Polkadot's price has been stagnant for the past three years, causing it to drop in crypto rankings. However, there are three reasons why the price may soon surge. First, the SEC may approve a spot DOT ETF, which would bring Polkadot exposure to Wall Street investors. Second, the migration to the Joint-Accumulate Machine (JAM) in Polkadot 2.0 aims to solve the challenges faced by the network and allow developers to build applications directly. Lastly, Polkadot has strong technicals and a breakout above its current consolidation channel could lead to significant gains. The initial target price is $23.5.



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