πŸ”₯ Polkadot forecast 2021: DOT course analysis & future

Is about investing in cryptocurrencies, of course you want to put your money in a digital currency with the corresponding potential. This means that the price should rise - ideally, you get in with a small sum and make an enormously high profit after a few months (or years).

Polkadot website

Is that theoretically possible if you are interested in Polkadot decide? In order to be able to make a corresponding forecast here, you don't just have to Take charts into accountbut also the fundamental situation of the project.

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The roadmap: finalization is imminent

Polkadot Blockchain Explained

The sustainable implementation of the so-called roadmap may be important for long-term project development. This not only includes continuous product improvements, but also, of course, timely planning. From a macro perspective, the focus here is on the successful conversion of Substrates 3.0 and Parachains. It should also be noted that Polkadot was already able to overcome the biggest hurdles. The milestones reached in 2020: Nominated Proof of Stake (NPoS), Proof of Authority (PoA), governance such as removal of Sudo and activation of the core function such as token transfers.

Polkadot Consensus Roles Dots

Now you are almost there. Work is already in progress to ensure that Parachains V1 is transferred to the mainnet. Tests are carried out on ROCOCO, the test network for Polkadot. In the next few months, the plan is to implement auctions for the parachains. A very important process in order to secure a place as a parachain on Polkadot. The participants offer their DOT tokenthat should be stored in the respective parachain.

If you look at Polkadot from a fundamental point of view, you are actually at the final milestones of the roadmap. That means, the finalization is imminent and so there could soon be noticeable price increases for the KryptowΓ€hrung give.

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Cooperations and partnerships also have an impact on the price

Polkadot supporters Web3 Foundation

Especially when you look at partnerships and cooperation, you will notice that Polkadot was able to build an extremely strong and stable foundation here. The partner network consists of well-known and established companies and institutions. The Web3 Foundation, which is behind the Polkadot development, is staffed with developers, analysts, researchers and entrepreneurs in order to be able to access a pool of experts.

Together with Polkadot, the Foundation is pursuing the goal of creating an open platform so that the participants can be connected to one another. Polkadot may be the platform that has been able to win the strongest collaborations and partners - and the experts are very sure that this will have an enormous impact on the future price of the cryptocurrency to have.

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Invest or rather speculate with the price?

Polkadot CoinMarketCap Markets Overview

So there are a few points that suggest it might be a good idea to invest money in polkadot. However, it is important that you clarify in advance what is important to you - should you invest directly or speculate with the price movement? The difference: If you invest in the cryptocurrency, you need it a walletin which the coins are stored; Furthermore, you only benefit if the price of the cryptocurrency rises.

Libertex website

Based on the answer, whether you prefer to invest or speculate, the next step is to find the right provider. Those who prefer to speculate should look into the offer of Libertex deal. This is about pure price speculation - so is it going up or down?

Due to the fact that the crypto market is a very volatile market, caution should be exercised. Especially if you are speculating with the price, i.e. if you opt for CFD trading, only freely available capital should be invested. Because surprising price movements are always possible. Anyone who ends up investing money here that is already reserved for certain expenses could therefore get into financial difficulties if money that is not freely available is taken into hand.

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Step 1: Register with Libertex

Create a Libertex account

The Online Broker Libertex is regulated. What that means? Ultimately, you don't have to be afraid of dubious or even fraudulent machinations. The Cyprus Securities and Exchange Commission - the CySEC - is behind the provider Libertex. This is the Cyprus Financial Supervision Authority. The provider is based on the island. It should be noted that Cyprus is part of the European Union and therefore the same rules must be followed by the providers as they would, for example, if they were based in Germany or France. It is also one of the strictest authorities. So one shouldn't believe that the choice of location has something to do with the fact that lesser rules have to be adhered to here.

Registering with the broker is more or less self-explanatory and only takes a few moments. Due to the fact that Libertex a very beginner-friendly provider you don't have to worry about stumbling at one or the other hurdle in the end. Libertex has built absolutely no hurdles, just created a very simple platform.

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Step 2: Deposit with PayPal, credit card or instant transfer 

Libertex deposit methods at a glance

When it comes to the first deposit, there are different payment methods. Above all, the broker scores with the fact that you can opt for well-known payment methods, although of course also eWallets Tobe offered. Depending on the chosen deposit method, the money is available in the account immediately or after two to four working days.

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‍Step 3: Buy and Sell Polkadot 

Libertex Mobile Trading Platform

Libertex is a classic CFD broker - stock exchange services are not provided here. This means that this is only about speculating with the price development and not about actually investing in Polkadot. This is also the reason why you can bet on rising (long position) and falling (short position) prices at Libertex. So if you work with Libertex, you don't need a wallet in the end, i.e. the digital wallet, because you don't have any coins here either.

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Prognosis

Polkadot set the all-time high on May 15, 2021: US $ 49,35. On August 20, 2020, the price was US $ 2,70. Today (as of June 16, 2021) the price is 23,95 US dollars. This is 51 percent away from the all-time high, but between August 2020 and mid-June 2021 a price increase of 789 percent was recorded.

Polkadot CoinPedia forecast

If one deals with the forecast of the experts at Coinpedia, it should be mentioned that the calculations are based on the technical analyzes. The continuation of the year 2020 is expected - so by the end of 2021 the Cryptocurrency exchange rate remain in the range of 30 US dollars. According to the experts, the price could rise to over 2025 US dollars by 50.

Polkadot Digitalcoinprice Forecast

A similar prediction was also made by the experts at Digitalcoinprice. Here, too, it is assumed that the price of the cryptocurrency will be around 2025 US dollars by 50.

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Our conclusion: what's next for polkadot?

Polkadot CoinMarketCap Price Chart

Anyone who thinks they are investing in Polkadot should take a close look at the forecasts. The forecasts are promising, but show that extremely high jumps, as is forecast for other crypto currencies, are not to be expected. At least for now. Since the crypto market is always good for surprises, it may well be possible that the forecasts will look completely different in six or twelve months. Therefore we find at Bitcoin-News.onethat Polkadot is a crypto project to watch out for.

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Callie Machalat

Callie Machalat from Bitcoin-News.one understands the information needs of the crypto community members, traders, researchers and developers looking for reliable information to understand and participate in the crypto revolution.

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