Sokipiriye Dokubo
Renowned crypto analyst Michaël van de Poppe suggests that Polkadot (DOT) may have hit a cycle low against Bitcoin, signaling a potential turnaround and surge for DOT.
Van de Poppe, who plans to include DOT in his personal portfolio, points to the project’s fundamental advancements as a driving force behind his bullish outlook.
Adding to the optimism, cryptocurrency price prediction platform CoinCodex predicts that DOT could reach an impressive $27 by May 2024. Analysts also anticipate a monthly peak of $15, nearly doubling its current price.
What’s the forecast for Polkadot in April?
Changelly, a leading cryptocurrency exchange platform, offers analysis supporting the positive sentiment surrounding DOT. Their experts foresee an average DOT rate of $9.73 for April 2024, with a potential low of $9.37 and high of $10.08.
According to CoinGecko data, DOT is currently trading at $8.39, showing no significant changes in the last 24 hours. However, the monthly trend indicates a 25% decrease in the past 30 days. Compared to other top altcoins, DOT has experienced a 34% surge over the last year.
Despite this, DOT remains 85% below its all-time high of $54.98 on November 4, 2021. Changelly experts project that DOT could reclaim this level by December 2028.
These forecasts are noteworthy, reflecting Polkadot’s recent milestones and roadmap. The project continues to make significant progress toward establishing a decentralized, scalable, and interoperable ecosystem for blockchain applications.