The 12th largest cryptocurrency in the world, Polkadot (DOT), is an open-source blockchain that provides interconnectivity and interoperability between blockchains. It enables cross-chain transfers of data or assets between different networks with no third-party interference.
Since the price of DOT has been in decline in the last seven days, we will make sure to include also the two cryptocurrencies that are making quite a splash among investors these days – TAMA and IMPT!
DOT Price Prediction
Before going deeper into the analysis regarding the position that Polkadot has on the market, let’s first take a look at the price prediction table:
With its innovative blockchain technology, Polkadot has created a new way for crypto projects to interact with each other. This will help make the industry more efficient and effective by solving one of its biggest hurdles – an effective way of interacting among the exciting projects that exist in the crypto market. Polkadot, together with its native token called DOT, enables businesses worldwide to enjoy interoperability that makes their jobs a lot easier. This is the reason why Polkadot has established its place among other cryptocurrencies and enjoys enormous popularity.
However, the reason why it may be a little out of focus for many investors lately is its price. The price of DOT started going down in November last year, and there have been some positive moments during the previous three months. However, the price dropped again around September 15th, which started being a cause of concern for many investors. There was a price spike a few days ago that gave investors hope that there could be some progress, but it started dropping again. When we look at the price today, it is $6.22, with a 6.34% price increase in the last 24 hours, which is a hint that things could improve.
What is the future of DOT?
Polkadot is an ambitious venture that has attracted investments from some well-known organizations. These include Arrington ARP Capital, BlockAsset Ventures, and Blockchain Capital, to name just a few; it even reached out to Three Arrows’ investment fund for help with its development process, all with the intention of outperforming Ethereum.
Experts from Crowd Wisdom believe that Polkadot has the potential to rise to $25 and above by the end of 2022. They also point out how it is popular on social media, with its trading volume rising in recent days, which can be a promising sign for future success.
However, the volatility of DOT is why many investors choose to invest in other projects on the market that have more stability and potential for growth. TAMA’s price was on the rise yesterday, which is why many investors started paying more attention to it, seeing an incredible opportunity for growth and earning in the upcoming period. Also, there is a presale of IMPT tokens, and considering that $4.3 million have already been raised, it is clear that this is a project that investors must pay attention to.
TAMA stands strong on the market
TAMA is a token that can serve as a ticket to the world where you can mint your own pets, breed, and train them for battles. The gateway token to this thrilling universe can serve as the perfect means of playing with friends or becoming a top player on the leaderboard every month! The Tamadoge ecosystem is so powerful because it has a play-to-earn mechanism, games that are fun, and NFTs. The ultra-rare auction of NFTs made this platform more appealing than ever.
TAMA’s performance has been quite good ever since it appeared. The fact that it is now listed on OKX, LBank, and MEXC gives it even bigger outreach and popularity. It certainly reflects on its price since TAMA’s value today is $0.04066844. The transparent roadmap and a clear plan ahead attract lots of investors to come and join and get their portion of TAMA tokens. Considering the price predictions of any experts who believe that TAMA’s price will pump up to 30x in the near future, it becomes clear why it is on the radar for most investors out there.
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IMPT presale is the biggest one happening now
IMPT is one of the most important presales happening right now, and despite the fact that the presale started on October 3rd, it is progressing quickly. This project is very important because of the goal it has behind it, which is reducing its carbon footprint and connecting the people who want to be a part of it. The investors will be able to buy and sell but also retire carbon credits by using the IMPT platform. The fact that there is such a noble goal behind it to make it easier for the people to join and hit two birds with one stone – do something for the planet and earn while doing it.
It is planned to have this presale finished on November 25th, but it will probably be long over before this date. At the moment, the tokens can be bought at the price of $0.018. This price will soon be increased during the second stage to $0.023. There will be a third price increase in the final presale stage, and it will be $0.028, which is why anyone interested in taking part in this presale should act fast before this discounted price goes up!
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No matter if you are an experienced investor or just dipping your toes to see how successful you can be in investing, it can be equally confusing to decide on your next step. Hopefully, our article will help you understand better the position of DOT cryptocurrency and the reasons why it is better to invest in TAMA end IMPT right now. If you wish to invest, you better hurry up before the price goes through another spike!