not much is going on on DOT, there is no good project, there is no good DEX, there is no traffic - 10k daily TX - 800 times less than on BSC (8 mln). I know that, if its not the end of bull market, and it looks like its not the end, everything will pump like crazy. Most likely DOT will pump too. But is a dead project evaluated at 33B$ a good investment? I would rather like to invest in something that succeeded (BSC, ETH, BTC) or at least something that did not failed yet. DOT already failed showing that no one needs it.

Although chart looks decent.

At what price you've been accumulating?
I'm thinking the opposite once this bull run ends. But if there's another series of bull run then we can expect that to happen.

Too good to be true, i have heard a bunch of people keep saying the same thing like that so many times but nothing happened and DOT is already been replaced by a better blockchain like ADA. DOT has no chance to compete with ADA for now.

Overrated blockchain. I can't deny the fact so many projects launched on DOT but i rarely seen a project that issued tokens in the DOT chain. what's happening with it? ATH can be reached but this is not caused by the utility of the platform. Im feeling curious why people are still putting their hopes on DOT. ADA and SOL have transformed to be better blockchains than DOT.

from almost 50$ ATH now valuing 31$ meaning there must be at least 70-80%  increase to reach that another ATH.

https://coinmarketcap.com/currencies/polkadot-new/

While many still believe in DOT , i can see no good reason for this to increase these soon, the last ATH is enough this year and if you want to see another hype then wait for another few years till rightful investors enter again.

I have big hope for Polkadot, and I've been accumulating DOT since the dip. And Polkadot Parachain Auction will be held in the bull run. Expecting chaos!
What do you think about Polkadot?

https://s3.tradingview.com/l/LUmVwD6t.png