PolkaDOT on its way to $100.

[Stedsm]

After reaching an ATH of ~$50 in May, 2021 and a decline to $10 in July, DOT managed to get back up and running towards a new ATH and it crossed the $55 mark till now. But while seeing many shit projects making even 100x, I believe that DOT has a chance to make at least 10x of that $10 decline and continue its parabolic run until it reaches $100 based on the recent PolkaDOT Parachain (Slot) Auctions being conducted. Below is the weekly chart posted which looks like an amazing opportunity in this coin and can give great returns during these two months. I'm parabullish (parabolic-ally bullish) on DOT, what are your thoughts?

[1715000203]

1715000203

[GreatArkansas]

Polkadot created a new all-time-high a few days ago after May 2021 all-time-high.
After Polkadot announced their date about para chain auctions will be starting on November 11 on Polkadot Relay Chain, that's the time price of Polkadot pumped.
I don't know why people didn't buy when it dropped below $30 before when this para chain is expected to happen before the year will end.

[bitgov]

Polkadot created a new all-time-high a few days ago after May 2021 all-time-high.
After Polkadot announced their date about para chain auctions will be starting on November 11 on Polkadot Relay Chain, that's the time price of Polkadot pumped.
I don't know why people didn't buy when it dropped below $30 before when this para chain is expected to happen before the year will end.

Back then, many people were afraid that it was the beginning of a longer bear market. At the moment, buying at ATH is not the best time to invest, but it looks like the price may still go up, so the chances of earning money are there. It is a matter of whether someone likes high risk with the chance of low earnings. 

[adaseb]

I think DOT would be at $100 right now if it wasn’t for everyone buying meme coins. I think it’s a great project and one of the few that I actually want to keep long term.

It was a great buy around the $30 mark a few weeks back. Basically it was strong support, then strong resistance and it acted as support again and would been a great entry with little drawdown.

I think if the meme coin mania dies down then coins like BTC, ETH and DOT will really start to have a good and healthy rally.

[Google+]

Back then, many people were afraid that it was the beginning of a longer bear market. At the moment, buying at ATH is not the best time to invest, but it looks like the price may still go up, so the chances of earning money are there. It is a matter of whether someone likes high risk with the chance of low earnings. 

I think there will be very few people who like high risk with low income because buying at ATH prices is a bad thing if market conditions are not certain to continue to improve until early next year later.

[pealr12]

Polkadot created a new all-time-high a few days ago after May 2021 all-time-high.
After Polkadot announced their date about para chain auctions will be starting on November 11 on Polkadot Relay Chain, that's the time price of Polkadot pumped.
I don't know why people didn't buy when it dropped below $30 before when this para chain is expected to happen before the year will end.

Same reason why people don't buy loads of btc or other coins when they are down, it is common perception among most crypto people, when the market is down instead of taking advantage of the opportunity,  some will be dumping and too afraid to buy, only the brave ones usually take such advantage.

[babygun]

I think DOT would be at $100 right now if it wasn’t for everyone buying meme coins. I think it’s a great project and one of the few that I actually want to keep long term.

It was a great buy around the $30 mark a few weeks back. Basically it was strong support, then strong resistance and it acted as support again and would been a great entry with little drawdown.

I think if the meme coin mania dies down then coins like BTC, ETH and DOT will really start to have a good and healthy rally.

Same here, it has strong foundations and an active development team so I am also keeping it long term. I bought my first DOT when it was at around 4$, mainly also because of the 12% staking you can get. Also bought some more when it dipped in July. You can be right about the meme coin mania, but I am afraid it is not over yet ...

[takngantuk]

in technical analysis, yes the next target is 100$. but for the fundamentals themselves, I don't think the situation is so good. the price is already at ATH and it looks like it will stop for a while. just like bitcoin is starting to have trouble pumping higher, DOT also seems to be in the same situation. so in the near future this target is very difficult to achieve. but in the long term this is very possible.

[Pffrt]

I'm sure parachain auction will give it a huge pump. Solana made a significant move too which I really had no idea.

I don't know why people didn't buy when it dropped below $30 before when this para chain is expected to happen before the year will end.

Apart from the bearish market, it was never ensured when parachain auction will be lived. It could take more time too. Either way, I have been holding some small amounts of DOT for a quite long time now and it already is in more than 10x. I don't mind wherever it goes.

[michellee]

I think DOT can reach $100 in the mid-term or long-term but it is hard to reach in the short term, such as this month, if there are no fast moves to break every high price. The next high price for DOT will be at $60 as DOT already makes a new ATH at $54 so DOT needs more time to rise back and reach $60. Maybe DOT will reach $100 in December or Q1 in the next year as that will give more chances for DOT to lift the price drastically, especially if BTC price can surge higher.

[Ngewex Yuk]

I think the polka dots will reach $100 soon, I'm sure when the green market is back like October, the polka dots will soon reach $100. The more projects that actively use the polka-dot platform, the more the use of polka-dot coins increases.

[coinzzzpro]

I don't understand why it's not growing. Few want to stake their DOT tokens for 2 years in order to get the tokens of the new project? Even Binance has already joined DOT auctions. Have you thought about the fact that no one wants to participate in auctions and all those who bought are speculators who thought there would be strong growth?

[Ararbermas]

Still too far mate for dot to reach $100, because you know as you can see seems buyers already making an exit at this moment if we will base on the daily time frame,  but yes it seems a potential because from November 1 to 4 there's a great increase but afterwards it was just a false break out. Probably we will see a retest for how many days i guess and if it goes below the current support for sure it cannot make another uptrend in my personal opinion.. I mean only dpt needs to find new strong support before it goes back again to try breaking the current resistance..

[Johnyz]

I don't understand why it's not growing. Few want to stake their DOT tokens for 2 years in order to get the tokens of the new project? Even Binance has already joined DOT auctions. Have you thought about the fact that no one wants to participate in auctions and all those who bought are speculators who thought there would be strong growth?

It takes time, a major update so people can see its real value and to have another hype. It is still close to its ATH so most probably $100 is within reach, its just hard to predict when it will happen. DOT is a good project fundamentally, wait for the chart to confirms it and for sure it will soar higher.

[mistereverything]

I think dot will beat SOL and ETH

[Sweetbtc]

Polkadot is one of best platform but not did very good as we expected like Sol,Matic. Now Dot parachain can be Huge for PolkaDot and we can see Sudden price increase just Like Solana journey fron 50-100.
I think we should take entry in Polkadot in parts

[gwdf1]

I am really optimistic about Polkadot as it offers something unique to this market. It going to connect many projects and blockchains what must be very convenient. In the future it will be definitely more then 100$ but as for forecast for the nearest future I think that price will be around 55-60$
Maintaining the overall positive environment in the crypto market will contribute to an increase in demand and interest in DOT, considering the large number of serious and large contenders for a slot in the blockchain auction.

[coinzzzpro]

If anyone buys DOT and puts it into crowdslots, where and what is the motivation? What profit and in what time frame do you expect?

[feelideb]

There is no doubts as the volume iis higher and the chart is showing higher high, my confidence in polkadot pricing getting to new ATH  is not only based on market action alone, more project are using polkadot and in the next upgrade w will see polkadot on a new trajectory. Before the end of year, we may see polkadot at $100 and beyond in 2022!

[elisabetheva]

There is no doubts as the volume iis higher and the chart is showing higher high, my confidence in polkadot pricing getting to new ATH  is not only based on market action alone, more project are using polkadot and in the next upgrade w will see polkadot on a new trajectory. Before the end of year, we may see polkadot at $100 and beyond in 2022!

if you look at the movement of the polka dots from the beginning of 2021 it looks quite significant what he did, at the beginning of the year it was still in a position at a price below $10 and continued to increase until mid-May at $47, before finally unable to maintain and fell back down drastically in mid-July close to $11.

After July, the increase again reached ATH $54.98 - Nov 04, 2021, currently at the price of $53.10 and it is possible that there will be an increase and forming renewable ATH is very likely to occur before the end of November.
it is not even impossible that by the end of this year will reach $ 100 is something that is reasonable for polkadot.