Despite its recent 14% drop to around $7, some analysts believe Polkadot (DOT) has huge potential for a rally in the near future. 📈

The Polkadot blockchain protocol has undergone many developments, attracting the attention of many industry participants. However, its native cryptocurrency DOT has performed poorly over the past month, falling 14% and currently trading around $7.

User X Dippy.eth praised Polkadot's latest progress and provided a bullish outlook for the token. He described DOT as a "sleeping giant" that is poised to explode 60% in the short term and much more significantly in the long term. 🚀

Other analysts who see a bright future for DOT's valuation include CRYPTOWZRD and Jake Gagain. The first believes that the asset is ready for a “volcanic eruption” if it breaks through the important resistance zone of $9.60.