The price of Polkadot (DOT) has dropped significantly, erasing all gains since September. However, there are two potential catalysts that could push the coin higher in the future. The first is the launch of the Polkadot 2.0 upgrade, which will introduce features such as agile coretime and elastic scaling. The upgrade is expected to be the most significant update since Polkadot's inception. Additionally, Polkadot will introduce the Joint-Accumulate Machine (JAM) which will replace the relay chain and function as a rollup chain. This launch is expected in early 2025. Polkadot has also allocated funds to support its ecosystem ahead of the JAM rollout. The technical indicators for Polkadot suggest that it may be accumulating and institutional investors may be interested. There is a potential for a strong comeback, with a key target at $30, representing a potential 500% surge from current levels.



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