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Cosmos crypto price prediction: Where next after Terra’s crash?

Cosmos crypto price prediction: Where next after Terra’s crash?

ATOM, the native token of the Cosmos network, saw a bullish run in 2021, surging 453.3%.  In the beginning of 2022 the token continued the momentum, rising above $40. But, the surge was short-lived amid negative sentiment in the cryptocurrency markets fuelled by Russia’s invasion of Ukraine.

The crash of the LUNA token and the TerraUSD (UST) stablecoin at the start of May 2022, both based on the Cosmos network, were also key driving points in the cosmos cryptocurrency’s decline.

Where is the token headed now? Here we take a look at what factors are shaping the cosmos crypto forecast for 2022 and beyond.

What is cosmos (ATOM)?

Coined as “the Internet of Blockchains” by its founding team, Cosmos aims to build an ecosystem of independent interconnected blockchains, allowing them to “interoperate while retaining their security properties”. It was co-founded by Jae Kwon and Ethan Buchman in 2016.

Blockchains can interact through its architecture of zones. Users can build multi-asset public Proof-of-Authority (PoA) and Proof-of-Stake (PoS) blockchains, like the Cosmos Hub.

Through this the network aims to solve a number of limitations of cryptocurrencies, including scalability, usability and sovereignty. The end goal, the platform’s website notes, “is to create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralised way.”

The network’s focus on customisability and interoperability sets it apart from other projects.

Cosmos is based on the Tendermint Byzantine Fault Tolerance (BFT) consensus algorithm designed to ensure finality, order consistency and optional availability. The network also consists of the Cosmos SDK, an industry standard for building blockchains.

Cosmos’ IBC (inter blockchain communication) allows blockchains within the ecosystem to connect so that they can transfer tokens and other data between one another frictionlessly and seamlessly.

In addition, users can also create marketplaces allowing for permissionless global trade. They can build autonomous application-specific blockchains, rather than smart contracts, to avoid high transaction fees and network congestion.

Moreover, users can also create games with unique collectibles in the form of non-fungible tokens (NFTs) and character upgrades that they can monetise without third-party approval or app store fees.

According to the network’s website, there are currently (30 May) 265 apps and services on Cosmos, including the Binance Chain (BNB), Terra (LUNA) and Crypto.org (CRO), with over $66bn of digital assets under management.

While the Cosmos Hub is a multi-asset distributed ledger, it offers ATOM, its native token. ATOM is the only staking token of the Cosmos Hub, and acts as a licence, allowing holders to vote, validate or delegate to other validators.

The token can also be used to pay for fees on the platform to mitigate spam, similar to Ethereum’s ETH. The token provides security to the chain, allows holders to earn rewards and vote.

As of 30 May, there are over 289m tokens in circulation, according to CoinMarketCap. The token has a market capitalisation surpassing $2bn and is ranked as the 29th biggest cryptocurrency on the platform.

The bullish run: Technical view

The ATOM cryptocurrency was listed on CoinMarketCap in March 2019. It was trading in bearish territory until the start of 2021. In February 2021, ATOM  surged by 174.2% from the low of $7.3839 to its first peak of $20.25 on 13 February. Between February and May, the token managed to grow an additional 42.1%, reaching above $28 by 9 May 2021.

The ATOM crypto value bottomed out between May and July, dropping by 67% to $9.4857 on 20 July 2021. This bear trend provided an opportunity for a new bull run, which saw the ATOM/USD price surge to the all-time high of $44.54 on 19 September 2021.

The token’s record level came ahead of the platform’s participation at Mainnet 2021, an immersive, agenda-setting summit held annually for crypto industry leaders.

ATOM to USD chart, Mach 2019 – May 2022

ATOM saw new highs once again in October 2021, surging to $43.22 on 26 October 2021 as Cosmos announced that Terra became the latest chain to enable IBC, bringing its native LUNA cryptocurrency as well as its TerraUSD (UST) stablecoin with it.

The cosmos cryptocurrency entered 2022 on a positive note, surging by 97.9% to $41.99 on 4 January 2022 from its $21.22 17 December 2021 low. A second surge followed on 16 January 2022, which saw ATOM’s value rise to $43.61. This was due to several reasons.

Firstly, Cosmos reported to have neared EVM-protocol compatibility, which would allow assets and projects that operate on the Ethereum network to migrate over to Cosmos. Secondly, the project announced that a liquidity staking module was coming to the platform, which would give additional functionality to the stakes chain assets.

That, however, was the last time ATOM was so close to its all-time high as it embarked on a bearish run for the remainder of 2022. Wider negative crypto market sentiment was fuelled by the start of the war between Russia and Ukraine, as well as bitcoin (BTC) falling below $27,000.

What is your sentiment on ATOM/USD?

The token lost around 79% of its value, hitting as low as $9 by mid-May 2022, as seen on the chart above. Today (30 May), the coin is valued at $9.94.

ATOM technical analysis provided by CoinCodex, as of the time of writing (30 May), showed that sentiment on the token was largely bearish.

A Relative Strength Index (RSI) reading of 32.5 was neutral yet extremely close to oversold territory. A reading of 30 or below would indicate that the asset has become undervalued and a trend reversal is likely. Meanwhile, the token was trading above its three-day moving average but below its five and 10-day moving averages.

Can ATOM recover?

In the latest cosmos crypto news, the network’s Gravity Bridge announced a number of milestones at the start of March 2022, including the introduction of ATOM with Ethereum DeFi and the Cosmos NFT platform, Stargaze, working with Gravity Bridge to send NFTs from Ethereum to Cosmos.

In April 2022, Cosmos introduced  its Theta upgrade which saw the official launch of Interchain Accounts, a module that has the potential to boost interoperability, traffic and composability.

In May 2022, KYVE, the Web3 data lake solution, joined the Cosmos ecosystem and migrated most of its blockchain protocol from EVM-based chain to the Cosmos SDK-based chain.

At the beginning of May 2022, the prices of the LUNA cryptocurrency and the UST stablecoin crashed, losing over 90% of their values within days. The tokens were based on the Cosmos network.

“As always, the cosmos ecosystem will continue to be a nurturing and safe environment for bold entrepreneurs to bring forth the Internet of Blockchains. Tendermint, IBC and the @cosmos SDK are showing the world how resilient & secure they are under extreme market conditions,” Cosmos said on Twitter during the LUNA crash.

In December 2021, Cosmos promised that its hub will continue to grow in the coming year, announced the launch of interchain security and accounts, more decentralised finance (DeFi) projects and the rise of NFTs.

“Cosmos is not a new token. It has been around since 2017 and has survived through all the down periods. Cosmos constantly remained in the top 50,  although many new investors may not have heard of it as it is not marketed that aggressively unlike Polygon or Binance Smart Chain,” BigOne Exchange chair in Asia, Anndy Lian told Capital.com.

According to Lian, the ATOM token took off because the Cosmos network offers “a simple experience for blockchain developers” with  “easy-to-understand tutorials, tools, and community assistance for developers.”

In 2020, Jae Kwon stepped down from his position as one of the project’s co-founders to focus on a different project. This, according to Lian, is one of the biggest uncertainties for the Cosmos prediction.

“He exited back then after several high-ranked employees left the company in protest of his leadership and it was reported that Kwon’s return to NewTendermint has continued to feud with his former Tendermint colleagues. I am not sure what is the truth and what are the backstories for this, but I think the lack of unity within their group makes this token vulnerable,” he noted.

Lian added that at the moment, ATOM has a strong support around the $9 range.

“Falling below this amount would mean that it may go below its launch price. This could happen too. Apart from the internal risks, I would caution all to look at external risks to manage your portfolio better.”

Cosmos (ATOM) price prediction 2022-2030

Despite the latest downward price action, algorithm-based forecasting service Wallet Investor gave a bullish outlook for its ATOM prediction, as of 30 May, suggesting ATOM is “an awesome long-term investment” with long-term earning potential at 752.13%.

Based on its analysis of past price performance, Wallet Investor’s cosmos coin price prediction suggested that the token could trade at $26.389 in 2023 and $84.685 by 2027.

DigitalCoinPrice also gave a positive ATOM crypto price prediction but saw a much slower pace of growth in future years. The site projected that ATOM could reach the target price of $13.76 by the end of 2022, $18.73 by the end of 2024 and $24.33 by 2025.

By the end of 2027, the site’s cosmos crypto price prediction expected that the coin could reach $34.02. Its long-term ATOM coin price prediction showed the cryptocurrency could trade at $49.10 by 2030.

Note that algorithm-based and analysts’ projections can be wrong. Forecasts and analysts’ expectations shouldn’t be used as substitutes for your own research. Always conduct your own diligence and remember that your decision to trade or invest should depend on your risk tolerance, expertise in the market, portfolio size and goals.

Keep in mind that past performance doesn’t guarantee future returns. And never invest or trade money you cannot afford to lose.

 

Original Source: https://capital.com/cosmos-atom-price-prediction

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Wrapped LUNA price prediction: Can WLUNA resurface?

Wrapped LUNA price prediction: Can WLUNA resurface?

The crypto market has been battling one of its biggest selloffs, which saw the TerraUSD (UST) stablecoin and its sister cryptocurrency, LUNA, lose over 90% of value within days.

The LUNA-pegged token wrapped LUNA (WLUNA), was also affected by this blow to the cryptomarket as its value depends on the performance of LUNA. Between 5 May 2022 and 23 May 2022, the value of WLUNA fell from $86.03 to $0.000209.2.

Terra’s co-founder, Do Kwon, launched a plan to fork the Terra blockchain on 18 May 2022 in an attempt to get  the token back to its previous values. However, so far, the plan seems to have had no effect on the WLUNA token price. Will the token resurface and what’s next for the WLUNA crypto price prediction?

What is the wrapped LUNA token?

A wrapped token is a cryptocurrency pegged to the value of another cryptocurrency built to represent it on a separate blockchain. Wrapped coins can be redeemed for the cryptocurrency that they represent at any given moment and their function and operation is very similar to that of stablecoins. However, instead of being pegged to fiat currency, their value mimics that of another digital asset.

Wrapped coins increase interoperability between blockchains that are usually designed in a way that makes it impossible to pass information between them.

Launched in August 2021, the wrapped LUNA (WLUNA) cryptocurrency is the compatible version of the LUNA coin built on the Ethereum (ETH) network.

The LUNA token is the native cryptocurrency of the Terra ecosystem. LUNA is a staking protocol token. TerraUSD (UST) is a stablecoin pegged to the US dollar. UST tokens are minted each time LUNA tokens are burned.

If the value of UST goes above $1, then the same amount of LUNA tokens would be burned, minting more UST and making the stablecoin less valuable. However, if the UST is valued below $1, they can be swapped for LUNA, making the tokens more valuable.

WLUNA tracks the value of the original LUNA token on ERC-20 standards, which means it can be minted on the Ethereum blockchain and has utility with other decentralised finance (DeFi) protocols built on Ethereum. One LUNA can be exchanged for one WLUNA and vice-versa.

Other uses of the WLUNA cryptocurrency include:

  • Tokenisation –  an increased speed of transactions; reduced number of intermediaries; enhanced security; greater usability; and improved transparency.
  • Liquidity on decentralised exchanges and decentralised applications (dApps).
  • Interoperability between cryptocurrencies.
  • On chain ways to enhance policies (rules on asset transfer or trade).

The circulating supply of WLUNA coins stood at over six trillion as of the time of writing (23 May), according to data provided by CoinMarketCap. The cryptocurrency had a market capitalisation surpassing $1.22bn and was ranked as the 2849th biggest token.

WLUNA was on a joyous ride

The wrapped luna coin price was on an upward trend from the early days of its launch, closely following the 2021 surge of the LUNA token.

WLUNA to USD chart, August 2021 – May 2022

As the price of WLUNA is directly correlated to LUNA, the token’s 2021 success was driven by developments in the TerraLuna ecosystem.

Although WLUNA’s value dropped in January 2022, it reversed and continued rising until the end of February 2022, when a wider crypto market sell-off wiped out nearly 50% of its value down to $52.71 on 24 February 2022.

At the start of March 2022, the WLUNA to USD price started to resurface once again and hit an all-time high of $117.98 on 5 April 2022 following a month’s pace of steady surging as the double rewards for UST launched on Polkadot (DOT) via StellaSwap (STELLA).

However, the token dipped by around 35% in the following weeks to $76.22 by 18 April 2022. Even though the token regained its value and traded at relative highs throughout the remainder of April and the start of May, more recent wrapped luna token news saw its price dip by nearly 98% from $66.19 on 8 May 2022 to $1.4318 on 11 May 2022.

The WLUNA dip

In the second week of May LUNA was still in the top 10 biggest cryptocurrencies. But, ever since UST lost its peg to the US dollar, the token – along with the wrapped LUNA coin – has been in freefall.

Many attributed LUNA’s freefall to broader negative crypto market sentiment, which saw bitcoin (BTC), the biggest cryptocurrency by market capitalisation, trading below the $27,000 value for the first time since June 2020.

However, days after the dip, reports speculated that the cryptocurrency crashed as investors decided to carry out a plan that saw them purchasing a large sum of BTC to buy UST, with the intention of profiting once the value of UST fell. This led the UST to depeg from the US dollar and lose all of its value, dragging LUNA and WLUNA down with it.

Others speculated  that the cryptocurrency lost its value due to its high dependency on the Anchor Protocol, a UST savings account that paid a 20% interest rate and made the asset a very popular investment.

In March 2022, Anchor announced that it was planning to readjust its interest rates after passing a new community vote which would see the rates drop or increase 1.5% each month. Following the news, many investors chose to empty their Anchor wallets and sell their TerraUSD, LUNA and WLUNA tokens.

In a reply to the massive LUNA and UST crash, Do Kwon said on Twitter that he was “close to announcing a recovery plan for $US”, which came days later in the form of a new Terra blockchain vote “to rename the existing network Terra Classic, LUNA Classic (LUNC), and rebirth a new Terra blockchain & LUNA (LUNA).”

Does WLUNA have a bright future?

The new community vote proposed by Kwon would see the Terra blockchain split in two. If the vote passes, the old chain will be called Terra Classic and LUNA renamed Luna Classic ( LUNC).

The plan is for the current chain and new chain to exist simultaneously, but operate separately. The new chain, on the other hand, would ditch the UST stablecoin and would instead use the LUNA cryptocurrency.

Although Kwon Do noted that his proposal had “broad support” from the community tagging a number of accounts, many users were unhappy with this announcement. Despite this fact, as of 23 May, the vote seems to be passing with over 171 million investors voting in its favour.

The Terra platform is also planning to launch Terra 2.0, an updated version of its ecosystem.

BigOne Exchange chair in Asia Anndy Lian told Capital.com that Coinbase (COIN), one of the world’s leading crypto exchanges, will be suspending WLUNA and UST trading on 27 May 2022, which could be a “sign of big volatility to come”.

“In order for a possibility for wrapped LUNA to work, LUNA got to work. Exchanges are still cautious of LUNA, UST and their ecosystem of tokens. Anchor and Mirror for example are also suspended due to the downfall of LUNA. New investors understand the volatility and always do their own research before embarking on this token again,” he added.

Since the UST and LUNA tokens collapsed, many crypto exchanges including Binance, OKX and Crypto.com have also suspended their trading.

Wrapped LUNA token price prediction 2022-2025, 2030

Despite the latest downward price action, algorithm-based forecasting service Wallet Investor gave a bullish WLUNA price prediction at the time of writing (23 May). The site noted that wrapped LUNA is “an awesome long-term investment.”

Based on its analysis of past price performance, Wallet Investor predicted that WLUNA could trade at $76.041 in 2023 and reach $369.024 by 2027.

DigitalCoinPrice supported the positive WLUNA/USD outlook yet saw a much slower pace of growth in the following years, expecting the token to grow to $0.000306 by the end of 2022 and reach $0.000480 by the end of 2025.

By the end of 2028, the site projected that the wrapped LUNA coin forecast could reach $0.000819. Its long-term forecast expected the cryptocurrency to reach $0.00100 by 2030.

Note that predictions about the future of WLUNA can be wrong. Forecasts and analyst expectations shouldn’t be used as a substitute for your own research. Always conduct your own due diligence. Keep in mind that past performance is no guarantee of future returns. And never invest or trade money you cannot afford to lose.

 

 

Original Source: https://capital.com/wrapped-luna-wluna-price-prediction

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Polkadot crypto price prediction: Connecting all blockchains

Polkadot crypto price prediction: Connecting all blockchains

After a strong April 2022, the price of DOT, the native cryptocurrency of the Polkadot blockchain, declined by over 50% to $11.22 on 16 May 2022.

Triggered by overall negative market sentiment that saw bitcoin (BTC), the number one cryptocurrency by market capitalisation, fall to $26,000 levels for the first time since 2020, the polkadot token has been also acting bearish.

Currently in the final stage of its development, polkadot aims to connect all the blockchains through one platform. Will it be able to succeed, and what is in store for the polkadot crypto forecast? Read on for our analysis.

What is polkadot coin?

Founded in 2016 by Ethereum co-founder Gavin Wood, the Polkadot network is one among many software competitors aiming to incentivise a global network of computers to operate a blockchain, on top of which users will be able to launch and operate their own blockchains.

The project is being developed by Web3 Foundation’s Parity Technologies, which focuses on the development of innovations that break down centralised online services and enable institutional innovation.

Unlike similar projects such as Ethereum, Cosmos and EEOSIO, Polkadot’s protocol connects a whole network of purpose-built blockchains, allowing them to seamlessly operate with one another, through its so-called parachains.

Polkadot allows for a number of transactions to be conducted at once and is easy and open for more innovations and collaborations due to its collaboration with other blockchain protocols.

Additionally, the network enables blockchains to upgrade without having to fork the chain, which used to take months and at times split the community.

The Polkadot network is powered by DOT, which has three leading purposes:

  • Governance: DOT holders have complete control over the Polkadot protocol like deciding which events take place within the protocol (upgrades and fixes) through voting.
  • Staking: through storing funds in a digital wallet, users can earn DOT tokens by running operations on the blockchain. There are four ways in which DOT holders can interact with the staking system.
  • Bonding: DOT holders can block a certain number of tokens for a certain period of time.

DOT holders can become:

table

As of 16 May, the total supply of DOT coins stands at over 1.1 billion, with over 987 million tokens in circulation, according to data provided by CoinMarketCap. The cryptocurrency has a market cap surpassing $10bn, ranking it as the 11th biggest cryptocurrency.

Polkadot chart analysis: Does Polkadot have a future?

DOT to USD chart, August 2020-May 2022

Polkadot launched in late August 2020 at $2.875. For the next six months, the DOT token price moved sideways before gaining some momentum in mid-January 2021. It jumped 187.4% since its launch to hit $8.2641 by 12 January 2021.

The token continued on a bullish trend, skyrocketing to $39.7 by 21 February 2021 – a 380% surge in a little over a month. However, positive sentiment did not last long as DOT dropped below the $32 mark in the next four days and continued to fluctuate between $33 and $38 for the entirety of March 2021.

By 14 May 2021, the DOT cryptocurrency surged to $47.95, a then all-time high, ahead of Polkadot’s launch of parachains – the network’s final launch in a series of multi-phase processes. On 23 May 2021, however, the token dipped by over 60% to $18.03 as Polkadot nodes failed with an out of memory error while trying to build a block. While the nodes themselves did not crash, their runtime did. It kept a bearish trend throughout the summer months, falling as low as $10.98 in mid-July.

The polkadot coin price started to resurface once again at the start of September 2021 following news that the crypto was planning the launch of its cross-consensus messaging format.

On 4 November 2021, DOT reached its all-time high, surging by over 390% since its July lows to $53.88, as the network announced the passing of referendum 42 in a community vote that would enable parachain registration and ‘crowdloans’.

The following day, Polkadot announced the passing of referendum 41 in a separate community vote, which saw the registration of its first parachain, keeping the polkadot token valued above $50 for the next few days.

A Polkadot technical analysis provided by CoinCodex showed the short-term sentiment for the token was largely bearish at the time of writing (16 May).

What is your sentiment on DOT/USD?

A Relative Strength Index (RSI) reading of 38.73 indicated neutral territory. A reading of 30 or below would indicate the asset has become undervalued and a trend reversal is likely. Meanwhile, the token was trading above its three and five-day moving averages (MAs) but below its 10-day MA.

Following its November 2021 success, the token embarked on a bearish trend losing over 79% of its value since its all-time high and reaching $11.22 by 16 May 2022.

Is polkadot a good investment?

Recent DOT crypto news has seen the platform developing its parachain rollout stage, the final part of the Polkadot v1 launch process. As of 16 May 2021, the Polkadot community is on the final stage of voting to enable parachain functionality via a runtime upgrade. Once the vote is complete, parachains will be live on Polkadot and the network’s launch will be complete.

SmartBlocks and Fanatics Media fonder Mark Fidelman told Capital.com:

“Overall, the DOT is down but it’s not as down as other tokens. So, this is a good sign. What’s driving it, of course, are all the parachains… I believe the infrastructure that Polkadot is creating is driving the [token’s] value because there’s true value here.”

On 3 May 2022, cross-chain functionality went live on Polkadot which, according to BigOne Exchange chair in Asia Anndy Lian, “sets an example for interoperability and sets the tone for their network expansion of substrate-native assets and tokens”.

“DOT can now be used on several DeFi apps and on their parachains involving yield farming, borrowing, lending and liquidity sharing. As their cross-chain use cases increase within their ecosystem, I hope to see positive trends in their pricing too,” Lian noted.

Future Polkadot upgrades include the development of the Cross-Chain Message Passing, which will allow parachains to exchange messages with other parachains. As well as the launch of parathreads, that temporarily participate in Polkadot security without needing to lease a dedicated parachain slot.

Following the recent crypto crash surrounding stablecoins, many investors are looking to turn towards more trustworthy cryptocurrencies. Media Coin LLC founder Jeff Freiberger told Capital.com:

“There have been some recent press mentions that [DOT] is a good one to invest in and it shows how hard the market is looking for some hope to bounce back with many people ready to buy in. I think people are finding value in its uniqueness to connect to several different blockchains.”

Freiberger added that the DOT/USD future price had a lot of potential to resurface due to recent positive coverage around the cryptocurrency.

“The fact that news is circling it in a manner that gives the consumer hope is a good thing. I also see a lot of cryptos eventually growing again after the final current sell off is reached.”

SmartBlocks’ Fidelman added that the token has potential to be better adopted by the wider market, however, it also runs several risks, like a failed mission to unite all blockchains in one.

Polkadot prediction 2022-2025, 2030

Despite the latest downward price action, algorithm-based forecasting service Wallet Investor gave a bullish DOT crypto price prediction at the time of writing (16 May). The site noted that DOT was “an awesome long-term investment”, adding that it has a long-term earning potential amounting to 348.53%.

Based on its analysis of past price performance, Wallet Investor expected that DOT could be valued at $20.549 in 2023. The polkadot long-term price prediction was expected to reach $50.379 by 2027.

DigitalCoinPrice supported the positive DOT coin price prediction but saw a much slower pace of growth in the following years, projecting that the polkadot 2022 value could grow to $14.62, reach $20.26 by the end of 2024 and jump to $25.48 in 2025.

By the end of 2028, the site predicted the DOT coin could reach $39.37. The price of polkadot in 2030 was projected to grow to $54.12.

Note that predictions about the future of DOT can be wrong. Forecasts and analyst expectations shouldn’t be used as a substitute for your own research. Always conduct your own due diligence and rely on your own projections. And never invest or trade money you cannot afford to lose.

 

Original Source: https://capital.com/polkadot-forecast-will-dot-price-rise

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j