Polkadot (DOT), currently the 15th-largest cryptocurrency by market cap, has seen its price drop 5% in the last 24 hours, since the new bearish wave overtook the market. However, recent predictions claim that DOT has a chance to skyrocket, based on certain key signals.
Polkadot Is Gearing Up For A Major Rally
Polkadot has been among the major cryptos for years, but its recent price performance has been somewhat underwhelming. Even so, the experts have noted that the project’s weekly chart indicates that DOT could see a substantial rise to $32 if certain conditions are met.
Given that the coin’s price currently sits at $4.36, pushing it to $32 would mean a massive price surge that could send DOT skyrocketing, and likely allow it to enter the list of the top 10 largest cryptos.
The experts noted that DOT’s weekly timeframe indicated a critical support level, placing the coin on the brink of breaking out of a falling wedge. The combination of a falling wedge and a strong historical support has set the stage for a potential rally. The presence of a falling wedge suggests that an asset’s price is likely to rise after breaching the upper boundary of the pattern.
For DOT, that means that it can see a major surge if it maintains support and successfully enters the upper region. However, the downside is that DOT could possibly go the other way around as well, and hit a new all-time low if it falls below $2.
Right now, DOT finds itself in a risky position with an unclear future. With all the surrounding uncertainty, those unwilling to take chances and risk their money should consider turning to an alternative investment, such as Base Dawgz (DAWGZ).
BUY DAWGZ BEFORE ITS PRESALE ENDS
Last Chance To Join The DAWGZ ICO
Base Dawgz is a new dog meme coin created on the Base blockchain, and while it is still in the presale stage as of the time of writing, its ICO will end within only a few hours. The time to join its ICO is very short, but those who wish to buy an extremely high-potential meme coin can still make it if they act quickly.
Base Dawgz was created to be a multi-chain meme coin that will launch simultaneously on Ethereum, Base, Solana, Avalanche, and BSC — the crypto industry’s largest and richest chains.
Each of them has its own unique benefits and opportunities, and by holding DAWGZ, you can easily move the money from chain to chain without converting crypto, using stablecoins, wrapped tokens, or other means.
Its goal is to establish interoperability between these blockchains using a decentralized meme coin, bringing the Web3 future one step closer to becoming a reality. Its ICO raised over $3.1 million after the investors recognized its potential, but, as mentioned, it will only last for a few more hours.
JOIN THE DAWGZ ICO BEFORE ITS PRICE BLOWS UP
Those who wish to buy DAWGZ before it goes live and likely sees a major price boost can still do it with ETH, USDT, BNB, USDC, BUSD, AVAX, and SOL.
Right now, its price is at $0.008173, but once it enters circulation, anything can happen.
