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Polkadot Price Prediction: What will be DOT Price after 5 Years (2026)?

Polkadot (DOT) is one of the most popular cryptocurrencies currently. In terms of market cap, it is the 8th-largest cryptocurrency (over US$34 billion market cap). Now, the question comes should you invest in it? Is it a good investment? Is it an Ethereum Killer? What will be its price by the end of 2021 or 5 years later (2026)? To answer all your queries, let me walk you through Polkadot DOT, its fundamentals, and the DOT price forecast. 

What is Polkadot (DOT)?

In the quest to provide a fully functional and user-friendly decentralized platform, Web3 Foundation was on board for the development of Polkadot. It was in 2016, one of the cofounders of Ethereum, Gavin Wood, mapped the Polkadot project with others such as Robert Harbermeier and Peter Czaban. 

GAS fees are a payment made by the developers to a blockchain for using the network for carrying out multiple computational tasks. The concept of Gas Fee came into existence with the Ethereum network. It is the extra fee a developer will pay for using a network’s computing energy for validating transactions. Polkadot network circumvents money spent on extra transactional fees.

Polkadot (DOT): Facts & Figures

All these facts and figures (as of Oct 13, 2021) will help you to make a decision on investing in Polkadot DOT:

  • DOT Price: US$34.15 
  • Trading Volume (24h volume): US$1,924,084,567
  • All-Time High (ATH) Price: US$49.69 (reached on May 15, 2021)
  • All Time Low (ATL) Price: US$2.69 (reached on Aug 20, 2020)
  • 24h Low: US$32.12
  • 7d Low: US$29.19
  • YTD (Year-To-Date) Return: 322.39% YTD (Year-To-Date)
  • Market Cap: US$33,828,730,874
  • Crypto Rank (in terms of market cap): 8
  • Fully Diluted Market Cap: US$37,578,962,937
  • Max Supply: ---
  • Total Supply: 1,103,303,471
  • Circulating Supply: 987,579,314.96 DOT

Fundamental Analysis of Polkadot Protocol

Polkadot is based on a multi-chain framework, aiming to provide the most advanced p2P network for multifarious blockchains. With the circulations of its DOT tokens, the Polkadot network aims for a Strong interoperability approach. This introduces shared security of relay chain & parachains for outperforming Ethereum network. Polkadot can be called an “Internet of Blockchains”. 

All these aspects led to the emergence of Polkadot as a Performant shared network that provides many use cases. Set up of the Easy blockchain became possible because of the Sophisticated governance process. 

Polkadot network’s native token is called DOT, which fuels the entire system. If you are a DOT token holder, you can make significant changes in the decisions of the network. In that case, you can also oppose other holders’ decisions on the platform. 

Staking is involved in Polkadot too. However, staking on the Polkadot platform works on a nominated Proof-of-stake consensus (nPoS) mechanism. If you stake an amount of DOT token, you get the right to participate in the major decisions of network upgrade.

Polkadot Price Prediction

DOT price is hovering around US$34.25 at press time and it has increased by more than 322.39% in the last ten and half months. 

Polkadot DOT Price Prediction 2021 End

By the end of 2021, the price of each DOT coin is expected to reach anywhere from US$49.841 to US$68.998. 

Polkadot Price Prediction 2022

By the end of 2022, the price of each DOT token is expected to reach anywhere from US$90.34 to US$150. 

Polkadot Price Forecast in the Next 5 Years (2025-2026)

Polkadot’s price is expected to hit an all-time high price, which can be anywhere from US$213.11 to US$526.003 in the next 5 years (by 2026). 

Final Words

Always remember that cryptocurrency investment advice always comes with the risk of loss. As prices of cryptocurrencies are highly volatile, you should be ready to consider the loss aspect too. If you can’t afford to lose money, crypto investment is not for you. Instead invest in fixed income assets. To be sure about your investment, always go through the fundamentals, technicals, and price history trends of the Polkadot market. Once you are absolutely sure about investing, go through the Polkadot network price prediction, and then invest.