Category: DOT

Cardano, Polkadot and Four Additional Altcoins Are Set To Explode in 2022, According to Crypto Trader Austin Arnold

Cardano, Polkadot and Four Additional Altcoins Are Set To Explode in 2022, According to Crypto Trader Austin Arnold

Crypto trader and Altcoin Daily host Austin Arnold thinks six major altcoins are gearing up for massive rallies in the next year.
In a recent crypto update, the YouTube star tells his 1,040,000 subscribers that Ethereum layer-2 (L2) scaling solution Polygon (MATIC) is gaining momentum after landing a partnership with the $20 billion gambling company DraftKings.
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Crypto Traders Most Bullish on Polkadot, Solana, Polygon and 10 Additional Altcoins: Digital Asset Survey

Crypto Traders Most Bullish on Polkadot, Solana, Polygon and 10 Additional Altcoins: Digital Asset Survey

A new survey unveils that crypto traders are most bullish on 13 altcoins including Polkadot, Solana and Polygon.
The Real Vision Exchange Crypto Survey is designed to track sentiment among investors by allowing participants to scan 30 tokens and choose if they want to have an overweight or underweight allocation for each one. The survey was conducted by Real Vision Bot, which was created by two independent developers and boosted by macro guru Raoul Pal.
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Three Altcoins Now Bullish Against Bitcoin As Top Cryptocurrency Targets $60,000: Analyst

Three Altcoins Now Bullish Against Bitcoin As Top Cryptocurrency Targets $60,000: Analyst

A popular crypto strategist and trader says he expects three altcoins to sizzle as Bitcoin (BTC) pushes toward its next resistance level.
The pseudonymous analyst known in crypto circles as Capo tells his 177,400 Twitter followers that he expects Bitcoin to soon reach $60,000 before shattering $100,000 in the months ahead.
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Polkadot Price Spikes As Platform Announces Imminent Launch of Parachain Auctions

Polkadot Price Spikes As Platform Announces Imminent Launch of Parachain Auctions

Popular altcoin Polkadot (DOT) is surging after a governance vote approved bringing parachain auctions to its protocol.
The crypto recently passed a motion on their open-source governance platform Polkassembly that authorized two batches of parachain auctions for the network starting in November. The approval kicked off a rally that saw DOT rise 26% from $32.21 to $42.16 in one day, according to CoinGecko.
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Polkadot eyes breakout to $75 after DOT price rally sets up classic bullish reversal

Polkadot eyes breakout to $75 after DOT price rally sets up classic bullish reversal

Polkadot (DOT) chart technicals suggest it may rally to a new record high near $75 if DOT can manage to close above its $41-$43 range decisively.That’s according to a classic bullish reversal setup known as an Inverse Head and Shoulders (H&S) that forms when the price undergoes three selloffs during a period of market consolidation. Specifically, the pattern contains an initial selloff, followed by a short-term price rally and another—deeper—selloff. That leads to one more small correction to the upside, followed by another selloff that bottoms out near/at the lowest level of the first selloff.Inverse Head and Shoulders pattern illustration. Source: ThinkMarketsThe first and last selloffs represent “left” and “right” shoulders, respectively, while the second selloff represents the “head.” On the other hand, the level around which all the short-lived rallies top out represents the “neckline” of the head and shoulders pattern.Traditional analysts typically calculate the H&S upside target from the neckline resistance by measuring the maximum distance between it and the head formation.So it appears, Polkadot has been forming a similar bullish pattern on its weekly chart, as shown below.DOT/USD weekly price chart featuring inverse head and shoulders setup. Source: TradingView.comThe maximum distance between DOT’s neckline and the head’s bottom comes out to be nearly $31. Therefore, a successful bullish breakout above the neckline range of $41-$43 puts the next long-term target at approximately $75.Parachain Auctions coming in NovemberThe inverse H&S pattern emerged as DOT rallied by almost 30% this past week to reach a five-month high at around $44. At the core of its weekly uptrend was a price boom across the crypto market, as well as the news of Polkadot’s first Parachain Auctions going live on Nov 11.In detail, Polkadot’s Parachains are parallelized, application-specific chains — child ledgers tethered to a single parent ledger called Relay Chain. Due to their parallel nature, Parachains tend to process multiple transactions simultaneously and maintain and record their data on the main ledger by communicating with other chains.Related: Polkadot to debut parachain auctions after governance voteThat comes as a break from the method of queuing transactions and processing them sequentially.5 years after the vision of a heterogeneous multichain framework was first outlined in the Polkadot Whitepaper, parachains are now ready to launch on Polkadot. Motion 118, to schedule the first auctions, has passed council & now gone to public referendum.https://t.co/8pt3aT4vO3— Polkadot (@Polkadot) October 13, 2021DOT, which serves as a utility token for fees, governance, interoperability, and bonding inside the Polkadot ecosystem, rallied by more than 24% after the Parachain announcement.Next, Polkadot aims to introduce a cross-chain feature that would enable its relay chain to external blockchains (Bitcoin, Ethereum, etc.) via specialized smart contracts. Meanwhile, the project also plans to launch “in-built bridging modules” that would enhance the interoperability of external blockchains with Polkadot. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Bitcoin analyst 'highly doubts' return to $50K — Will the weekly close spark a correction?

Bitcoin analyst 'highly doubts' return to $50K — Will the weekly close spark a correction?

Bitcoin (BTC) challenged brand-new support levels on Oct. 14 after overnight successes took the market past $58,000 BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin “dips” to near $57,000Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it reversed towards $57,000 after hitting highs of $58,540 on Bitstamp.The moves mimicked the first time Bitcoin had attacked $58,000 in February — several attempts interspersed by consolidation, followed ultimately by a run to April’s all-time highs.Despite on-chain indicators showing that Bitcoin is a different beast in Q4, however, the mood was just as bullish this time around.”Bitcoin is most likely just continuing this grind towards the all-time highs,” Cointelegraph contributor Michaël van de Poppe wrote in his latest Twitter update. “Great bounce from $54K. Highly doubt we’ll see a retest at $50K happening.”Cementing $50,000 as support — albeit for a second time in 2021 — would form a clear signal on the market trajectory as pundits gear up for what they expect to be an explosive end to the year.For trader and analyst Rekt Capital, however, there was potential cause for concern this week. Zooming out, BTC/USD has failed to close a weekly candle above $60,000, and a repeat performance could likewise spell a copycat correction#BTC has successfully retested its Daily Bull Flag thus farBut Bitcoin is still below major Weekly resistance (red)In fact, any sort of Weekly Close below $60000 has historically preceded a $BTC retrace from these highs#Crypto #Bitcoin pic.twitter.com/n9vFaaalVM— Rekt Capital (@rektcapital) October 13, 2021That leaves bulls until Sunday to crack a historical watermark, something which may still be helped before Monday’s approval decision on a futures-based exchange-traded fund (ETF).Polkadot breakout headlines altcoin returnAltcoins meanwhile saw brief respite from weakness in the face of “Bitcoin Season.”Related: Price analysis 10/13: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LUNA, UNIThe exception was Polkadot (DOT), up 28% in a week on news that its auctions would finally begin next month — a key original feature five years in the making.DOT/USD 1-hour candle chart (Kraken). Source: TradingViewThe largest altcoin Ether (ETH) managed 5.3% daily gains, with all of the top ten cryptocurrencies by market cap trading higher on the day as Bitcoin slowed.

Four Altcoins Will Follow Bitcoin and Ethereum’s Powerful Adoption Curves, Predicts Macro Guru Raoul Pal

Four Altcoins Will Follow Bitcoin and Ethereum’s Powerful Adoption Curves, Predicts Macro Guru Raoul Pal

Macro investor and former Goldman Sachs executive Raoul Pal says four altcoins are closely following the strong adoption curves laid out by leading cryptos Bitcoin (BTC) and Ethereum (ETH).
In a new interview on Anthony Pompliano’s YouTube channel, Pal names four crypto assets with rapid network adoption trajectories that mirror BTC and ETH.
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Next Leg Up for Polkadot May Push Price 200% Up or Higher, According to Crypto Analyst Benjamin Cowen

Next Leg Up for Polkadot May Push Price 200% Up or Higher, According to Crypto Analyst Benjamin Cowen

Closely followed crypto analyst Benjamin Cowen says Polkadot’s (DOT) next leg up could have enough steam to take the smart contract platform to fresh all-time highs.
In a new strategy session, Cowen says DOT is “very, very likely” in a reaccumulation phase, forming a similar pattern to its price action in late 2020 right before it exploded from $3.00 or so to nearly $50 in a matter of weeks.
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Upcoming Milestone Could Push Polkadot to a New Record High: Coin Bureau

Upcoming Milestone Could Push Polkadot to a New Record High: Coin Bureau

The host of Coin Bureau says a highly anticipated development from Polkadot could push the value of DOT to greater heights.
The pseudonymous crypto trader Guy tells his 1.42 million YouTube subscribers that Polkadot could be ready to rise following the launch of the blockchain’s parachain slot auctions.
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Michaël van de Poppe Predicts Big Q4 for Bitcoin, Ethereum, and Three Altcoins, Tracks Cardano and Solana Trajectories

Michaël van de Poppe Predicts Big Q4 for Bitcoin, Ethereum, and Three Altcoins, Tracks Cardano and Solana Trajectories

Popular analyst and trader Michaël van de Poppe sees leading cryptos Bitcoin (BTC) and Ethereum (ETH) heading back toward all-time highs while predicting rallies for several altcoins.
In a new strategy session, Van de Poppe tells his 131,000 YouTube subscribers that he’s keeping an eye on $44,000 as a key level BTC needs to break past. He also thinks the altcoin market could be “on the edge” of a major breakout.
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