PolkaDot: Will DOT Deliver Double Digit Profits in March 2024?

Vinod Dsouza
polkadot dot
Source: Unsplash

Leading parachain-based cryptocurrency PolkaDot is currently hovering around the $8.4 mark on Friday. DOT climbed nearly 15% in the last seven days delivering decent profits to investors. PolkaDot rallied in the charts this week after Bitcoin climbed above the $62,000 mark. BTC is now gearing up to breach its all-time high of $69,044, which it reached in November 2021.

Also Read: Ripple: XRP Forecasted To Surge 200%

After the bear markets took over in 2022, DOT barely saw its price rise above the $10 level. The cryptocurrency has been trading in single digits for more than a year now with little to no price spurts in the indices. If Bitcoin climbs above its ATH, leading altcoins will also follow suit and move in tandem with the king cryptocurrency.

The development will not only make PolkaDot’s price rise, but Cardano’s ADA, Ripple’s XRP, and VeChain’s VET, among other cryptocurrencies could hit new monthly highs. In this article, we will highlight how high PolkaDot’s native token DOT will trade this month in March 2024.

Also Read: Dogecoin Forecasted To Surge 250%

PolkaDot: How High Will DOT Rise In The Charts This Month March 2024?

Source: cryptoslate

Leading on-chain metrics and price prediction firm Changelly has painted a rosy picture for PolkaDot this month. According to the price prediction, DOT could rise by another 9.9% by the end of March 2024. The forecast suggests that PolkaDot could reach a high of $8.99 in the next 30 days.

Also Read: Cryptocurrency: 3 Coins Below 20 Cents That Can Give Good Returns

Source: Changelly.com

Therefore, an investment of $10,000 made today in PolkaDot could turn into approximately $11,000 if the prediction turns out accurate. This puts DOT in the ‘buy’ territory and becomes one of the top-performing cryptocurrency in the market.

At press time, PolkaDot was trading at $8.4 and is down close to 3% in the 24-hours day trade. However, DOT is also down nearly 85% from its all-time high of $54.98, which it reached in November 2021.