Dot had an amazing year. Part of its growth is attributed to its technology. However, the majority of its growth was due to positive sentiment in the cryptocurrency market. The majority of prices have been inflated due to this positivity. However, we are moving into a new timeline where there will not be the same stimulus in the US economy and interest rates are likely to go up. Higher interest rates will recalibrate where money is allocated and there may be a larger return to USD. Most markets will start to slow and we may see returns to slower more sustainable growth. I believe the majority of cryptocurrencies will return to their baseline lows and these will not be quick wicks down. Instead, there will be slow accumulation, which will likely last into 2023.
I believe DOT will return to around $10-$15 in the next three months.
I believe DOT will return to around $10-$15 in the next three months.