Polkadot (DOT) is currently the best-performing cryptocurrency in the daily charts among the top 100 projects by market cap. DOT’s price has surged by nearly 27% in the daily charts, 22.5% in the weekly charts, and 25% in the 14-day charts, according to CoinGecko data. Despite the steep price rally, Polkadot (DOT) is still down by 13.7% over the previous month and nearly 66% since February 2025. Let’s discuss what’s pushing DOT’s price, and if the rally can continue over the coming weeks.
What’s Behind Polkadot’s Massive Price Rally?
Polkadot’s (DOT) price surge comes amid a larger market rebound. Bitcoin (BTC) hit the $69,000 mark earlier today, triggering a market-wide rally. Most major crypto assets are following BTC’s trajectory.
However, the primary reason for Polkadot’s (DOT) massive breakout is likely its upcoming halving cycle. DOT will undergo its first halving on March 14, 2026. The move will reduce inflation for the asset and has likely led to a surge in investor sentiment.
Other bullish developments include rumors about Grayscale and 21Shares filing for Polkadot spot ETFs. ETFs have become a key player in the crypto industry. ETFs open the doors for institutions to adopt cryptocurrencies without holding the underlying asset.
Will The Rally Continue?
Given Polkadot’s (DOT) upcoming halving event, there is a chance that the asset’s rally will continue until the halving. However, there are challenges along the way. The crypto market is still fragile, and the latest rally may be because of a slight liquidity spike and investors buying the dip.
Also Read: Bitcoin (BTC) Price Prediction For March 2026
Many anticipate Bitcoin (BTC) to face a rejection at the $70,000 level, and other assets may succumb to a similar fate. We could see another market dip over the coming days. A market dip could lead to Polkadot’s (DOT) price rally being short-lived.