[DOT] Polkadot Speculation

[jesselui]

A project that will definitely pay off in the long run is DOT. I can say that the rise in the price of my dollar after I bought it really drove me crazy. But there is nothing to do.

[LUCKMCFLY]

DOT has become one of my favorite currencies, but I have seen that it has not been able to reach 42usd again, I do not know if with the arrival of the recovery of BTC it will achieve it and that the supposed season of altcoins drives DOT, but I see that they are on the right track, I think it is a good time to buy, at least in the short term the outlook looks good:

Both moving averages are flat and the RSI is just above the midpoint, suggesting a balance between supply and demand. This balance will tilt in favor of the bulls if they can push and sustain the price above the 50-day SMA. That could open the gates for a move to $42.28.

Source: https://cointelegraph.com/news/price-analysis-5-3-btc-eth-bnb-xrp-doge-ada-dot-uni-ltc-bch

I think that DOT is growing stealthily, investors may be waiting for the best time to give it a good pump.

[electronicash]

base on that chart. it's about to go breakout $47 sooner. that's a daily chart in which the RSI indicates the price has to reach up to more than $47 before it could dip again. i should be holding mine since i bought it at the right time. it's just a few but must be worth the wait.  must be a chance for newbies actually that it could just take a week or two that the price will be hit.

[LUCKMCFLY]

DOT is one of the currencies that have become my focus, and almost one of my favorites, for the moments since May 4 there was a correction and many altcoins fell, DOT was one of them, but it has recovered satisfactorily , in the analysis it can be seen that the bulls are putting a lot of effort so that it can reach a better price:

If the bulls sustain the price above $38.30, the DOT/USDT pair may rally to $42.28 and then to $48.36. However, the flat moving averages and the RSI just above the midpoint suggest a balance between supply and demand.

Source: https://cointelegraph.com/news/price-analysis-5-5-btc-eth-bnb-doge-xrp-ada-dot-ltc-bch-uni

There are very good omens in DOT, it is probably now the safest thing to do is wait.

[LUCKMCFLY]

The Polkadot update is reluctant, that is, there are almost no important movements, I do not know if it is because Bitcoin has remained in a laterality in recent days, or perhaps a lot of uncertainty has been generated, DOT is a currency that has a lot of potential , but it is the same, some believe that if the bulls push the price it can reach 58USD, otherwise it could fall a little more:

Alternatively, if the price breaks below the moving averages, the pair could drop to $34.36 and then to $32.56. If that happens, the pair may extend its stay inside the $26.50 to $42.28 range for a few more days.

Source:https://cointelegraph.com/news/price-analysis-5-10-btc-eth-bnb-doge-xrp-ada-dot-bch-ltc-link

Many people believe in DOT even though it is a nascent currency, some have compared it to ETH, perhaps at the moment it is being undervalued, but it all depends on the movement of Bitcoin, that is where the direction of all altcoin is marked.

[johnwest]

Even when Bitcoin is fluctuating, PolkaDot is holding its ground and not falling below its support. That means it has a solid support base and loyal holders and projects which are on the PolkaDot ecosystem. We cant compare it with ETH at this moment but who knows what developments are there for the platform and if some of the projects on it starts booming then Dot will boom automatically.

[LUCKMCFLY]

DOT has a peculiarity, because the bulls are buying in the falls, the bearish are defending their positions, if there is a good pump it could reach a new ATH, it is said that it can reach 48USD, however with everything that is happening in these moments in the market it is debatable what could happen, this analysis confirms it:

The flat moving averages and the RSI near the midpoint indicate the DOT/USDT pair could remain stuck between $32.50 and $42.28 for a few more days.

A breakout and close above $42.28 could push the price to an all-time high at $48.36. This level may again act as stiff resistance but if the bulls drive the price above it, the pair may resume its uptrend toward the target objective at $58.06.

Source: https://cointelegraph.com/news/price-analysis-5-13-btc-eth-bnb-ada-doge-xrp-dot-bch-ltc-uni

Many are taking into account some currencies to protect value, among them ADA, maybe DOT makes a difference this time ... By nature it is known that when BTC falls, all altcoins fall disproportionately, although many claim that BTC falls do not affect DOT if it has an impact, everything is left to investors if they decide to diversify their money in DOT.

[LUCKMCFLY]

Updated:

The market movement has become very solid, the correction has been somewhat strong for BTC, some investors have panicked, however DOT investors have maintained a price that is considerably good despite the BTC storm.

Some analysis has been very bearish for DOT, however it has a current price of 38,988USDT this shows that it has not given so much fall:

The marginally upsloping 20-day EMA ($39.54) and the RSI in the positive territory suggest the path of least resistance is to the upside.

Source: https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-xrp-dot-xlm-sol

[simpsons_support]

Once after the swap, DOT bought a few thousand coins on the cheap, and sold it for $ 7 or $ 8, today DOT is in the top 5 CMC coins, I regret that I sold it early, I could now catch a lot of X's, in the future it will be the science of HODL!!!!

Polkadot blockhain now is actively used for staking because the commissitons in Polkadot is smaller than in Ethereum and it allows to connect Polkadot with Ethereum. More information about Polkadot staking https://polkasyndicate.medium.com/hello-world-d6cf5ede486.

[LUCKMCFLY]

Now the price of DOT may go up even a little more because it is the last phase of Polkadot, 10 months ago they launched DOT, now it is in its last phase, this is especially good for investment because it has a lot to do with curious eyes of those seeking development:

Finally, if everything goes according to the plan, five auctions for parachain slots will be launched—each seven days apart. Notably, similar auctions on Polkadot could begin “soon” after that.

“After Kusama’s first auctions complete successfully, one would expect Polkadot’s auctions to happen soon after. When the final parameters of auctions have been determined, they will be published alongside the auction schedule,” Wood explained.

Source: https://cryptoslate.com/polkadots-dot-long-awaited-parachains-are-launching-on-kusama-ksm/

Anyway, it is better to wait because the price of Bitcoin is fluctuating, most expect the price to drop enormously, but there is something that has been learned from the BTC market and that is that you cannot follow what the mass or everyone thinks, because the market can make the opposite movement to what others think.

[babygun]

Now the price of DOT may go up even a little more because it is the last phase of Polkadot, 10 months ago they launched DOT, now it is in its last phase, this is especially good for investment because it has a lot to do with curious eyes of those seeking development:

Finally, if everything goes according to the plan, five auctions for parachain slots will be launched—each seven days apart. Notably, similar auctions on Polkadot could begin “soon” after that.

“After Kusama’s first auctions complete successfully, one would expect Polkadot’s auctions to happen soon after. When the final parameters of auctions have been determined, they will be published alongside the auction schedule,” Wood explained.

Source: https://cryptoslate.com/polkadots-dot-long-awaited-parachains-are-launching-on-kusama-ksm/

Anyway, it is better to wait because the price of Bitcoin is fluctuating, most expect the price to drop enormously, but there is something that has been learned from the BTC market and that is that you cannot follow what the mass or everyone thinks, because the market can make the opposite movement to what others think.

Thanks for the information. If we wouldn't have had our major crash of today, the price would probably have pumped on this news. On the other hand, this dump gave a nice buying point  . Bought a couple of them and immediately staked them.

[Amejoaquim]

Lucky me i buy DOT yesterday when the price hit $17 and right now the price already increase more than 30%.

And i believe in the next month DOT will reach new ATH, it could be $50.

[Garsipop]

Once after the swap, DOT bought a few thousand coins on the cheap, and sold it for $ 7 or $ 8, today DOT is in the top 5 CMC coins, I regret that I sold it early, I could now catch a lot of X's, in the future it will be the science of HODL!!!!

Polkadot blockhain now is actively used for staking because the commissitons in Polkadot is smaller than in Ethereum and it allows to connect Polkadot with Ethereum. More information about Polkadot staking https://polkasyndicate.medium.com/hello-world-d6cf5ede486.

Polkadot offers the best conditions for staking, that is why it is the best platform for staking. Now staking is very popular. Hope the cryptocurrency market will continue to grow, because the popularity of staking will depends from the growth of the market.

[LUCKMCFLY]

So far DOT has recovered in an impressive way after all the fall in BTC, what many have done is apply the same strategy with BTC, which was to buy in the fall, a very smart strategy that few did, for now what i could do is wait, maybe those who bought in the dip can apply the strategy, and i also got that kind of thinking from tradingview:

You guys can enter again. Chart looking good. Buy and Hold.
Buy at 29 - 31

Source: https://www.tradingview.com/chart/DOTUSDT/xof2ntu8-DOT-USDT/

Polkadot has had a lot of relevance in terms of the adoption of the currency, has many followers and has built a lot of community, it shows a lot with the recovery, as I think, it can give a very good investment, at least in the short term it looks good, those Who want to invest in DOT, they will not be losing their money ... at least that can be intuited.

[retreat]

<...>

good information, btw I bought Polkadot at $ 28. Polkadot prices will definitely return high when this bearish time is over, buy DOT when prices are cheap like this time.

[TmHsHel]

A project that will definitely pay off in the long run is DOT. I can say that the rise in the price of my dollar after I bought it really drove me crazy. But there is nothing to do.

The price of DOT depends how useful is the technology of Polkadot and how many projects wil use it. It is necessary to understand the techology to better understand the market. In this article https://www.polkasyndicate.com/post/manage-your-blog-from-your-live-site is explained how Polkadot blockchain is working.

[LUCKMCFLY]

<...>

good information, btw I bought Polkadot at $ 28. Polkadot prices will definitely return high when this bearish time is over, buy DOT when prices are cheap like this time.

That is a great strategy that he applied, the reason is simple, many in BTC when it was falling bought, for now the BTC rose something of 9.5% and lost it again, in fact it is falling which must be very careful, many are buying still on the dip, and the alts at this time have mostly stagnated and some have dropped a bit, but it is normal, it is estimated that as the btc recovers more, the alts will start to rise more, if you bought DOT at that price and continues to fall.There is no reason to panic or panic, the price will rise per share of the same market, DOT has a lot of community, although it is a somewhat young currency, it has a great acceptance in the world of cryptocurrencies, and that is seen by investors.

[KryptoKings]

^{[edit the topic]}

^ Since Polkadot has risen to the rankings with the 4th largest market capitalization I feel Polkadot is very worthy of being discussed, in this thread you are free to discuss:

*Polkadot price movements
*The latest news about Polkadot

#feel free to discuss
https://twitter.com/Polkadot
https://polkadot.network
https://www.coingecko.com/en/coins/polkadot
https://www.worldcoinindex.com/coin/polkadot
https://coinmarketcap.com/currencies/polkadot-new/markets/

I have been hearing about polka dot parachains for long time now. Does anyone know when they going to be released. I am confident that with the arrival of polka dot parachains, dot will go to moon, even higher than eth.

[TomArayaSlaya]

Am still waiting for parachains so basically till then I will just hang and wait or just watch closely because seriously if the bull market continues and parachains kick in then is going to be a whole different story..So I think dot will perform really great along the road

[altixz]

Once after the swap, DOT bought a few thousand coins on the cheap, and sold it for $ 7 or $ 8, today DOT is in the top 5 CMC coins, I regret that I sold it early, I could now catch a lot of X's, in the future it will be the science of HODL!!!!

Polkadot blockhain now is actively used for staking because the commissitons in Polkadot is smaller than in Ethereum and it allows to connect Polkadot with Ethereum. More information about Polkadot staking https://polkasyndicate.medium.com/hello-world-d6cf5ede486.

Polkadot offers the best conditions for staking, that is why it is the best platform for staking. Now staking is very popular. Hope the cryptocurrency market will continue to grow, because the popularity of staking will depends from the growth of the market.

The existens of parachains gives more opportunities for stakins. That is why many projects use Polkadot for staking. I think that holding DOT is prospective.