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Polkadot Targets For 2024-2025ETHEREUM CLASSIC COMPARISON Ethereum Classic is a coin from around august 2016. It had its first bull run in 2017/2018. It had its second and most powerful bullrun in 2021, when it made an approximately 53x from its (double) bottom. Coins that were "new" during one bull cycle often perform best in their second, more mature bull cycle. What can be observed with ETC, can also be observed with LTC, ADA, and plenty of other coins that had a first good bull cycle, but an even more impressive 2nd. After the 2nd cycle, the returns tend to diminish because of saturation, large amount of bagholders, and a larger marketcap. POLKADOT Polkadot is coincidentally a coin from around august 2020. It launched just in time to participate in the 2021 bull cycle. According to some, it under-performed compared to other cryptocurrencies. As of July 2023, we can observe a double bottom pattern on the weekly BINANCE:DOTUSD chart, with the 50 weekly MA also flattening out, which is a positive sign for bulls as it shows a weakening bearish trend. Polkadot's BTC ( BINANCE:DOTBTC ) pair is also extremely oversold on the weekly chart. PRICE TARGETS Looking at COINBASE:ETCUSD , we can see that Ethereum Classic had a blow-off top to the 3.618 fib level in may 2021, reaching a price of over $165 dollars, or a 53x from its bear market lows. If Polkadot were to perform similarly, it could potentially reach a price of $193, corresponding with its 3.618 FIB level. A 53x from its bottom would give us an approx. price of $220 per DOT sometime in 2024 or 2025. PRELIMINARY TARGETS FOR DOT Polkadot does not have extensive price history like bitcoin or ethereum classic. One of the most important indicators to watch is its 50 day weekly moving average, which currently sits at around $6.14. This price correlates with important horizontal S/R levels. If DOT manages to break past this level, which it currently is not far removed from, then we can expect a rapid appreciation of price. Targets to watch after breaching this level would be between $14 and $23. WEN ATH? I believe Polkadot's new ATH will coincide with that of the broader cryptocurrency markets. I believe Bitcoin will reach a new ATH between april 2024 and january 2025, so I expect DOT to reach a new USD-ATH within this same timeframe. POLKADOT IS SAFU Polkadot was one of few major PoS (Proof-of-Stake) cryptocurrencies not in the SEC's filings against Binance and Coinbase. This has to do with Polkadot/Web3 Foundation having successfully morphed Polkadot to become software, rather than a security. What sets Polkadot apart from other coins/projects such as ADA, Cosmos, etc. is that Polkadot was actually originally registered as a security. The teams behind the decentralized Polkadot project are doing everything according to US securities law. This could prove to be beneficial from Polkadot during the upcoming bull cycle. POLKADOT IS THE MOST ACTIVELY DEVELOPED BLOCKCHAIN Polkadot is one of the most actively developed blockchain, rivaling Ethereum and Cardano. Polkadot is an ecosystem and the people behind it are extremely talented and passionate and focus more on building rather than worrying about the token's price. Gavin Wood, the creator of Polkadot, is also one of the co-founders of Ethereum. The Web3 foundation is behind Polkadot – in fact, Polkadot is their flagship protocol.
BINANCE:DOTUSDLong
by couldntcomeupwithone
4
Polkadot $DOT Will Reach $100 by The End of April, HERE IS WHYThis 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.
Long
by criptocount
2
$MOVR Bull Thesis -- Next leg up. Moonriver is a very sophisticated,fast paced and easy to work layer 1. This is EVM friendly and has been in design for years with the assistance of Dr. Gavin Wood. $MOVR so far has been the most successful parachain in the Kusama network, mainly in terms of explosive price appreciation and a vibrant loyal community. 87% of Crypto Twitter believes that $MOVR has the best meme power in Dotsama ecosystem AND also the best Tokenomics. Don't forget that there are no VC, private or team allocation in the 10m supply. The supply is in the hand of the dotsama community. There are multiple dexes already listing IDOs and NFTs collections. The first Moonsama batch already has a 50 MOVR floors which is impressive. There is hype with Moonriver. All the main influencer want to load up more. We are in whale discovery mode. This thesis proposes the increase in price from the $300 area towards the $1700 for a full extension and the next major target . Solid place to unload and take profits. TD Sequential indicator called the 9 sell top during the first extension. Now we have complete a 9 sequence to the downside and there is high probability of a reversal and continuation attempt wit this 9 buy signal. A 3 GREEN daily candle and a daily close above the $400 will seal the deal. This trade has a lot of potential. The marketcap gap between Moonriver and other competitors like BNB, ADA, SOL, AVAX etc is ridiculous. Plus Coinbase and Binance listings are high probable because both projects publicly support the work of the Moonbeam foundation. Expect collaborations with $SUSHI and $CREAM any day now. LFG!!
Long
by Tomaseetoo
KSMUSDT, Kusama - ready for the parachain auctions pump ?Hi guys, In the light of the upcoming Kusama parachain auctions, I think it's quite reasonable to get involved in KSM. Even more when the technicals are pointing to an imminent breakout. I will be looking for a 4-hour and 1D candle closes above the $570 levels with next target at $740, 30 percent from here. Possible retrace to the $480-$500 support zone, around the 21-day EMA on the 4-hour chart where I plan do add more to the long position. Regards,
Long
by FutureBlockchain