The news article discusses the current low price of Polkadot (DOT) and its potential for future growth. The price of DOT has dropped significantly from its all-time high and is currently near its all-time low. However, there are several catalysts that could push the price higher in the long run. First, the developers are working on the Polkadot 2.0 upgrade, which introduces new concepts to the network such as increased throughput and flexible block space allocation. The first two upgrades have already been implemented, with the final upgrade set to launch soon. Additionally, there is the possibility of a spot DOT ETF approval by the SEC, which could further boost the price. The article also mentions the strong technicals of DOT, with the coin finding strong support at its current level. There are signs of a bullish pattern forming, and the price is in the accumulation phase of the Wyckoff Theory. As a result, there is a likelihood of a strong bullish breakout, with a target price of $11.90, which is about 200% above the current level.



Other News from Today