Are you wondering ‘is Polkadot a good investment?’ you’re in the right place. We’ll explain everything you need to know about Polkadot cryptocurrency, including what it is, how it works, and what expert analysts believe will happen to its price in 2021-2025.
At the time of writing, Polkadot (DOT) has a price of $39.27 and a market capitalization of $35.41B. This means it’s currently the world’s sixth-largest cryptocurrency, after the recent market-wide bull run saw it overtake several of its competitors (most notably, Ripple XRP). But with the industry still changing on an almost daily basis, many investors are unsure whether Polkadot will live up to its newly-set expectations.
Since its launch in 2017, Polkadot has had an eventful four years. Despite being plagued by losses, it’s retained a band of vocal supporters who believe that it’s one of the most pioneering crypto platforms. Its current price constitutes a new all-time high (ATH), causing some to believe that the asset has left its troubled past behind.
So, is Polkadot a good investment? Will the price of Polkadot go up? If you’re considering adding Polkadot to your portfolio — or simply want to stay ahead of the latest cryptocurrency trends — keep reading. In this article, we’re taking a look at what top crypto experts believe could happen to the price of DOT in 2021-2025.
What is Polkadot (DOT)?
The Polkadot protocol was created by Gavin Wood, one of the co-founders of Ethereum. After realising that the Ethereum blockchain platform could encounter various sharding problems after the launch of Ethereum 2.0, Wood came up with Polkadot: a heterogenous multichain framework that would support the development of Web 3.0, Wood’s plan for a decentralized worldwide web. (Sharding is the process of dividing a blockchain’s nodes into separate ‘shards’).
The Polkadot technology enables users to launch and operate their own blockchains on top of the existing platform. According to the Web 3.0 Foundation, the Polkadot platform is characterized by the following features:
- Shared security or relay chain and parachains
- Performant, sharded network
- Sophisticated governance process
- Easy blockchain setup
- Strong interoperability approach, which means it aims to connect multiple blockchains
After Wood released the Polkadot white paper on 14th November 2016, the cryptocurrency itself — which is called the DOT token — launched via an ICO (initial coin offering) in 2017. Its first token sale closed on 27th October and raised a total of 485,331 ETH and more than $140 million, making it one of the most successful ICOs ever.
Anticipation for this next-generation blockchain cryptocurrency was high. During the ICO, 1 DOT was worth $30, which is less than $10 lower than its current ATH. However, the price plummeted to around $4-7 when the crypto started trading. The company has raised additional funds through a series of private sales, first in 2019 and later in July 2020. Its most recent sale raised a staggering $43 million in just 72 hours, according to CoinDesk.
So, is this level of growth sustainable? You’re in the right place to find out. We’ve compiled some of the most compelling Polkadot price predictions for 2021-2025, helping you identify the potential prospects of the digital asset.
Short-term Polkadot (DOT) Price Predictions: 2021
What are crypto experts forecasting for Polkadot in 2021?
Because Polkadot has been relatively stagnant in the past, it’s understandable that investors are keen to find out whether its recent growth is just a fad. Although the market is famously unpredictable, keeping track of the forecasts is the best way to work out whether Polkadot is a smart addition to your portfolio.
Our first short-term Polkadot price prediction comes from Digital Coin Price. According to its analysis, it believes that DOT will fluctuate between a yearly high of $60.87 and a yearly low of $49.66, undergoing a series of peaks and troughs throughout 2021.
The trajectory of the graph seems disappointing at a glance — after all, the asset’s yearly low has been forecast for the very end of the year, suggesting we could see a bearish trend after DOT hits its peak in August. It’s also worth noting that Digital Coin Price was overly optimistic for the price of Polkadot at the start of the year. Its current price of $39.27 is significantly lower than Digital Coin Price’s initial prediction of $57.43 for February 2021, although that doesn’t discount the validity of its predictions for the rest of the year.
However, even the lowest price that Digital Coin Price expects to see during the rest of the year is higher than its current value. This could still mean that the outlook is positive overall and that DOT could be a good investment for 2021.
The 2021 DOT price prediction from Wallet Investor is much less bearish. There’s no doubt that the platform expects Polkadot to increase in value throughout the year, experiencing remarkably low levels of volatility right up until March 2022:
According to Wallet Investor’s analysis, the price of DOT will climb steadily over the course of the next year (March 2021 to March 2022). This growth rate will see Polkadot increase by around $4-5 every month, eventually hitting a price of over $70 by December 2021. For that month, the platform has given the following minimum, average, and maximum predictions:
- Minimum: $71.774
- Average: $79.610
- Maximum: $87.302
If these predictions are correct, it means that DOT could more than double in value before the year is out. This would be encouraging news for investors. The bullish trend on the graph would see Polkadot hit a new ATH every month, making it a truly record-breaking year for the asset that’s edging its way towards the world’s top 5 cryptocurrencies by market cap.
Long Forecast also believes that DOT is in for a bullish future. Its analysis has shown that the price of Polkadot could take the crypto to highs of $88.78 before the end of 2021.
Polkadot Price predictions for 2021:
As we can see from the table, Long Forecast — like Wallet Investor — expects the price of Polkadot to increase month-by-month. Although the progress it shows isn’t quite as linear, it still predicts a strong bullish trend that will carry the asset to a series of new ATHs before the year is out.
What Will Happen to the Price of Polkadot (DOT) in 2021?
After a record-breaking start to the year, what do the top crypto experts expect to happen to the price of DOT in 2021?
According to experts, the outlook is bullish. Digital Coin Price, Wallet Investor, and Long Forecast all believe that Polkadot is in for its more successful year to date, breaking its ATH record not just once, but repeatedly.
Could Polkadot Reach $100?
Based on the bullish Polkadot forecasts, the DOT price could rise to the $100 mark in the coming years. The digital asset could even reach the price of $200 level, if it continues to attract new developers to expand its use and investors to continue to buy the token.
Will the Price of Polkadot (DOT) Go Up in 2021?
Yes, it seems very likely that the price of Polkadot will go up in 2021. But how do other Polkadot price predictions 2021 compare? Below, we’ve rounded up some additional forecasts to help you answer the question ‘is Polkadot a good investment?’
- Trading Beasts: $45.592
- Previsioni Bitcoin: $169.832
- Cryptocurrency Price Prediction: $104.39
Don't Miss: Crypto Predictions for 2021: Where to Invest
Long-term Polkadot (DOT) Price Predictions: 2022-2025
What are crypto experts forecasting for Polkadot in 2022 and beyond?
In the short-term, the outlook for Polkadot seems positive. But what could we expect to see in the run-up to 2025? If you’re wondering ‘is Polkadot a good investment 2025?’, keep reading to discover what might happen to the price of DOT in 2022, 2023, 2024, and beyond.
Trading Beasts is optimistic about DOT’s long-term prospects. According to its analysis, it’s predicted that the price of Polkadot will increase year-on-year, hitting the following milestones on its way to 2025:
- 2021: yearly low = $27.94, yearly high = $56.99
- 2022: yearly low = $40.27, yearly high = $81.69
- 2023: yearly low = $54.82, yearly high = $101.27
- 2024: yearly low = $69.85, yearly high = $116.67
With the exception of 2024, Trading Beasts thinks that DOT’s yearly high will be almost double its yearly low in each of the next few years. All of its forecasts suggest that the value of DOT will get higher as the year progresses. If its forecasts are accurate, it means the price of Polkadot could undergo a percentage increase of 197.1047% between 2021 and 2025 — an encouraging prospect for current and prospective investors alike.
Our second long-term price prediction comes from Digital Coin Price. The investment analysis platform was optimistic about the price of DOT in 2021, so what does it expect to see in 2022-2025?
As we can see, Digital Coin Price expects to see significant volatility over the next few years (with the exception of 2027-2028). However, the overall trend of its prediction is bullish, taking the price of DOT from around $50 to $150 over the next six years. This would be almost four times higher than its current ATH.
Digital Coin Price has predicted the following Polkadot milestones for 2022-2028:
- 2022: $66.74
- 2023: $78.92
- 2024: $88.62
- 2025: $113.39
- 2026: $127.41
- 2027: $114.09
- 2028: $167.11
Although it doesn’t expect the price of DOT to hit the hundreds as soon as Trading Beasts does, Digital Coin Price still believes that Polkadot will maintain its bullish approach. If you’re wondering ‘is Polkadot a good investment 2030?’, the platform’s forecasts should be reassuring — they show an average yearly price increase of approximately $10 for the next few years, which is slow and steady, before progress gains speed from 2024.
Between 2024 and 2025, Digital Coin Price believes that Polkadot could increase by $25. It expects the price to fall again in 2027, but if its calculations are correct, it seems this could simply be a bearish adjustment. After all, the forecast suggests that the asset will come back stronger than ever in 2028, with a top price of $167.11.
Our most bullish prediction comes from the Italian cryptocurrency analysis site, Previsioni Bitcoin. This platform is relentlessly optimistic about the future of crypto, believing that we’ll start to see the mass adoption of digital assets within the next few years. According to its technical analysis, which is based off the historical price data for DOT, Previsioni Bitcoin believes that Polkadot will rocket in price and has given the following forecast for 2023:
Both Trading Beasts and Digital Coin Price were optimistic about DOT’s prospects, but Previsioni Bitcoin has painted a very bright picture indeed. It believes that Polkadot will open 2023 at a value of $149.16 and close at a value of $175.26. This is almost $100 higher than Digital Coin Price’s prediction for the same year!
In fact, the platform thinks the Polkadot price will be $56 in 2021, rising to $82 by the end of 2022, $110 by the end of 2023, $140 by the end of 2024, and an impressive $180 by the end of 2025.
Previsioni Bitcoin doesn’t expect Polkadot to fall below $128.65 for the duration of 2023. This will be its yearly low at the start of July, a price drop that will apparently pave the way for new growth. The second half of the year will see DOT gain almost $40 in just two months, before levelling out to close the year at a record-breaking ATH.
As a long-term investment, it projects that Polkadot could perform very well. According to its predictions, the value of DOT could rise to $62 by the very end of 2021, rising to $120 in 2022, and achieving a mean price of $210 by 2025.
What Will Happen to the Price of Polkadot (DOT) in 2022-2025?
The forecast may vary slightly as to the exact price, but all of the long-term price predictions believe that the price of Polkadot will increase between 2021 and 2025. They all agree that DOT will reach a value of $100 before the end of 2025, with both Previsioni Bitcoin and Trading Beasts expecting the asset to hit this milestone in 2023 and 2024 respectively.
Will the Price of Polkadot (DOT) Go Up in 2022-2025?
The predictions all expect the price of Polkadot to go up . Although some predict that we’ll see some level of volatility, none believes that this will disrupt DOT’s overall bullish trajectory.
Below, we’ve included some additional Polkadot price predictions for 2022, 2023, 2024, and 2025.
- Long Forecast: $107.67
- Wallet Investor: $143.261
- Previsioni Bitcoin: $210.3495
- Cryptocurrency Price Prediction: $136.18
- Coin Arbitrage Bot: $38.9372
- CryptoNewsZ: $45
- Wallet Investor: $260.269
- Long Forecast: $90.70
- Cryptocurrency Price Prediction: $565.67
Conclusion: Polkadot (DOT) Price Prediction Forecast
The below prediction figures outline some of the Potential high and low of Polkadot DOT price prediction forecasts in 2021, 2022, 2023, 2024 and 2025 offered by technical analysts and industry experts.
How has the Price of Polkadot (DOT) Changed Over Time?
After coming to the market in 2017, Polkadot’s price remained relatively low – a disappointment to the investors who had attempted to cash in on the growth promised by the impressive ICO. But although its first few years were underwhelming, its recent performance has sparked a resurgence of interest in the crypto.
We can see how the price of DOT has changed over the last few months by looking at the chart below, which comes from Coin Gecko:
As the graph shows, Polkadot’s bullish run began at the very end of 2020. Having remained at a price of around $5 for the majority of the year, DOT hit $7.28 on December 31st and increased to $9.36 the following day – a bright start to 2021.
Its growth didn’t stop there. Between 8th and 18th January, DOT rose from $9.65 to $16.94 and continued to climb throughout the rest of the month. Its current ATH is almost $40 – far cry from its average price in 2020, which was less than 1/8th of its price today!
What Factors Affect the Price of Polkadot (DOT)?
Relationship with Ethereum
As we mentioned earlier in the article, Polkadot was built by Gavin Wood – one of the co-founders of Ethereum. Many people consider Polkadot to be Ethereum’s main rival. This is because both platforms are designed to support the foundation of other blockchain assets, in addition to their native token (Ethereum’s native cryptocurrency is the Ether, ETH).
Because of this perceived rivalry, some analysts believe that the success of Ethereum could potentially have hindered the progress of Polkadot. Although Ethereum has also enjoyed significant growth over the last few months, hitting a current price of $1,811.66, the market-wide bull run has thrown Polkadot into the limelight. Now that both assets are in the world’s top 10 cryptos by market cap, it remains to be seen whether their competition will come to a head in the near future.
The rise of DeFi
Decentralized finance, or DeFi, is a form of finance that aims to remove financial services from the control of centralized bodies – for example, banks and other large companies. The idea is that this will give everyday people greater control over their money, without having to navigate factors such as transfer fees and exchange rates.
The Polkadot ecosystem, much like Ethereum, is host to a number of DeFi blockchain projects (as well as being one itself). One of the most notable of these is Chain X, a community-driven project that enables users to transfer different assets (BTC, ETH, DOT, or EOS) between blockchains.
As the demand for solutions such as Chain X continues to grow, it’s likely that the platforms powering this sector will see greater interest.
eToro – Top Cryptocurrency Platform
eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.
Virtual currencies are highly volatile. Your capital is at risk.
The Polkadot protocol was created by Gavin Wood, one of the co-founders of Ethereum, to solve the problem of sharding within the Ethereum platform.
Digital Coin Price believes that DOT will fluctuate between a yearly high of $60.87 and a yearly low of $49.66, undergoing a series of peaks and troughs throughout 2021.
Wallet Investor believes that Polkadot will increase by around $4-5 every month, eventually hitting a price of over $70 by December 2021.
According to Long Forecast, Polkadot could be worth $88.78 before the end of 2021.
Trading Beasts believes that Polkadot could hit a yearly high of $116.673 in 2025.
According to Digital Coin Price, Polkadot will be worth $113.39 in 2025, rising to around $160 by 2028.
Previsioni Bitcoin doesn’t expect Polkadot to fall below $128.6565 for the duration of 2023.
Factors that can affect the value of Polkadot include its relationship with Ethereum and the popularity of DeFi services.
We hope you’ve found this article about Polkadot price predictions for 2021-2025 helpful! Whether you’re an existing or a prospective investor, this fast-growing crypto has shot to attention over the last few months – and many people are keen to know whether its new-found status will last.
Do you think these predictions are spot on? Or could we see something different in the run-up to 2030?
The recent bullish run has left many people wondering ‘will Polkadot continue to rise?’. According to the majority of these predictions, the outlook is overwhelmingly positive. None of the forecasts that we included in this article expect to see a period of rapid decline in the near future.