Polkadot 2022 Prediction Is Out – How High Can DOT Go? | CryptoGazette
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There are all kinds of optimistic crypto predicitons out there despite the corrections that the crypto market has been seeing. Check out the latest reports involving the price of Polkadot below.
New DOT price prediction is out
It’s been reported that analyst Benjamin Cowen is identifying some realistic expectations for Polkadot (DOT) as 2022 gets near.
He addresses Polkadot in its Ethereum pair (DOT/ETH).
According to Cowen, DOT at least goes up and down against Ethereum as opposed to many altcoins which just gradually bleed down.
“Of course, the thing we have to look at and keep a close eye on is, the DOT/ETH valuation. Now the key test of a good altcoin is that over the macro scale, at the very least, it’s an oscillator against Ethereum.”
He continued and explained this:
“If it cannot oscillate against Ethereum, then what’s the point? You’re taking on more risk for less reward. So there’s still hope here that DOT could in fact be an oscillator against ETH but it’s too early to say yet.”
He also explained that while DOT’s price performance hasn’t been as memorable as perhaps early 2021, the interoperability chain is definitely building a bullish structure over the long term.
Cowen says that new ATHs could be realistically broken inQ1 or Q2 of 2022.
“We know over the last few months DOT has not performed quite as well as some of the other layer-1s that we’ve looked at. But I would still argue that over the macro scale, we generally are putting in higher lows. Really, this seems to be culminating with a slow uptrend up to around the $50 to $60 range…”
He also said that if BTC remains bullish, it could take a bit longer for DOT to reach new ATHs.
At the moment of writing this article, DOT is trading in the red and the coin is priced at $29.21.
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