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Dotanalysis

DOT (Polkadot) Coin {Market Cap} Analysis 10/04/2022Fundamental Analysis: Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3. Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community. Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services. The Polkadot protocol can connect public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain. Polkadot’s native DOT token serves three clear purposes: staking for operations and security, facilitating network governance, bonding tokens to connect parachains . Polkadot has four core components: Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains; Parachains: independent chains that can have their own tokens and be optimized for specific use cases; Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model; Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum. Following the network’s redenomination after a referendum on Polkadot, DOT balances increased by 100, so one old DOT was equivalent to 100 new DOT. This meant that the initial maximum supply of 10 million old DOT in August 2020 became 1 billion new DOT tokens. The redenomination was undertaken purely to avoid the use of small decimals and make calculation easier. While all balances were increased by a factor of one hundred, this did not impact the distribution of DOT or holders’ proportional share. Polkadot’s first initial coin offering (ICO) was held in October 2017, and the Polkadot price was $0.29, with 2.24 million tokens offered. The second ICO was held in July 2020, and the Polkadot price offered was $1.25, and 342,080 DOT tokens were sold. The current CoinMarketCap ranking is #12, with a live market cap of $19,263,288,614 USD. It has a circulating supply of 987,579,315 DOT coins and the max. supply is not available. Technical Analysis: Looking at the Market Value and Fluctuation Patterns in historical data of the Asset from Jan 2021, we can see there has been a completed Cycle with ATH: 47B$ , thus retracement to 10B$, followed by 3 Months of Re-Acumulation Phase till End July 2021, which developed the New Cycle with its New ATH of Approx. 55B$, followed by Market Cap Correction to 14B$ which is Below the 61.8% level of Fibonacci retracement of 0 to the Latest ATH (55B$). this means the Capital has Been accumulatiing since its retracement for its 3th cycle which can have the new ATH of 160B$. There exist the Hidden Bullish Divergence of Market Cap Value and MACD at the 4 Hours Time Frame , which is the very Significant sign of Bullish Trend Continuation which eventually Start the new Bullish cycles. As the Capital Accumulation Start its Bullish trend From these kind of Discounted Zones such as Fib 61.8 or lower , we can Rationally expect the ATH to be easily Achievable and ultimately developing the new cycle thus new ATH. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Market Cap correction and Reaccumulating. on its Up Formation rally.
CRYPTOCAP:DOTLong
by BitonGroup
2
DOT Analysis 09/03/2021we have achieved our Past Specified Targets and now Updating the Idea and Taking New Positions as you can see the price has done its accumulation phases in 2 zones and triggered our past TPs with a sharp Impulsive wave and consolidating above our 3 TP, it will started its Rally after some consolidation as we can see there exist a Hidden Bullish Divergence with MACD Histogram, which is the sign of trend continuation. there total of 3 New Targets specified where as the 3TP will gets its confirmation if the Price Triggers and Correct the 2 TP which is the extension zone of Fibonacci Projection of the Previews impulsive wave.
Long
by BitonGroup
8
DOT/USDT 2HOUR UPDATE BY CRYPTOSANDERS Welcome to this quick DOT/USDT analysis. I have tried my best to bring the best possible outcome to this chart. Reason of trade:- DOT/USDT 2hour analysis look bullish trend chart and MACD bullish crossover buy green zone Entry:- CMP buy green zone Traget:- 35% to 50% Stop loss:- 17.07 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language Do hit the like button if you like it and share your charts in the comments section.
Long
by CryptoSanders9563
2
When will there be DOT price $200 on the Polkadot network?Interesting question ?) Let's look for an answer together. In the comments below the idea, write your thoughts: what is the fundamental news and development plans of Polkadot network that can lead to such a powerful growth of DOT token value? Our TA tells us that if buyers manage to keep the DOTUSDT price above $14-18 by the end of 2021, that would be a cool buying zone for a semi-annual investment. The upside target would be around $200 . So if such a plan is successful, an investment in DOT could bring in x10-x15 depending on the buying point. Let's find the truth about the future of the DOTUSD trading pair together, in discussion, and then we'll take it to the chart and flesh out this global idea. _____________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
74
DOT/USDT - Potential 86% SetupHello Traders! DOT price is moving in an uptrend. At the moment there is a correction of the last growth wave. Buy entry can be sought in the range of $39.00 - $42.00 Stop-loss can be placed at the price point of $30.00 The targets for the continuation of the upward movement will be the Fibonacci extension levels. $55,00 $60,30 $73,00 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
Long
by UnknownUnicorn10064030
1
POLKADOT(DOT) 1H NEAR FUTURE PREDICTIONTechnical Analysis Summary (POLKADOT) DOT/USDT TREND ANALYSIS We have 3 downtrend which is currently active in red The wider the stronger the downtrend FUTURE PREDICTIONS We have many resistanse and support levels that I have mentioned above. I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS). Yellow support level are levels from the past (more for explanation purposes rather than entry points) Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
DOT 12h For the medium term, we are ready to buy at $19Only a month has passed since the publication date of the previous idea, and the DOTUSDT price has doubled in price and met its upside target. In a previous idea, we wrote that the weaker the correction, the stronger will be the rise. If you look at the previous idea, you will see that there was almost no correction and this is the result. The buyers were able to take the DOT up to $36 and that's where yesterday's drop happened. We would like to be wrong, but it seems to us that this is not the end of the decline, and the +/- safe zone for buying DOTUSD will be somewhere around $19. Yes, we don't rule out a slight bounce of the Polkadot price up to $28-29 in the coming days, but globally we think the full growth correction is not over yet. _____________________ Do you like the idea fulfilment? Does it help you trade and make a profit? Do you want more forecasts from us? Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
by P_S_trade
44
DOT Price technically moves on the chart where to buy and sellIt turned out that the last time we made a global review of the DOTUSDT trading pair was to do as in February 2021. But the idea worked pretty well , which we saw on the graph, see for yourself. Also, during these 6 months, we made several short-term ideas for trading the DOTUSD pair, they can be found through the search in our ideas. Having opened the DOTUSDT chart today, we saw that the price moves smartly from the liquidity level to the liquid level , so there is no need to invent a bicycle again. Let's trade DOT from level to level and just take out our modest profit from the table in time) Based on the current DOTUSDT price chart, a correction suggests a fall to the $13-14.50 price zone , where it will be possible to buy a long position at a tasty price. After this correction, we can expect growth to $28-31. The logic is simple : if the dynamics of correction are weaker, to the upper part of the liquidity zone, then a powerful shot can be expected up to $31. If the correction will be deeper and more protracted, then it will be better to start fixing longs when the DOTUSD price crosses the $28 mark. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
59
DOT is going to break through this triangle ❗❗❗Yesterday bitcoin broke its local trend line upwards. Many altcoins also reacted to it. In my view, DOT is still building up strength for an uptrend. This can be seen in the price compression near the upper boundary of the triangle. If Polkadot breaks up and tests the upper boundary of the triangle as support, it could be a good time to buy. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
7
DOT has punched that triangle. Urgent update!!!😮😮New update on the DOTUSDT! You can clearly see on the Dot chart that price has broken through the triangle structure that was formed. If price tests this triangle as support and corrects to the area marked below, it could be a good time to open a position. And the potential target for this move could be the one marked on the chart above!!! Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
10
Dot could go up a lot if it breaks this level! 🤑🚀On the Dot we can see that the price has been in a local consolidation for 8 days, the last attempt to close higher failed and the Dot has corrected to the middle of the consolidation. At this point, the price may try to go higher again and get out of this consolidation, but it could also pick up stop losses below and possibly move up from there! If Dot manages to break this resistance level, close higher and test it as support, this could be the best area to buy with the targets above. I expect the best opportunities to enter the market now! Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
8