Polkadot is a platform that aims to merge all blockchains into one global independent Web3 network and ecosystem. The project is only evolving and gaining popularity thanks to its functionality and prospects in the development of its product and network. That is why many investors are interested in Polkadot price prediction 2030. You may have noticed that the Polkadot project has shown incredible growth in recent months.
Let’s see what the future holds for this promising digital asset.
Factors That Influence Polkadot Price
DOT`s price is affected by several factors. Among them:
- Polkadot’s blockchain adoption.
- Interest from investors.
- Improving the functionality of smart contracts.
- Usage by DeFi projects.
Polkadot continues to grow rapidly with no signs of slowing down. This is a good sign for the future Polkadot price.
DOT’s Price History
When Polkadot hit the market in the summer of 2020, it was worth about $2.75. On August 20 of that year, it was valued at $2.79 and then fell to $2.69. This is the lowest price for this cryptocurrency. The rest of the year was some growth. Polkadot topped $3 on August 21, followed by $4,5 on August 22, $5,5 on August 25, and $6 on August 26, so the coin more than doubled in five days. Polkadot fluctuated between $4 and $6 for most of the rest of the year, but rose sharply in the last few days of 2020, closing at $9.29 on December 31.
Polkadot`s price increased in early 2021. First, it briefly got through $10 on January 3, then rose significantly, closing at $10.96 on January 13 and $14.54 the next day. In other words, it was up over 32% in just 24 hours.
Another important event occurred on February 3, when the coin broke through $20 for the first time and exceeded $30 intraday on February 13. Over the next month, Polkadot traded mostly above $30 and closed at $41.16 on April 2. The coin remained above that mark in the first half of April, but lost more than 23% of its value on April 18, falling from $43.11 to $32.87. On April 24, 25, and 26 the coin stayed below $30, but on May 13, it was back above $40, reaching a record high of $47.95 on May 14.
The coin then suffered a cryptocurrency crash on May 19, dropping nearly 55% from $41.34 to $18.03. It eventually recovered somewhat, but before that, on July 20, it fell to an intraday low of $10.98.
Polkadot Price Prediction 2021
Polkadot (DOT) started trading at $8.3 in 2021. But it has risen significantly since the beginning of the year. The DOT coin, trading at $51.59 at the time of this writing, has risen 550% since the beginning of the year. WalletInvestor expects that the DOT price will be close to $60 by the end of 2021. PricePrediction.net gives a similar prediction.
Future Price of Polkadot (DOT) in 2022-2030
Polkadot can reach $75 in 2022 according to PricePrediction.net. WalletInvestor thinks the same — $77 in one year.
Meanwhile, in five years from now (2026), the price of Polkadot will increase even more — WalletInvestor expects that it will cross a $200 mark, and PricePrediction.net estimates it at around $280.
In 2030, it can skyrocket to an incredible $1,500 (PricePrediction.net), so it’s obviously a good time to invest in this asset now and wait until you make a fortune.
Will Polkadot Go Up?
Polkadot is considered one of the most technically innovative projects in the blockchain sector, although it is at an early stage of development. Polkadot’s price is constantly changing to match active market trends. Long-term forecasts are bullish. Nevertheless, you should be cautious because prices can go up as well as down unexpectedly. In any case, many experts believe that the average DOT price will increase from year to year.