According to CryptoPotato, despite a recent 20% decrease in value, Polkadot (DOT) is expected to experience a significant uptrend, with predictions suggesting it could reach new highs in the coming months. The team behind the blockchain protocol recently launched the 'Ambassador Program 2.0' to encourage community participation.
Polkadot, the 15th largest cryptocurrency by market capitalization, has seen a price decline of around 20% in the past month. Currently, the asset is around the $8.50 mark, but some analysts believe a substantial increase could be imminent. One such analyst, CryptoYoddha, predicts that DOT might reach a two-year high of $20 this summer, stating that 'most alts are waiting to pump from their higher lows.'
Other optimistic forecasts come from well-known trader CRYTPOWZRD and crypto content creator Jake Gagain. CRYTPOWZRD suggested that DOT is set for a 'volcanic eruption brewing' if it surpasses the crucial resistance zone of $9.60. Once that occurs, the path appears clear for a peak of $15. Jake Gagain was even more optimistic, predicting that DOT could reach a new all-time high sometime next year. Other Polkadot price predictions have also generally been bullish, given the current market momentum.
Earlier this year, Polkadot's native token made headlines by topping a prestigious ranking and surpassing leading cryptocurrencies such as Ethereum (ETH) in terms of development activity. Most recently, Polkadot announced its 'Ambassador Program 2.0,' an initiative designed to support and integrate individuals into the community.