Dot Price to hit $10 by Year-End
The DOT price which rallied from $3.98 to the present levels in just a fortnight, is expected to fly high towards the strong resistance formed at $5.5. After attaining $5.5 successfully, The DOT price may head towards $10 by the end of 2020.
The DOT price has broken apart from the parallel channel in the past couple of hours to rally above $5 in a very short time. At the press time, DOT price stands at $5.32 with a gain of 1.19 percent in the last 24 hours and nearly 21.25 percent.
Међутим, some analyst predicts DOT price may hit as high as $50 in the coming days or might go as high as $100 if the market mood is in the right momentum. The price showing the first signs of a potential reversal, forming a nice round consolidation moving above the lower range.
Will DOT outpower ETH and Showcase its Potential
Polkadot blockchain is gaining much momentum within the crypto space as it is anticipated to perform better than the more popular Ethereum blockchain. Right after the inception of the mainnet in July 2020, Polkadot is looked upon a replacement of the ETH blockchain.
One of the popular crypto analyst and blockchain & DeFi investor has predicted the DOT ecosystem will outperform the ETH platform in the coming days. Moreover, the upgrades like providing insurance options may be an added advantage for the platform.