Polkadot's market performance has been surreal with its decentralized approach to the web3 blockchain and the much-loved DOT token. It is considered the top five virtual assets by market capitalization. As of May 11, 2021, the DOT token is valued at $36.34 with a market cap value of $33,534,871,216.53.
SummaryPolkadot Price HistoryExperts Talk Polkadot Price GrowthPolkadot Price Prediction For 2021 And BeyondIn ConclusionThe crypto recently reached the huge value of $48, showing its market value. Many experts believe that the price of Polkadot will definitely increase with the mass adoption of crypto payload. Polkadot's design revolutionized the industry and also solved long-term scalability issues.
Due to its popularity and profitability, many traders even look for Polkadot Predictions . Hence, it is safe to say that the market demand for DOT is set to skyrocket in the coming years.
Polkadot entered the market in October 2017 with a successful ICO. In one year, the project raised over $485,331 worth of ETH tokens and $140 million. Moreover, the crypto has sold more than half of its ICO, amounting to 10,000,000 DOT. The ICO is still considered one of the most successful in crypto history.
The token started with high expectations and a market value of $30. However, the ICO hype quickly died down and its price closed at $7. The company suffered heavy losses and resorted to private sales in 2019 and 2020 consecutively. Such practices caused its price to fall to $2.83, but it managed to quickly climb back to $6.
The crypto ended 2020 at a market price of $7.422, and most experts thought it would rise in 2021. The crypto trend in 2021 took Polkadot to $17 in January before starting to fluctuate slightly. Nonetheless, it reached $42, its all-time high, in March 2021 and wobbled at a stable price of $36.
2021 has raised major questions about whether or not to buy Polkadot. Seeing how the crypto has dealt with price fluctuations throughout its history, it is natural to guess its value.
Expert opinions regarding Polkadot are also polarizing. Digital Coin Price speculates that Polkadot will hit $60 in 2021, while some believe it will remain near the $50 mark. Nevertheless, the majority sees Polkadot hovering between $50 and $60 by the end of 2021.
If all goes well, the crypto could surprise everyone and reach the value of $88, as predicted by Long Forecast.
Polkadot Price Prediction for 2021 has a consensus between $50 and $60 at the moment. However, some also see the crypto breaking the $85 mark.
Cryptonewsz considers Polkadot a worthy crypto and expects it to be valued at around $80 by the end of 2022. Wallet Investor also believes that Polkadot will reach a value of $162 before the end of 2022. Although the price seems too high, Polkadot has seen larger fluctuations in the past.
Come 2023, and Cryptonewsz's optimism about Polkadot plummets as they value the crypto at $77. The same goes for Digital Coin Price which sees Polkadot at $77.1 by the end of 2023.
Cryptonewsz sees Polkadot valued at $77 in 2024 and 2025, leaving no room for development. However, Digital Coin Price thinks otherwise as they believe the crypto will reach $86.57 by 2024. Moreover, they believe Polkadot will reach $110.76 in 2027.
Even pundits don't seem to agree on the future of Polkadot, but the currency is showing an uprising in 2021.
Although a popular cryptocurrency, Polkadot has a history of extreme price fluctuations. Currently, the currency is still at the $36 mark, and 2021 looks set to be a good year for crypto. Experts believe that Polkadot will see a gradual increase in 2022 and 2023, but after that the general estimate tends to differ. This is all speculation, but the currency seems to be on the upswing at the moment.
