With the recent rise in the crypto market as a whole, top crypto expert Michael van de Poppe believes that Polkadot’s native token, DOT, will also go up.
van de Poppe thinks that Polkadot will make major improvements, like Ethereum did recently, based on data from Tradingview. This means DOT might be able to benefit from Ethereum’s growing environment. Investors are becoming more interested in both projects.
Polkadot’s Growth Potential Explored
Polkadot is currently undervalued compared to Ethereum, but van de Poppe thinks it has a lot of room to grow.
Because he thinks DOT will grow, he talks about possible new projects, features, or connections. “Asynchronous Backing,” an important update that Polkadot just put out, is meant to make it easier for parachain blocks in the Relay Chain to be matched.
DOT is now selling at $6.36, up 4% in 24 hours. It has a market cap of $9 billion and trades worth $233 million, up 28.7%. We can see that DOT has turned bullish with an Awesome Oscillator divergence on the daily period. This suggests that the $7.8 resistance level might be tested again.
At the same time, Ethereum rose to over $3,400, a recovery from recent market turbulence. Analysts think that Ethereum will be able to reach its $7,500 price goal due to patterns seen in the past.
