This month, Polkadot’s DOT already gained +83%, displacing XRP as the #4 crypto asset by market capitalization.
Since the all-time high on January 16, the price wobbled, looking for support — it looks like it was found at around $15.
Grayscale, an asset manager with $20 billion AUM, recently incorporated a new trust for Polkadot. At some point they might use this trust to give institutions exposure to Polkadot.
This was enough to spur rumours across the crypto twitter and respark enthusiasm with yesterday’s +9% daily candle.
So we’ve posted this question to Cindicator’s Hybrid Intelligence:
“The cryptocurrency Polkadot (DOT/USDT) settled at 16.3463 USDT at 09:30 AM UTC at the Binance exchange on Friday, January 29. In your opinion, will DOT/USDT trade above 19.45 USDT (+19%) at any time before February 12?”
Assurance: 82%
This is a very high indicator, which suggests that Hybrid Intelligence believes the price would go higher.
And 19.45 USDT is just 5 cents above the ATH on Binance, so if that level is broken, the price might go even higher, fast.
Or the trend might reverse just under that level, so manage risks accordingly with tighter TP orders.
Since the all-time high on January 16, the price wobbled, looking for support — it looks like it was found at around $15.
Grayscale, an asset manager with $20 billion AUM, recently incorporated a new trust for Polkadot. At some point they might use this trust to give institutions exposure to Polkadot.
This was enough to spur rumours across the crypto twitter and respark enthusiasm with yesterday’s +9% daily candle.
So we’ve posted this question to Cindicator’s Hybrid Intelligence:
“The cryptocurrency Polkadot (DOT/USDT) settled at 16.3463 USDT at 09:30 AM UTC at the Binance exchange on Friday, January 29. In your opinion, will DOT/USDT trade above 19.45 USDT (+19%) at any time before February 12?”
Assurance: 82%
This is a very high indicator, which suggests that Hybrid Intelligence believes the price would go higher.
And 19.45 USDT is just 5 cents above the ATH on Binance, so if that level is broken, the price might go even higher, fast.
Or the trend might reverse just under that level, so manage risks accordingly with tighter TP orders.
Trade closed: target reached