Ethereum

Satoshi

Polkadot

Momentum

RebelSatoshi

<p>Polkadot (DOT) price increased 7.89% in the past 24 hours. DOT has reached $6.26 as of press time. Several analysts are pointing to various factors that could drive DOT’s price even higher in the coming weeks and months.</p>
<h2 class="wp-block-heading" id="ethereum-correlation-and-ecosystem-expansion">Ethereum Correlation and Ecosystem Expansion</h2>
<p>Crypto analyst Michaël van de Poppe suggests that DOT is likely to follow Ethereum’s pump. He stated that the current valuations of Polkadot are extremely low.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24DOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOT</a> is likely going to follow Ethereum in its expansion upwards. <br><br>This means that the current valuations of Polkadot are extremely low. <br><br>I expect a lot from the Polkadot ecosystem with all the new segments. <a href="https://t.co/HjwCQhG2fR" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/HjwCQhG2fR</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1806581295725568248?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 28, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Van de Poppe expresses high expectations for the Polkadot ecosystem. He also cited the development of new segments within the network.</p>
<h2 class="wp-block-heading" id="technical-analysis-suggests-further-upside">Technical Analysis Suggests Further Upside</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="538" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-1053-1024x538.png" alt="" class="wp-image-516539" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-1053-1024x538.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1053-300x158.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1053-768x403.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1053-1536x806.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1053-2048x1075.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1053-286x150.png 286w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1053-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1053-667x350.png 667w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1053-788x413.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1053.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Analyst <a href="https://x.com/SenseiHov/status/1806389760761672013" target="_blank" rel="noopener noreferrer nofollow">Hov </a>provides a technical perspective on DOT’s recent price action. He notes that the token has experienced a small push lower into a previously identified level, followed by an 18% increase.</p>
<p>However, Hov cautions that the current move consists of only three waves, and a five-wave move would provide more confidence that a local bottom has been established. This potential scenario could offer investors who missed the initial surge another opportunity to enter the market.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="real-world-asset-rwa-narrative-driving-momentum">Real-World Asset (RWA) Narrative Driving Momentum</h2>
<p><a href="https://x.com/ardizor/status/1802757121211330867" target="_blank" rel="noopener noreferrer nofollow">Ardizor</a>, another crypto analyst, highlights the growing momentum behind DOT as the Real-World Asset (RWA) narrative gains traction in the crypto space.</p>
<p>With the RWA market projected to be worth $16 trillion in 2023, Ardizor believes that Polkadot is well-positioned to secure a major share of this market due to its offering. The analyst advises accumulating DOT while the opportunity still exists.</p>
<p><a href="https://x.com/HouseofChimera/status/1806345818493816900" target="_blank" rel="noopener noreferrer nofollow">House Of Chimera</a> sheds light on Polkadot’s growing ecosystem. The analyst described it as a multi-chain network that enhances interoperability and scalability for blockchains.</p>
<p><strong><em>Read more:&nbsp;<a href="https://captainaltcoin.com/how-many-kaspa-kas-do-you-need-to-become-a-millionaire/" target="_blank" rel="noopener noreferrer nofollow">How Many Kaspa (KAS) Do You Need to Become a Millionaire?</a></em></strong></p>
<p>The analyst notes that over 580 projects are currently being built on Polkadot. He also stated that it makes it one of the most active networks now. This robust development activity could be a key driver of DOT’s future value proposition.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-polkadot-dot-price-up-4/" rel="noopener noreferrer nofollow">Why is Polkadot (DOT) Price Up?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is Polkadot (DOT) Price Up?

Table of Contents

CaptainAltcoin

Other articles published on Jun 28, 2024

Arpa Network Enhances Data Privacy Using Blockchain Technology

Bitgert Coin Staking: Earn Rewards and Support the Network

South American Country Bolivia Lifts 4-Year Ban on Bitcoin

Top Crypto Influencer Endorses BlockDAG Over BONK & PEPE for Investment

Crypto Airdrops To Watch Out For in July

ARK 21Shares file for a spot Solana ETF – but there’s a catch

Join our free newsletter for daily crypto updates!