Polkadot 2.0- So i predicted many times that 4.30$ was the bottom.
- And i was wrong, Polkadot is still young.
- Trading Altcoins is like that, it's really hard to predict a perfect bottom with a new project.
- it's much more easy with BTC because TheKing volumes are high and it stays around from many years already.
- Remember that Trading is trying to predict the future by looking at the past, more you have data from past, more the job is easier.
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- A bit FA here :
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- Polkadot did the same as Cardano's first bullrun, it went back to the start.
( i will post a Cardano Charts in comments )
- Actually it's not a sign of weakness, but an opportunity.
- Polkadot didn't make noise just because they want to build steady following some SEC rules.
- Now if you follow the news, you can find that Cardano, Polygon and Near Protocol are building on Polkadot's SDK, DYOR it more to get some more informations.
- With time Polkadot could be the mother of all blockchains connections and interoperability.
- Remember what they had to do with ETH when problems came around, they forked it for ETC ( Ethereum Classic ).
- Polkadot doesn't need any FORKs, everything can be changed by votes in the governance.
- The difference between DOT and ETH is very simple.
- Polkadot is scalable, Ethereum is not.
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- Trading Parts :
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- So Right now look at the graphic.
- DOT made a bottom around 3.60$. The exact same bottom it did in 2020.
- DOT is actually staying near a demand zone (6$).
- i do not recommend to buy now but wait for a retracement or a breakout from this area.
- To get peace of mind i would buy DOT after 8$, after that zone, it's a free fly!
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My predictions on DOT for the next bullrun are unchanged :
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- Security TP : 85$ ish
- Middle TP : 140$ ish
- Max ATH : 220$ ish
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- if you missed to become a Whale with ETH in 2016.
- Here yours second chance with Polkadot.
- Stay S4fe
Happy Tr4Ding !
