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

Carefully adopted crypto analyst Benjamin Cowen says Polkadot’s (DOT) subsequent leg up might have sufficient steam to take the sensible contract platform to recent all-time highs.

In a brand new technique session, Cowen says DOT is “very, very doubtless” in a reaccumulation section, forming an identical sample to its value motion in late 2020 proper earlier than it exploded from $3.00 or so to just about $50 in a matter of weeks.

 

“My hypothesis, doubtful as it could, is that this vary right here is simply easy reaccumulation which is able to inevitably take us to greater ranges. I might additionally speculate that the subsequent transfer ought to be capable of get us over the $100 mark. I’m sincerely hoping it might get us over the $200 mark as effectively and perhaps even past. Let’s simply take it one step at a time.”

With Polkadot’s present worth of $36.70, a transfer past $100 represents a possible upside of about 200%.

Cowen provides that he’s not anticipating a market cycle prime within the subsequent couple of months. As a substitute, he thinks the crypto markets nonetheless have loads of time to run and that Polkadot will play a big half in it.

“I do suppose Polkadot is a good mission, and I do suppose it has a job to play on this cycle. Once more, I don’t suppose this cycle is sort of over. I do know lots of people are calling for a cycle peak in a few months. I don’t suppose that’s the case. I might be mistaken, and we’ll have to check out the market on the time, however I don’t suppose the market cycle peak is coming in a few months. I feel we’ve a methods to go, and I might say that Polkadot is among the prime cash in my portfolio…

Now keep in mind, breakouts don’t must happen instantly. We will nonetheless be on this vary for weeks or months to return, however that’s not even the purpose. The purpose is that phases like this often must be thought of alternatives and as soon as the breakout occurs, everybody seems again and desires they may’ve acquired in at a cheaper price.”

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The post Next Leg Up for Polkadot May Push Price 200% Up or Higher, According to Crypto Analyst Benjamin Cowen appeared first on Binance.

Carefully adopted crypto analyst Benjamin Cowen says Polkadot’s (DOT) subsequent leg up might have sufficient steam to take the sensible contract platform to recent all-time highs. In a brand new technique session, Cowen says DOT is “very, very doubtless” in a reaccumulation section, forming an identical sample to its value motion in late 2020 proper
The post Next Leg Up for Polkadot May Push Price 200% Up or Higher, According to Crypto Analyst Benjamin Cowen appeared first on Binance.Alt coinsAlt coins – Binance

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