Polkadot Is In Accumulation Phase: Can DOT Surge In June?

Vignesh Karunanidhi
Polkadot Is In Accumulation Phase: Can DOT Surge In June?
Source: Twitter

According to renowned analyst Michaël van de Poppe, Polkadot is currently in an accumulation phase. The analyst also stated that the price has begun to crawl upwards, making it an excellent time to consider investing in the project.

Van de Poppe recently took to X to share his thoughts on Polkadot, stating, “DOT is doing great in fundamental growth. They are focusing on RWA and have multiple great projects within the ecosystem (Centrifuge & Energy Web). Right now, the price starts to crawl upwards and I think it’s still a great time to accumulate a position.”

This endorsement from a well-respected analyst has sparked interest among investors who are looking to capitalize on the potential growth of Polkadot.

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Source: Michaël van de Poppe

Polkadot’s focus on RWA has helped it thrive

Polkadot’s focus on real-world assets (RWA) and its ecosystem, which includes projects like Centrifuge and Energy Web, have contributed to its fundamental growth.

Looking ahead, crypto experts have made price predictions for Polkadot in the coming years. According to Changelly’s technical analysis, the minimum cost of Polkadot in 2024 is expected to be $10.07, with a maximum price of $9.99 and an average trading price of $9.91.

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Focusing on the near term, the DOT price forecast for June 2024 suggests an average rate of $9.98. The analyst forecasts a minimum price of $10.07 and a maximum price of $9.88. These projections indicate that Polkadot has the potential to experience growth in June. This also makes it an attractive option for investors who are looking to diversify their cryptocurrency portfolios.