Polkadot $DOT Will Reach $100 by The End of April, HERE IS WHY
This is my medium term analysis on $DOT and there will be none to follow for quite a while, so tune in and enjoy the ride!
INTRO, Polkadot $DOT established a new trend and finished its short term explosive cycles, which fired it above $50 from below $5 in december last year as predicted in my previous analysis. By breaking into top 10 leaderboard a true altcoin behaviour can be noticed with a 1:1 correlation to the $BTC price. This takes away crazy 10x upsides, but on it's own is not a bad thing and makes $DOT a viable and future SAFE alternative to holding BTC with over 12% APY and much greater potential if the altcoin correlation is broken due to growing number of project launching their own parachains.
DIMINISHING RETURNS, become more and more prominent with every 105 days micro cycles, the upside vs $BTC decreases by around 0.5x. As Bitcoin gears for a final phase of its explosive bull run a clear target of above $100 can be noticed within the time range of anticipated BTC cycle end range. This analysis assumes BTC top to reach around $113k and is my personal take on the highly uncertain market. The hossa should last as long as stonks won't flop for which they are long overdue. That being said real world markets often can stay overextended for a very long time thus all immediate doom predictions should be taken with a grain of salt.
LONG TERM, Polkadot can easily take a spot of Ethereum within the next crypto cycle (~4y) as reality of ETH 2.0 not being what it supposed to be sets in along the final PnD. The Ethereum clearly becomes a leading force and can easily reach 0.1 ratio by the end of the current cycle, temporarily overtaking BTC in CMC. As Ethereum shows its strengths which can already be seen with a superior to $BTC market structure a speculation regarding its future competition will become apparent.
SUMMARY, Polkadot is expected to reach its top between March and September with most likely cycle top in April, the major resistance and support level should be expected to be $42 to which we should return within the next 3 months. With 2.5x return against BTC from current bottom a great alternative to Ethereum with a whopping 12% APY is painted. At current price levels Polkadot definitely can't be ignored in any highly diversified portfolio. If you have any questions or want to see more posts like this click the follow button and add a comment below.
INTRO, Polkadot $DOT established a new trend and finished its short term explosive cycles, which fired it above $50 from below $5 in december last year as predicted in my previous analysis. By breaking into top 10 leaderboard a true altcoin behaviour can be noticed with a 1:1 correlation to the $BTC price. This takes away crazy 10x upsides, but on it's own is not a bad thing and makes $DOT a viable and future SAFE alternative to holding BTC with over 12% APY and much greater potential if the altcoin correlation is broken due to growing number of project launching their own parachains.
DIMINISHING RETURNS, become more and more prominent with every 105 days micro cycles, the upside vs $BTC decreases by around 0.5x. As Bitcoin gears for a final phase of its explosive bull run a clear target of above $100 can be noticed within the time range of anticipated BTC cycle end range. This analysis assumes BTC top to reach around $113k and is my personal take on the highly uncertain market. The hossa should last as long as stonks won't flop for which they are long overdue. That being said real world markets often can stay overextended for a very long time thus all immediate doom predictions should be taken with a grain of salt.
LONG TERM, Polkadot can easily take a spot of Ethereum within the next crypto cycle (~4y) as reality of ETH 2.0 not being what it supposed to be sets in along the final PnD. The Ethereum clearly becomes a leading force and can easily reach 0.1 ratio by the end of the current cycle, temporarily overtaking BTC in CMC. As Ethereum shows its strengths which can already be seen with a superior to $BTC market structure a speculation regarding its future competition will become apparent.
SUMMARY, Polkadot is expected to reach its top between March and September with most likely cycle top in April, the major resistance and support level should be expected to be $42 to which we should return within the next 3 months. With 2.5x return against BTC from current bottom a great alternative to Ethereum with a whopping 12% APY is painted. At current price levels Polkadot definitely can't be ignored in any highly diversified portfolio. If you have any questions or want to see more posts like this click the follow button and add a comment below.
