Polkadot is another top coin that you’ve probably only heard about after its impressive performance in 2021. But how much could Polkadot be worth in 2022 and beyond? Let’s first take a step back to remind ourselves why investors are so bullish on DOT.
Given that Polkadot is still a super-young cryptocurrency, it can be difficult to estimate the underlying value of DOT. However, what is Polkadot expected to achieve?
DOT – KING OF INTEROPERABILITY?
DOT is the token of the Polkadot network. DOT is used for governance, staking and token “binding”. DOT is not an ERC-20 and is not based on the Ethereum (ETH) blockchain.
There is no maximum supply of DOT tokens, just like Ethereum, which means that DOT is an inflationary cryptocurrency that does not have a scarcity aspect.
One Planck is the smallest denomination of DOT. One DOT is equivalent to 1,000,000,000,000,000,000 Planck.
Some of Polkadot’s rivals include:
Ethereum (ETH)
Cosmos (ATOM)
Cardano (ADA)
Polygon (MATIC)
Chainlink (LINK)
What is the point of Polkadot?
Polkadot technology allows users to launch and operate their own blockchains on top of the existing platform. According to the Web3 Foundation, the Polkadot platform is characterised by the following features:
Shared security or relay chain and paracain.
Efficient and fragmented network.
Sophisticated governance process.
Easy blockchain configuration.
Strong focus on interoperability, meaning it aims to connect multiple blockchains.
Who is behind Polkadot?
The Polkadot protocol was created by Dr. Gavin Wood, one of the co-founders of Ethereum. After realising that Ethereum’s blockchain platform could encounter several fragmentation issues after the launch of Ethereum 2.0, Wood came up with Polkadot: a heterogeneous multi-chain framework that would support the development of ‘Web 3.0’, Wood’s plan for a decentralised World Wide Web. (Sharding is the process of splitting the nodes of a blockchain into separate ‘shards’).
After Wood launched the Polkadot product notes on 14 November 2016, the project went live via an ICO (initial coin offering) in 2017. Its first token sale closed on 27 October and raised a total of 485,331 ETH and more than $140 million at the time, making it one of the most successful ICOs in history.
What is Polkadot used for?
Polkadot uses a ‘nominee’ proof-of-stake consensus mechanism, which is where ‘nominators’ choose validators by backing them with their tokens. These validators work on the relay chain, which is where all transactions are sent from all parachains to be validated across the network.
Polkadot can be updated without the need for forks, instead, updates are done in a chain. It can also connect public and private chains and oracles.
From time to time, Polkadot holds a ‘Parachain auction’, where parachains are sold. These parachains can be customised and configured with their own governance rules that are not interrupted by Polkadot.
Polkadot also has a close relationship with Kusama (KSM), which is an experimental test network for Polkadot, where ideas can be tested before being added to Polkadot.
TECHNICAL ANALYSIS OF POLKADOT (DOT) PRICE MOVEMENTS.
Polkadot first became available to investors through its ICO at $0.29 per DOT in 2017. When CoinMarketCap began tracking DOT’s price on August 21, 2020, it sold for $2.875 per coin.
In 2021, DOT began trading at $8.3068, reached an all-time high of $55.00 on November 4 and ended the year at $26.72.
Polkadot’s all-time record low is $2.69 (according to CoinMarketCap), which it reached on 20 August 2020, and it has a 52-week low of $10.42.
EXPERT OPINION ON POLKADOT PRICE PREDICTIONS
Polkadot’s price predictions are generally positive. Only Trading Beasts and Coin Price Forecast expect DOT to decline, albeit at different times over the next few years.
Price prediction: “According to our in-depth technical analysis on past DOT price data, in 2022 the price of Polkadot is expected to reach a low of $24.54. The DOT price may reach a high of $28.81 with the average trading price of $25.25.”
DigitalCoinPrice: “The price of 1 Polkadot (DOT) can be approximately [up to] $26.02 USD in 1 [years] time an almost 2X of the current Polkadot price.”
Gov Capital: “The future price of the DOT asset is predicted to be $111.96414288412 (549.293%) after one year according to our prediction system.
This means that if you invested $100 now in DOT, your current investment may be worth $649,293 on March 1, 2023, Wednesday.
CryptoGround: “According to the forecast and algorithmic analysis, [the] price of 1 Polkadot (DOT) will be around $87.6046 in 2027.”
ICOcreed: “The price of Polkadot is expected to reach [a] minimum value of $428.60 in 2030. Polkadot’s price could reach a maximum value of $490.84 with the average trading price of $440.26 throughout 2030…”.
Trading Beasts: “According to our forecasts, the price of Polkadot is going to decrease. Now the price of Polkadot is $18,640, but by the end of 2023, the average price of Polkadot is expected to be $15,074.”.
Coinskid: “Our forecasting system predicts that Polkadot could increase its near-term value by +23% to $23.14 from $18.78. The system forecasts a +19% move from $18.78 to $22.27 over the next month, Polkadot has a price prediction of $31.96 in over a [year’s] time.”
Coin price forecast (2029-2033): “In this period, Polkadot’s price would fall from $87.57 to $84.65, which is -3%. Polkadot will start 2029 at $87.57, then [fall] to $81.00 within the first half of the year and end 2029 at $85.56. That’s approximately +362% as of today.”
WalletInvestor: “According to our forecasts, a long-term increase is expected, the price forecast for 2027-02-27 is $93.713. With a 5-year investment, revenues are expected to be around +400.6%. Your current investment of $100 can be up to $500.6 in 2027”.
POLKADOT PRICE PREDICTIONS (DOT)
Will DOT rise?
Our Polkadot forecast suggests that the average price may trade above $40 within the first six months and may reach $52 by the end of the year. According to expert price predictions, the average price of DOT will remain above $140 in 2025 and the Polkadot cryptocurrency may rise to a high of $370 in 2030.
If you plan to invest in Polkadot, you should consider the following factors that may affect the price of DOT.
As we mentioned earlier in the article, Polkadot was built by Dr. 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 other blockchain asset bases in addition to their native token (Ethereum’s native cryptocurrency is Ether / ETH).
Because of this perceived rivalry, some analysts believe that Ethereum’s success may have hindered Polkadot’s progress. Ethereum has also enjoyed significant growth during 2021, also reaching new highs, and it remains to be seen whether its competition will come to a head in the future.
Another crucial factor is DeFi (decentralised finance), a form of finance that aims to remove financial services from the control of centralised bodies, e.g. banks and other large institutions. The idea is that this will give ordinary people greater control over their money without having to navigate factors such as transfer fees and exchange rates.
The Polkadot ecosystem, like the Ethereum ecosystem, is home to many DeFi blockchain projects (as well as being one itself). One of the most notable is Chain X, a community-driven project that allows users to transfer different assets (BTC, ETH, DOT, or EOS) between blockchains.
As demand for solutions, such as Chain X, continues to grow, platforms that drive this sector are likely to see increased interest.
Other major factors include supply and demand (however, there is no maximum supply of DOT) and the price of Bitcoin, which may start a new bull run or a massive recession.
The Polkadot price forecasts below strongly suggest that DOT is a good investment. Here are our Polkadot price predictions for 2022 to 2030.
POLKADOT (DOT) PRICE FORECAST 2022
The 9 analysts offering 12-month price forecasts for Polkadot (DOT) have a median target of $45, with a high estimate of $55 and a low estimate of $34. The average estimate represents a 70% increase from the current price.
In 2022, Polkadot will continue its paracable launch phase that will see companies and DeFi projects fight for a share of Polkadot’s network. Our Polkadot price forecast anticipates a peak price of $53.15 after hitting $40 in mid-2022. The lowest estimate is $13.30 and the expected average price by the end of 2022 is $46.93.
POLKADOT (DOT) PRICE FORECAST 2023
The implementation of parathreads and Cross-Consensus Communication will improve Polkadot and encourage further investment next year. Continuing its bullish streak, our 2023 Polkadot price forecast expects dot to recover to an average of $65.65, a high of $89.04 and a year-end price of $79.63. The lowest price Polkadot will reach is around $40.11.
POLKADOT (DOT) PRICE PREDICTION 2024
Bitcoin’s next halving will take place in 2024, which will undoubtedly start another bull run, taking Polkadot and the entire cryptomarket to new highs. Polkadot’s price prediction algorithm has determined that in 2024 the DOT coin will secure an average of $110.85 and will end the year at $98.77. The maximum price for Polkadot in 2024 is $131.41 and the minimum price is $73.09.
POLKADOT (DOT) PRICE FORECAST 2025
According to our long-term technical analysis and price prediction for Polkadot, the price of the DOT cryptocurrency could be around $138.24 in 2025. The coin could reflect a bull run and the price of DOT could skyrocket in the long term. According to expert price forecasts, the Polkadot coin could reach a high of $190.56 and a low of $98.05. The average price represents an increase of 246.47% from the DOT’s current all-time high.
POLKADOT (DOT) PRICE FORECAST 2026
2026 will see Polkadot overtake other customisable blockchain platforms to become the first choice for new blockchain projects. Starting 2026 at $190.96, our Polkadot price prediction model estimates that DOT will reach an average price of $245.77 by the end of the year. On the upside, Polkadot will reach $272.32 and on the downside, it will reach $122.63, according to our dot price prediction.
POLKADOT (DOT) PRICE FORECAST 2027
The growing popularity of DeFi applications will increase demand for Polkadot in 2027. Within five years, Polkadot will reach a new all-time high of $355.88 and an average price of $300.09. The lowest Polkadot price prediction for 2027 is $288.19.
POLKADOT (DOT) PRICE PREDICTION 2028
Another half of Bitcoin in 2028 will once again start another bull run, which will also affect the price of Polkadot. While dot could reach an annual low of $302.93 in 2028, it is also expected to break its previous record high and reach $403.49. By the end of 2028, Polkadot’s price forecast expects DOT to be worth an average of $375.82.
POLKADOT (DOT) PRICE FORECAST 2029
2029 will see institutional investors begin to pour into Polkadot after it proves to be one of the top investments. Our 2029 price forecast for Polkadot indicates that DOT will trade at an average price of $420.56, reach its highest price of $464.79, sink to $365.71 at the lowest and end 2029 at $454.07.
POLKADOT (DOT) PRICE PREDICTION 2030
After 10 years in the crypto market, Polkadot may finally start to overtake Ethereum as the leading smart contract platform by the end of the decade. In 2030, Polkadot’s price is expected to reach an average target of $470.50, a high of $515.80 and a low of $458.33. Polkadot will end 2030 at $499.91, according to the experts’ Polkadot price forecast. The higher price is an increase of 837.81% from DOT’s current all-time high.
CONCLUSION: HOW MUCH COULD POLKADOT BE WORTH?
In summary, our Polkadot price predictions indicate that DOT is set to rise substantially over the next eight years to 2030. But there are still several things investors should keep at the forefront of their minds when investing in DOT over the long term.
As Polkadot works to tie the crypto ecosystem together, it will become one of the most valuable coins and it will be hard to imagine the crypto market without it. While there may be several other blockchain projects that are also working on interoperability, Polkadot is leading the way.
The reality is that there will be no single cryptocurrency to rule them all. There are almost 18,000 cryptos and, while many will fail, in the end, this number is only likely to grow and, therefore, a service like Polkadot is desperately needed.
That said, Polkadot must stay ahead of the curve when it comes to interoperability. Other currencies such as Cosmos provide very similar services and, while they are likely to co-exist, there is still the possibility that one could overtake the other.
What will happen to the price of polkadot (DOT) in 2022?
Polkadot pricing in 2022 will do quite well as new chainstays are sold and could sell above $50 per DOT, according to our Polkadot price forecast. We do not expect dot to reach less than $13 per coin in 2022 and will end 2022 at $46.
Will the price of DOT rise in 2022?
In fact, Polkadot is expected to rise in 2022 with the DOT price forecast telling us it will reach an annual high of $53.15, just under $2 away from its current all-time high of $55 as of 2021. No one expects Polkadot’s price to plummet in 2022.
What will happen to the price of DOT in 2025?
According to Polkadot’s price forecast, 2025 will be another big year for DOT as it consolidates its position above $100, almost doubling from its current all-time high. Rounding to an average price of $138, DOT will end the year at $174.
Will the price of DOT rise in 2025?
Yes, the price of Polkadot will rise in 2025 and may reach a new all-time high of $190.56, as calculated by our Polkadot price forecast formula. An increase of 912.54%.
Will Polkadot (DOT) reach $100?
Yes, according to Polkadot Forecast, prices may reach the $100 mark by 2024. Currently, it has the potential for a significant bull run in the coming years based on the technical outlook.
Will Polkadot (DOT) reach $1,000?
At the moment, Polkadot’s price forecast does not see DOT reaching $1,000 before 2030, although this level could be reached before 2040.
FREQUENTLY ASKED QUESTIONS
Does Polkadot have a future?
Polkadot has one of the best futures in the crypto market. As Polkadot becomes the number 1 platform for interoperability, it will only grow in popularity and increase the demand for the DOT token.
Is Polkadot better than Ethereum?
Polkadot uses a proof-of-stake variation and offers the ability to create customisable blockchain projects, this alone might suggest that, on a technical level, Polkadot is better than Ethereum. However, in terms of investment, Ethereum is still the winner: it has been around much longer and has a much larger user base than Polkadot.
What was Polkadot The ICO like?
Polkadot’s 2017 ICO went very well with $144,630,000 received in token sales, according to ICO Drops. During the ICO, 1 DOT was equal to $0.29 and 50% of the tokens were available for sale. Since the ICO, DOT has made initial investors a 95.76x return.
Is Polkadot a good investment?
Despite its short time on the market, Polkadot has proven to be one of the top investments in the crypto market. Since it began trading, Polkadot has achieved a 567.1% ROI and is up 590.63% since hitting its all-time low of $2.69.
Will Polkadot rise?
Yes, Polkadot is expected to rise. Achieving an average of $138.24 in 2025, it will be up 246.47% from its current all-time high of $55. After that, in 2030, reaching $515.80 will be an increase of 837.81%.
When will Polkadot take off?
Polkadot will take off next year in 2023, where it will secure an average price of $65.65 and a maximum of $89.04. Continuing this momentum in 2024, Polkadot will exceed $100 per DOT.
What price could Polkadot achieve?
Here’s what Polkadot could reach over the next eight years:
2022: $53.15
2023: $89.04
2024: $131.41
2025: $190.56
2026: $272.32
2027: $355.88
2028: $403.49
2029: $464.79
2030: $515.80
What is Polkadot’s price prediction for the next bull run?
Bitcoin will go through two halves before 2030, one in 2024 and then in 2028, which will undoubtedly start the next cryptocurrency bull run. According to our Polkadot price predictions, DOT has a 2024 peak target of $131.41 and a 2028 peak target of $403.49.
How high will Polkadot go?
The highest Polkadot price prediction we have seen so far has been made by Price Prediction, which believes DOT will be worth a high of $906.19 by 2031.
Polkadot price prediction 2040
Although it is too early to tell, our Polkadot price prediction indicates that 2040 will see DOT reach prices between $2,000 and $3,500 per coin.
What was Polkadot The ICO like?
Polkadot’s 2017 ICO went very well with $144,630,000 received in token sales, according to ICO Drops. During the ICO, 1 DOT was equivalent to $0.29 and 50% of the tokens were available for sale. Since the ICO, DOT has earned initial investors a return of 95.76x.
How to invest in Polkadot?
As a relatively young coin, it would be unwise to invest too heavily in Polkadot because we have limited information on how well it might perform. However, as previous price predictions have suggested, it could perform particularly well in the long term (2025 to 2030), so perhaps it would be better to hold DOT tokens for the long term. Savvy cryptocurrency investors invest most of their cryptocurrency portfolio in Ethereum and Bitcoin and much smaller percentages in other altcoins, such as Polkadot. So, with that in mind, you may only need to invest a small portion of your portfolio in DOT; if you’re doing particularly well, a small amount is all you need.
What does Polkadot Crypto do?
According to the Polkadot website, Polkadot does several things: It enables inter-chain transfers of any asset. Enables a common set of validators to secure multiple blockchains. Enables the creation of custom blockchains with their own governance, which are protected by Polkadot. Updates without the need for hard forks.
What is polkadot parity?
Parity is a blockchain infrastructure company that has worked on Ethereum and with clients on Bitcoin and Zcash (ZEC). Parity, in collaboration with Web3 Foundation, launched the Polkadot (DOT) cryptocurrency.