DOT is the native token of the Polkadot network and it is used for staking for operations, bonding tokens to connect to flagships, and network governance. One of the aims of the Polkadot protocol is to provide the foundation for the creation of decentralized internet of blockchains known as web3. Polkadot provides the necessary tools for the creation of decentralized applications, services, and institutions controlled by the users. Polkadot (DOT) has four components which are relay chain, bridges, parachains, and parathreads. What is Polkadot (DOT)? SOL is the token used to carry out transactions within the Solana open-source blockchain. The blockchain can be used to build decentralized applications and also deploy smart contracts. It was launched in March 2020 with Anatoly Yakovenko as the main co-founder. Dot is used as the token for transactions on the Polkadot blockchain. Polkadot is a sharding chain in that it helps the transfer of data and assets from one blockchain to another to improve scalability. It was founded in 2016 by Gavin Wood, Peter Czaban, and Robert Havermeier. Now, let’s see Polkadot’s (DOT) price analysis for coming years. Polkadot (DOT) Price Analysis Flashback: Fundamental Analysis of Polkadot (DOT) A research report by Messari on-chain published that Polkadot (DOT) is the highest altcoin that is held by Venture Capital fund managing organizations in the fourth quarter of 2021. This shows that although, DOT is the 12th cryptocurrency with a market capitalization of about $17.32 billion. This news might push more investors to hodl the coin for the long term which will directly move the price higher. Nodle, a decentralized wireless network that provides secure and low-cost connectivity and data liquidity to connect billions of devices worldwide has won the Polkadot challenge for developers who registered for Parachains. With a large number of Nodle users and the over 2.48 million DOT used in the challenge, more users in the crypto community will be exposed to the Polkadot blockchain which will directly impact positively on the price of DOT. Now, let’s look at charts to see what it says about the price analysis of Polkadot (DOT). https://www.tradingview.com/x/mixTzdS4/ The Relative Strength Index (RSI) value of Polkadot (DOT) is 48.66 from the link above. This means that the present trend of DOT is neutral since it lies between 30 and 50. However, since it is approaching 50 which means a strong trend, the price of DOT might move higher since the present candlestick is bullish. https://www.tradingview.com/x/TfdKCOHA/ The long-term price of Polkadot (DOT) from the link above is bearish. This is because the 100-MA is above the 200-MA in the 1Day chart of DOT/USDT. https://www.tradingview.com/x/hzuBnu7g/ The link above represents the chart for the William Alligator indicator for DOT/USDT. Since the blue curve called the jaw is above, it means that the present downtrend of Polkadot might continue for a while before a reversal. The section below outlines the Polkadot price prediction for the next five years. Polkadot (DOT) Price Prediction 2022 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2022, the price of DOT will be at least $19, $22, $20, and $30 respectively. Polkadot (DOT) Price Prediction 2023 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2023, the price of DOT will be at least $40, $50, $55, and $80 respectively. Polkadot (DOT) Price Prediction 2024 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2024, the price of DOT will be at least $75, $90, $110, and $150 respectively. Polkadot (DOT) Price Prediction 2025 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2025, the price of DOT will be at least $160, $180, $170, and $250 respectively. Polkadot (DOT) Price Prediction 2026 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2026, the price of DOT will be at least $280, $300, $320, and $500 respectively. DOT Price Prediction: Market Sentiment DOT price prediction from well-known media houses is explained below: PricePredictions According to PricePredictions, the price of DOT will be $22.7 by 2022 and $455 by the end of 2030. DigitalCoins According to DigitalCoins, the price of Polkadot (DOT) will be around $23.3 in 2022 and $80 by the end of 2030. Wallet Investors According to Wallet Investors, the price of Polkadot (DOT) will be $32.5 by next year and $96 in five years. Our Polkadot Price Prediction With the adoption of Polkadot Parachains in mobile data usage by Nodle and a forecast that the mobile global data traffic will be 220.8 million terabytes per month by the year 2026, we can deduce that it is possible for DOT to reach $500 by 2026. Conclusion From the fundamental analysis and the market sentiment around … Continued

The post Polkadot Price Prediction 2022-2026-Will DOT Price Hit $30 by the end of 2022? appeared first on Cryptoknowmics-Crypto News and Media Platform.

The Ukrainian government has launched an official cryptocurrency donation website to raise funds in support of the Ukrainian armed forces and humanitarian aid programs in the fight against Russia. The donation platform is a collaboration between the Ministry of Digital Transformation of Ukraine, Everstake, and cryptocurrency exchange FTX. Government’s Crypto Donation Website Now Live The […]

Polkadot is currently the talk of the crypto town. The promising blockchain network, headed by Gavin Wood and Robert Hebermeier, garnered significant traction over the years. Betting on YOU Polkadot was the most commonly held altcoin in Q4 last year. Around 24 out of 57 tracked funds invested in it. Meanwhile, 42% of venture capital […]

Bullish DOT price prediction ranges from $29.93 to $55. The DOT price might also reach $80 soon. DOT bearish market ...

Read More...

Crypto donations have increased into millions, with the government and an NGO getting nearly…

The post Crypto has provided Ukraine a way to ‘fight back’, digital transformation minister says appeared first on Coin Journal.

It’s been a rollercoaster of emotions in the crypto market over the last few…

The post Polkadot (DOT) could swing up by 25% in the coming days – Here is why appeared first on Coin Journal.

The post Polkadot (DOT) and Terra (LUNA) May Be Best Altcoins to Bet On Now! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The global crypto market has changed course after a continue loss. The new gains have brought it a significant value as its market cap has reached $1.78T. Bitcoin and Ethereum sees minor growth with major altcoins show mixed signals. Altcoins Traders Need to Watch Terra [LUNA] was the altcoin champion of the week, according to Messari’s …

The debate of whether bitcoin is stealing gold’s market share as a store-of-value asset has been heating up in recent years. With bitcoin getting clobbered amid the crisis in Ukraine, investors are now questioning its safe-haven status.

Today Polkadot (DOT) fell below the moving averages as the altcoin continues its downward correction. On February 28, the altcoin rallied to a high of $19, but the bullish momentum could not be sustained.

The Malaysian minister says Bitcoin and Ethereum do not exhibit characteristics of money. Malaysian…

The post Malaysian minister says cryptocurrencies are not suitable for payments appeared first on Coin Journal.

Gavin Wood, the founder of the Polkadot (DOT) blockchain platform has just donated $5.8 million worth of DOT tokens to Ukraine. Polkadot Founder Donates $5.8M to Ukraine A few days ago, Polkadot founder, Gavin Wood announced that he would be donating $5 million to support the Ukrainian government’s efforts in its war against Russia if they include a $DOT address in addition to Bitcoin (BTC), Ethereum (ETH), Tether (USDT). If you post a DOT address I'll personally contribute $5m. — Gavin Wood (@gavofyork) February 27, 2022 Yesterday, he followed up on his promise and donated $5 million, posting a receipt of the transaction in a tweet. https://t.co/bFyYkKDseL — Gavin Wood (@gavofyork) March 1, 2022 According to the DOT transaction, the Polkadot founder just shared, the total donation amounts to 298,367 DOT tokens. Given DOT/USD currently trading around $19.05, Wood’s donation stands at around $5.8 million. The Polkadot address appears to have collected a slew of smaller donations both before and after Wood’s contribution. The address’s 6th donation, worth 10,000 DOT appears to be the 2nd largest it has received. In total, the Polkadot address now holds 324,580 DOT tokens worth over $6 million. Ukraine Receives Millions in Crypto Donations Ukraine has amassed tens of millions of dollars in crypto donations within a week. In fact, the country’s Bitcoin address has received over 200 BTC worth $8 million while its Ethereum address has got over 2500 ETH worth $7 million. Polkadot is an open-source cross-chain bridge blockchain platform. Founded in 2016, its native cryptocurrency DOT is currently the 11th largest by market cap.

The post Polkadot Founder Gavin Wood Donates $5M in DOT Tokens to Ukraine appeared first on Cryptoknowmics-Crypto News and Media Platform.