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Polkadot is one of the most discussed and desired crypto assets for investors. Its fundamental features and innovativeness allow the crypto asset to take a swing at new historical highs.
Well-known analyst Michael Van De Poppe said that Polkadot has very good prospects for a long bull run, and it will be able to grow to $75 by the end of the 4th quarter of this year if the current levels remain the same and there are no breakouts and corrections.
Yesterday, Polkadot reached its all-time high and was trading at $50.87.
Polkadot (DOT) is already ready to launch parachains in the near future, which is the reason that the price of the token has reached a record high, and will also grow further after the launch of the parachain.
Analysts are confident that if investors want to seriously invest in Polkadot, then they should wait for a local correction to the level of $45, and then to $43 – these two levels are the key levels that can be viewed for entry for institutional investors.
Today Polkadot is trading at $48.7, it has fallen by more than 10% in a day. The coin is steadily moving towards profitable entry points for many investors.
It is also known that this upward movement of the crypto asset is associated with the resolution of the registration of parachains. Now this decision will be put to a public referendum.
If this decision is approved at this referendum, then parachain-startart will be able to register their parachain and open crowdsames on November 4.
Back in early October, the developers announced that investors will be able to trade parachains for the first time, and the long-awaited first auction takes place on November 11.
Now many competing startups can use this crowdsourcing loan method to obtain funding in Dot tokens to launch their blockchain auctions.
Moonbeam is a platform that is compatible with the Ethereum virtual machine, this platform allows developers to transfer their code from Ethereum to Polkadot without any problems.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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