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Popular Analyst Predicts Huge Polkadot Bull Run! DOT Price Poised to Hit $100

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Dot Price to Hit More Than $40 in a Month

Polkadot price is showcasing a comparatively powerful performance than Bitcoin after it launched it’s own parachain. Having a strong fundamentals and the protocol being sophisticated, the DOT price is expected to touch $43 by the end of January 2021 as predicted by analysts, ich1baN.

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However, the Polkadot price rally is expected to hit new highs in 2021, marking a profit gain of more than 10 times. One of the popular analysts,Mr Business, believes DOT price may hit $100 as the marginal cost(MC) which  is the initial expenditure to set up a new cryptocurrency, of DOT is 12 times more than that of Ethereum. And if Ethereum is poised to hit $10000 in 2021, then Polkadot may also hit $100.

Moreover many other analysts also have set their DOT price target at $100, and in fact some believe DOT price may hit $500 also.

Also Read: PolkaDot Price Surges High, Market Cap Hits $10 Billion

Polkadot Price Analysis

DOT chart

DOT price initiated its bull rally with a major boost a couple of days before which carried the price from $8 to more than $11 within hours. However, a small correction face was awaiting for the asset that pulled the price close to $10.7.

Surprisingly, the plunge was short-lived and the rally continued like a giant to form a new all-time high at $14.86. Nevertheless a small correction again dipped to $13.44 but the asset balanced the stumble profusely and stood strong above $14. 

As the DOT price formed new highs, it just flipped XRP and gained the fourth position as per the market capitalization to enter top 3 assets excluding the stablecoin USDT. The trading volume also increased close to 100 percent from more than $3 billion to $6,521,188,162 at the press time.

The price at the time of writing is $14.07 with a massive jump of 26.46 percent in the last 24 hours. 

Technical Indicators

  • The resistance level is formed at the newly formed close to $15, at its all-time high at $14.86. However, DOT price is expected to touch new high much higher than the resistance levels.
  • The support levels are formed initially at $13.5. If the price trembled at these levels it needs to revisit the next support levels at $10.76 and finally at $8.07
  • The market sentiments are extremely bullish and the technical indicator is pointing towards a ‘strong buy’ signal.

Interesting Read: Analyst Believe Polkadot (Dot) Price to Hit $250 in 2021! Will It Enter the Top 5 Crypto Assets?

Source: https://coinpedia.org/news/polkadot-bull-run-dot-price-to-hit-100/

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LINK Price Correction to end soon, Is the New ATH Approaching at lightning Speed?

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Chainlink price analysis

The post LINK Price Correction to end soon, Is the New ATH Approaching at lightning Speed? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Resilient LINK price Bounces more Than 16% After providing an opportunity to accumulate more ChainLink at $20, the LINK price recovers like a giant to chase the target at $30. The price currently appears to have successfully completed the correction phase and is heading towards the ATH to form a new one. The accelerated LINK …

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Source: https://coinpedia.org/price-analysis/link-price-correction-to-end-soon/

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Popular Crypto Analyst, Optimistic About 2 Altcoins to Outshine

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altcoin

The post Popular Crypto Analyst, Optimistic About 2 Altcoins to Outshine appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Popular crypto analysts, with Twitter handle @SmartContracter, suggested defi tokens, Aave (AAVE), and Synthetix (SNX) have the potential for a massive breakout.  #DeFi blue chips like $aave $snx et al. will probably bounce the most seeing as they dumped the least.most didn’t even make LLs but instead making HLs, expecting potetnailly 30%+ bounces from here.10% …

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Source: https://coinpedia.org/altcoin/top-altcoins-to-outshine/

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Analyst Tyler Swope Predicts NFT20’s Explosion in the Future

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nft tokkens

The post Analyst Tyler Swope Predicts NFT20’s Explosion in the Future appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Cryptocurrency trader and analyst Tyler Swope on his Youtube channel ‘Chico Crypto’ posted a video predicting the potential growth of NFT20 and its governance token MUSE. Swope on his channel with 198K subscribers expressed his opinion that NFT20 will surely be the next big thing, Although the majority of people have not acknowledged this yet, …

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Source: https://coinpedia.org/news/analyst-predicts-nft20s-explosion/

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DeFi Space Rebounds Notably with an Average Return of 20% in 24 hours!

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defi tokens rally

The post DeFi Space Rebounds Notably with an Average Return of 20% in 24 hours! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

More than $4 billion Rises in TVL Recorded in Past 24 hours! The DeFi space that gained mainstream attention with the monster rally of the popular DeFi token YFI, had concealed behind the bitcoin bull rally. Yet, recently, the DeFi space appears to have gained the lost momentum to speed up the bullish trend. Major …

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Source: https://coinpedia.org/defi/defi-space-rebounds-notably/

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