DOT over $100? – Polkadot And Oryen Price Predictions

By October 22, 2022Polkadot
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Polkadot is a unique blockchain that acts as an intermediary to facilitate the transfer of data and assets between different, otherwise incompatible blockchains.

Instead of one universal blockchain, the Polkadot ecosystem is host to a universe of blockchains, which run parallel to each other but are interoperable. As a result, the so-called Parachains reduce friction and increase scalability.

In fact, an upcoming update is expected to increase the transition per second (TPS) to anywhere from 100,000 to 1,000,000.

The native token of the ecosystem is DOT, which is used for governance and validation purposes and is currently the 12th biggest cryptocurrency by market capitalization. At press time, DOT is trading for $5.80, with an almost 5% decrease in the last 24 hours.

However, 2021 ended great for Polkadot, with an All-Time High of $55 in November. Since then and significantly affected by the crypto crash, a sharp decline followed to current levels around the $6 mark.

Price Prediction

With the Ukraine-Russia conflict and the general crypto crash in 2022, Polkadot’s value has since drastically suffered. However, the peculiar ability of DOT to communicate between blockchains makes it one of the most eyed cryptocurrencies.

As a result, optimistic analysts predict a maximum price of $39.85, while more conservative experts forecast a median price of $11.21 by early 2025. Additionally, looking eight years into the future, highly speculative forecasts predict that DOT will change hands in 2030, starting at $35 to $121.79.

Please note that eight-year predictions remain speculative due to the extended timeframe and changing market situations. Hence, investors should always conduct their own research before investing.

Portfolio Diversification

Even though DOT’s short-term outlook is bearish, the long-term future for the interoperable blockchain is extensively optimistic. In this case, experts strongly advise diversifying funds into other DeFi projects to mitigate risks and increase the balance sheet’s short- to medium-term returns.

Oryen Network is an increasingly mentioned project with established altcoins, such as Polkadot. The utility-rich auto-staking platform features the native currency ORY, used for governance and staking.

The Oryen team recently announced raising funds via an initial coin offering (ICO) and has already collected more than $200,000 in the first few days.

Given these numbers, it is likely the platform’s proprietary Oryen Autostaking Technic (OAT) and the hassle-free approach of staking is well-received and sought-after by investors. In fact, holding ORY tokens makes user interaction to stake obsolete. So instead, the OAT feature takes care of that, and all investors have to do is buy and hold the token.

Unique to Oryen is the guaranteed APY of 90%, which boils down to a precise 0.177% daily return on investment. In addition, a treasury further backs the guaranteed yield to mitigate low-volume periods and increase the platforms’ sustainability.

Final thoughts

Polkadot (DOT) is an excellent investment that will turn profits by 2025 latest. However, given the extended timeframe on life-changing returns and the general idea that diversification is critical, experts recommend additionally acquiring cryptos like Oryen Network (ORY) will do the portfolio well.

Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.

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