PolkaDot is an ETH compliant sidechain with tier 2 pegging. Thematic token works according to the perfect PoS algorithm. It is no wonder why the target audience does not have to wait and put up with high commissions during the operations to buy or sell PolkaDot. For example, the popular Ethereum charges up to $50 during peak hours. In the DOT systеm, the commission is set depending on the complexity of the operation (the number of bytes and even the user’s capabilities are taken into account here). Flexibility saves on operations.
Buy PolkaDot now – is there a prospect?
Compared to BTC, the rate of the thematic token is more stable. Over the past two weeks, traders have been able to buy and sell PolkaDot three times to make a small profit:
● On December 25-27, the token went up by 14 percent;
● January 1-3 DOT almost returned to $30 after a drawdown;
● On January 10-16, the promising token was sold at a price of 23-28 dollars.
It is noteworthy that the springboard for rebounding up falls on the weekend or its threshold. At the same time, each subsequent January bottom turns out to be a little deeper, which to a certain extent contributes to the correct forecast. But do not rejoice ahead of time, because the behavior of altcoins largely depends on the trend of BTC, the capitalization of which is ten times higher than that of DOT – 670 against 20 billion dollars. With a further drawdown of the cryptocurrency leader, it may not be profitable to exchange DOT or sell for $23.
When is the best time to trade DOT
If the rate of 18-20 dollars is broken, DOT will reach the levels of 4 months ago. In order not to wait for the fateful hour, some experts already recommend selling DOT in partial or large volumes. What matters is what happens next. They will mainly be determined by the general trend.
In general, 2022 promises a lot of profit for altcoin owners. PolkaDot is also included in the corresponding list:
● Since last year, the thematic systеm began to cooperate with Energy Web to launch consortiums of the same name as part of the modernization of the energy sector;
● Renowned analyst Benjamin Cowen recommends keeping an eye on the DOT/ETH pair as the influence of the “silver” altcoin is decreasing in favor of a more recent project of the second level (the forecaster does not exclude a slow positive trend up to $60);
● Another expert, Justin Bennett, allows the DOT price to rise after the formation of the pattern, which is bullish;
● According to the CEO of the crypto investment company Pantera Capital, one blockchain is not enough to serve advanced systems and users, and PolkaDot has every chance to compete with BTC and ETH;
● The telecommunications corporation Deutsche Telekom intends to connect the public PolkaDot blockchain to its infrastructure, with the IT systеm acting as a validator (DT subsidiaries have already purchased DOT tokens).
Fortunately, with a multi-level dump, each drawdown serves as a signal to buy PolkaDot for guaranteed (!) Profits. In any case, this behavior is observed in the current January. Doubly pleased with the accelerated and synchronous rise in price of altcoins. If the BTC rate pushes up after the next correction, then in a few hours the corresponding trend will show DOT.
