The main points to see in Polkadot mostly because of its huge potential in the development of Decentralized Applications (dApps). The network allows the development of such projects in the blockchain. Eminent projects being initiated by Polkadot give extraordinary economic extensibility by allowing a common set of verifiers to secure multiple blockchains.
Polkadot's Performance in the Future
Establishing Polkadot's feature is very functional and user-friendly. Its goal is to provide an easy blockchain setup, a strong interoperability approach, and security of the relay chain. It is also, the most pioneering project based on a multi-chain framework. This token has its own peer-to-peer network for numerous blockchains which makes it more unique. With wide arrays of cryptocurrencies sprouting in the market this has its own blockchain and not an ERC-20 token. Leaving more room for improvement for this project as they can integrate valuable sophisticated programs with no competition, unlike other tokens.
Technical Analysis for Polkadot
The price drastically suffered last November of 2020 due to a global pandemic, starting from its ICO around nearly $30. Then the price merely recovered and pumped $5.47 in the mid of December and eventually closes the year at $7.68.
With a bullish outlook on this token, DOT started the year 2021 with a trading price of $9.12 at the dawn of January. It is expected to close roughly $20 in February of 2021. This asset is expected to skyrocket at 20%-25% by mid-year around June or July giving us a good price of around $35. And astronomically to end the year around $50.
Holding Polkadot token
If you already have a Polkadot token, the benefits lie in your hands. Also, if you plan to buy one, take some of the considerations above as cryptocurrencies are very volatile. Surely, the data shows that this market is just starting the bull run and a lot much more for improvements. Thus, future projects come along with Polkadot as the network is forkless and future-proof. Considerably much faster with the existing tokens in the digital market.