Polkadot (DOT) brought a high level of interoperability and scalability to the sector of blockchain as the project was launched in 2020. With Gavin Woods, one of the co-founders of Ethereum, on the head of the Polkadot team, the project is preparing for more upgrades and new projects in 2021. As new projects are arriving at Polkadot, what can we expect from DOT price in 2021?
Polkadot (DOT) Price Analysis: New Highs for Polkadot in 2021?
Polkadot started strong with its launch, reaching an all-time high price of over 10$ per one DOT coin. With the beginning of 2021, DOT entered a bearish trend with the latest trend reversal, losing -6.3% over the last seven days. However, Polkadot is recovering with the second week of January 2021, with a daily rise of 11%, currently trading at the value of 9,13$. DOT is still -14% away from revisiting its ATH price. The lowest price for the week is set at 8.26$ and the highest is recorded at 10$. DOT is currently trading somewhere in between the lowest and the highest weekly price, indicating that price fluctuations are on the low end. Polkadot is recording 86% of gains for the month. The market cap for Polkadot is currently set at 1 billion dollars. Based on the present momentum, DOT may be able to get past the value of 10$ in the following weeks.
New Projects Arriving at Polkadot (DOT)
New projects are arriving at Polkadot in 2021, which may bring anticipated gains to the new crypto. Among the most notable projects scheduled to go live on Polkadot, is Frontier. Frontier is created by Parity Technologies, representing an Ethereum-based substrate compatibility program. Acala is announced to become the first stablecoin to be launched on the Polkadot ecosystem. Moonbeam is another project expected on Polkadot, depending on the launching of the Frontier project.
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