Polkadot is an open-source sharding multichain protocol that facilitates the cross-chain transfer of any data or asset types, not just tokens, thereby making a wide range of blockchains interoperable with each other. This interoperability seeks to establish a fully decentralized and private web, controlled by its users, and simplify the creation of new applications, institutions and services.
Popular crypto trader and analyst Benjamin Cowen sees a bright future on the horizon for Polkadot (DOT). Cowen tells his 538,000 subscribers that Polkadot might not be undervalued compared to Bitcoin (BTC), but it does seem to be undervalued relative to other altcoins. Cowen says it “seems reasonable” that DOT could rally 120% in value.
Technically, Polkadot reached a local top of 38 USDT on the 14th of September and then entered in a correction phase that will probably fuel the next wave up. The higher probability move in our opinion is a move to the upside. If the price breaks the orange trendline it has high probability of going up. If the price reverses from the orange trendline and falls again we should watch the blue trendline for reversal signs.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Popular crypto trader and analyst Benjamin Cowen sees a bright future on the horizon for Polkadot (DOT). Cowen tells his 538,000 subscribers that Polkadot might not be undervalued compared to Bitcoin (BTC), but it does seem to be undervalued relative to other altcoins. Cowen says it “seems reasonable” that DOT could rally 120% in value.
Technically, Polkadot reached a local top of 38 USDT on the 14th of September and then entered in a correction phase that will probably fuel the next wave up. The higher probability move in our opinion is a move to the upside. If the price breaks the orange trendline it has high probability of going up. If the price reverses from the orange trendline and falls again we should watch the blue trendline for reversal signs.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
