Polkadot has established a presence in the crypto world, becoming one of the top choices in blockchain interoperability. But recent market performance shows it could be losing its shine to newer competitors.
However, Polkadot price prediction lately shows it could surge to $60 in a bullish scenario, surpassing the 2021 high. While some analysts debate the Polkadot price prediction of $60, others see a potential 50x return in a new PayFi token.
As the DOT price reenters the bullish path, here is all to know about the price prediction and why the analyst-discovered rising star could see 50x.
Key Factors Drawing Attention To Polkadot Price Prediction
Polkadot price movement has not been the most satisfactory since 2021, as it heads down from the $55 ATH. However, recent fundamental factors show it could be ready for another bull season.
Polkadot’s role in cross-chain communications and the Polkadot 2.0 upgrade have been key factors fueling recent growth projections. This is as institutional demand and trader interest return to the coin, amidst analyst Polkadot price prediction to hit $60.
Technical Analysis Of Polkadot Price Prediction
The Polkadot price prediction is based on a strong bullish market trend, projecting a potential for 15x from the current $3.7. Although the DOT price witnessed an 11% growth last month, the last few days have not seen much upward movement. With the Polkadot price prediction citing an increase to $60, this means the price needs to reclaim its 2021 high of $55.
However, there is a drop in the Polkadot daily volume over the last few days, showing a potential decline in interest. This decline further presents a challenge for the Polkadot price prediction as the price dropped about 1% last week.
For the DOT price to claim the $60 spot, Fibonacci retracement shows it needs to first return to a support at $15. But, with the slow move and stifling competition, the Polkadot price prediction might take months to reclaim $15 support, and a year to get to $60.
Why Analysts Back Remittix For Surge Over Polkadot
While technical analysis suggests Polkadot’s price prediction may be speculative, a rise in buying momentum is giving Remitti a breakout edge. The Remittix CertiK audit has been fueling a strong investor inflow this last week as confidence rises in the project’s security.
Unlike other new market projects, Remittix’s security and utility are already putting it side-by-side with top altcoins.
Remittix’s primary use case facilitates a hybrid payment solution that connects cryptocurrency to local bank accounts. That is, it allows crypto traders to send money from their wallet into bank accounts worldwide.
Analysts project that this solution could see Remittix achieve a 100x return before the first quarter next year, and potentially up to 50x this year. Key features driving Remittix adoption include:
- Low cap power that could drive ease of growth.
- Beta wallet launch this year, moving to make the crypto-to-fiat conversion faster and cheaper
- Real-world utility projected to drive instant global adoption
- Up to 40% bonus on token invested
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com
