DOT has officially bottomed and is on a bullish trend towards the 200 Day SMA. You can see that the flag formation I drew a while ago has completed and I'm more confident the bottom of the entire wave 4 pullback in BTC is over.
DOT will head higher from here as the institutional interest is large and it already has smart contracts running on Shiden Network.
The first five parachains have launched on Kusama (DOT's sister network) and there is a fully functional DeFi platform via Karura ALREADY OUT and increasing TVL everyday!
apps.karura.network/
I expect DOT to continue to release massive upgrades over the coming weeks and buying here is a massive discount to fair value.
It sounds crazy but the Schiff has DOT headed to $38 by mid-August - the target is the median line.
It could be that we begin to hear more bullish announcements related to Diem and how FB Diem is using DOT .... see here:
Pontem to Use Polkadot to Connect Diem and DeFi
If a bigger announcement comes out in the next couple weeks or if a new project milestone is met - expect DOT to head back to $50 by end of August.
DOT will head higher from here as the institutional interest is large and it already has smart contracts running on Shiden Network.
The first five parachains have launched on Kusama (DOT's sister network) and there is a fully functional DeFi platform via Karura ALREADY OUT and increasing TVL everyday!
apps.karura.network/
I expect DOT to continue to release massive upgrades over the coming weeks and buying here is a massive discount to fair value.
It sounds crazy but the Schiff has DOT headed to $38 by mid-August - the target is the median line.
It could be that we begin to hear more bullish announcements related to Diem and how FB Diem is using DOT .... see here:
Pontem to Use Polkadot to Connect Diem and DeFi
If a bigger announcement comes out in the next couple weeks or if a new project milestone is met - expect DOT to head back to $50 by end of August.
Note
Talk about timing lolNote
Here is Pontem's website - it feels very professional and well made:pontem.network/
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.