Benjamin Cowen, one of the followed analysts of the crypto money world, shared an altcoin comment that could increase 200% or even more in his new post. Here is what the famous analyst shared altcoin and his comment on why he expects it to give such a high rise.
Benjamin Cowen, one of the famous analysts of the cryptocurrency world, shared in a recent post. Polkadot (DOT) stated that he thinks he can reach a new peak with the smart contracts update in the next leg.
Sharing his analysis in the new part of his strategy content, which he shares regularly, Cowen stated that DOT is most likely in a “re-accumulation” phase and that the model he created is similar to the one he created towards the end of 2020.
Polkadot (DOT) experienced an incredible rise from $3.00 to $50.00 towards the end of 2020 and made a name for itself.
“My speculation, however dubious, is that this range here is simply a reaccumulation that will inevitably push us higher. I also predict the next move could push us above $100. I sincerely hope it can get us above $200 and maybe even beyond. Everything will happen step by step.”
Polkadot is currently trading around $36, if Cowen’s predictions come true, this indicates that the DOT has a bullish potential of over 200%.
Cowen added that he does not expect a market cycle peak in the next few months. Instead, he thinks the crypto markets still have plenty of time to rise, and Polkadot will play an important role in that.
“I think Polkadot is a great project and I think it has an important role to play in this cycle. Again, I don’t think this cycle is nearly over. Many people think that this cycle is over and expect a peak. I do not think that this is the case. I could be wrong and we’ll have to take a look at the market at the time, but I don’t think the market cycle peak is coming in a few months. I think we still have a long way to go and I can say that Polkadot is one of the best coins in my portfolio…”
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