A unique project called Polkadot (DOT) works on its own blockchain. Through innovative technical capabilities, it allows other blockchains to be ‘linked’ to it. Data may be traded over various blockchains and currencies as a result of this.
The project started with ten million Polkadot coins, but after a re-denomination, last year in August, to simplify computations, the total quantity of coins reached a billion. The designers have been able to achieve the majority of their goals even though the network is still in construction.
A lot of analysts feel that it is a game-changing innovation that has the potential to completely change the blockchain industry. Furthermore, the venture contains several qualities that make it more appealing to financiers.
On the upside, 31 dollars represents a lot of resistance. Traders could expect modest stability near 31 dollars, with the following task being to break through to 33.85 dollars. But, if the price drops lower, a great support area is around 25 dollars, with 22.6 dollars following.
As per the market data, the relative strength index is now at 48, indicating a neutral signal. Even shifting trends produce a sales forecast because nine of the fifteen criteria suggest selling.
DOT coin is now available at $29.19 on CoinMarketCap, having a twenty-four-hour transaction turnover of $2,151,899,744. On 27th December, DOT lost 7.74% of its value. After clearing 50 dollars, the DOT coin’s upcoming major goal is to match 100 dollars. According to projections, the Polkadot rate could exceed 100 dollars in the next 3-4 years.