I wrote an article back in November 2020, about how Polkadot was the #1 Altcoin of 2021. With the incusion of the Kusama Parachains, and the profit from both Karura and Moon River (KAR & MOVR), this prediction is one of the top projects, if not the top project of 2021!
So let's analyze the price prediction.
The price prediction was based off previous Altcoin Models during the last Bitcoin Bullish cycle in 2017. On any Altcoin/BTC chart, you will see it a lot clearer, In December - BTC Rules, and Alts fall to the bottom. I predict this will continue, and may be altered by the expanding cycles. (I previously theorized the cycles were expanding approximately by (previous cycle * 1.618 - measurements weren't exact but were all between 1.6x - 1.65x).
So, although we may see a new high for Polkadot sooner than later, I believe Bitcoin will do what Bitcoin does, 1 year after its halving... Explosive Growth is within striking distance - load up!
With the take off of Bitcoin, the Altcoin market will lose the large chunk of market share they greedily built up. If people try to tell you "But (your name), this time is different", or "But.. But.. Defi!" - just slap them until they blink a couple times, and come back down to earth. Don't mess with Bitcoin during its bull cycle. There is a way to profit from the Altcoins back into Bitcoin, but that arbitrage opportunity comes in 2022-2023. So not yet.
With this market share dilution, Polkadot will see a price between $20 - $26. This is short lived, and after the new year rings in, Polkadot explodes.
Price predictoin is based off of historical results, combined with a Fibonacci Extension chart I drew - $165 - $200 by June, 2022.
So let's analyze the price prediction.
The price prediction was based off previous Altcoin Models during the last Bitcoin Bullish cycle in 2017. On any Altcoin/BTC chart, you will see it a lot clearer, In December - BTC Rules, and Alts fall to the bottom. I predict this will continue, and may be altered by the expanding cycles. (I previously theorized the cycles were expanding approximately by (previous cycle * 1.618 - measurements weren't exact but were all between 1.6x - 1.65x).
So, although we may see a new high for Polkadot sooner than later, I believe Bitcoin will do what Bitcoin does, 1 year after its halving... Explosive Growth is within striking distance - load up!
With the take off of Bitcoin, the Altcoin market will lose the large chunk of market share they greedily built up. If people try to tell you "But (your name), this time is different", or "But.. But.. Defi!" - just slap them until they blink a couple times, and come back down to earth. Don't mess with Bitcoin during its bull cycle. There is a way to profit from the Altcoins back into Bitcoin, but that arbitrage opportunity comes in 2022-2023. So not yet.
With this market share dilution, Polkadot will see a price between $20 - $26. This is short lived, and after the new year rings in, Polkadot explodes.
Price predictoin is based off of historical results, combined with a Fibonacci Extension chart I drew - $165 - $200 by June, 2022.