Polkadot (DOT), a project developed by Gavin Wood, one of the co-founders of Ethereum himself.
DOT, which stands out as a great competitor to Ethereum with this aspect, is the famous analyst. Justin Bennett’It has a bright future according to his predictions.
Ascension Goals for Polkadot
Popular crypto analyst Bennett stated that Polkadot’s price action is not over yet and he thinks it can continue on its way in an optimistic channel.
The fact that DOT is currently in a falling wedge formation and the market is in a macro uptrend reaffirms my belief that DOT will go higher.”
According to Bennett, Polkadot will end the short-term downtrend and rebound with a falling wedge pattern, which is normally a bullish oriented pattern.
The analyst said that he expects this to happen in the second week of February. The analyst’s bullish target is at least as 78% went on the record.
Will the market generally go up? I personally think this will happen, and if this happens, I expect serious upside for the DOT. My initial targets will be $32, $38 and $45.”
Bennett thinks that DOT does not deserve its price in the current $20 band and can achieve great things with parachain technology.
According to the analyst, the DOT price could rise as high as $65 in the long run, where it could break the all-time record. Bennett generally thinks that the bull market will continue.