Polkadot in 2022
There are a lot of questions from the DOT community, especially concerning the upcoming developments. So, what does 2022 hold for the Polkadot Ecosystem?
Of course, one of the major things to expect from Polkadot come 2022 is the growth of its Defi. Since the network ended 2021 with nearly 400 projects, investors can expect more new projects in 2022. Polkadot may get dozens or even hundreds of new projects.
Projects already live like Moonbeam, Acala, Kilt Protocol, Ocean Protocol, Darwinia, and Kusama also have high prospects in 2022. Due to their use cases, they can gain massive TVL in 2021 and grow further.
More expectations come from the project’s social media growth. Today, Polkadot has over 1 million Twitter followers. As the number of Polkadot-based Defi projects increases, expect to see more followers and a larger community.
Polkadot is one of those projects termed Ethereum Killers. There are other projects like Solana and Cardano, also termed Ethereum killers. So, which of the projects will stand out at the end of 2022.
While Polkadot is trying to kill Ethereum, the latter solve its issues. Ethereum will be merging its beacon chain in mid-2022, according to various reports. When Etherum provides the solution, won’t it kill the likes of Polkadot? Indeed, the crypto world is growing, and there will be space for all those projects, but it will be interesting to see which of those will top.
The developments highlighted above will affect the Polkadot ecosystem. But, how will those developments impact prices?
Polkadot Technical Analysis and 2022 Price Prediction
When writing this report, DOT traded in the markets at merely $28. It was actually in a short downtrend, having dropped from its 24 hour high of about $29. Some experts do not anticipate large changes in DOT prices. Some set their price prediction at merely $30 at the end of 2022. On the other hand, FX Streets experts believe that Dot will rally to $82 in mid-2022, opening it to further gains towards the end of 2022.
However, the trading view technical analysis indicates the possibility of an excellent 2022. The prices have been recently dropping since some investors may have lost confidence. Tradingview indicates an intense sell situation in the markets. Also, when writing this, the DOT value was close to its 200 day moving averages, but things might be better come 2022.
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