DOT has the potential to grow to $ 50 to $ 60 by Q1 or Q2 of 2022, according to KOL Benjamin Cowen
Renowned analyst Benjamin Cowen defines some realistic expectations for Polkadot (DOT) for 2022.
In one Strategy meeting Cowen re-examines the DOT / ETH pair to measure altcoin strength. According to him, DOT had at least bullish and bearish moves against Ethereum, unlike many altcoins, the price of which is slowly falling.
“What, of course, has to be observed and carefully observed is the DOT / ETH rating. The most important test of a good altcoin now is that it fluctuates at least against Ethereum at the macro level. If it can’t fluctuate against Ethereum, what’s the point? You take more risk with less reward. So there is still hope for DOT. ”
DOT / ETH. Source: Benjamin Cowen
The analyst says that while DOT’s price development was no longer as impressive as it was in early 2021, the interoperability chain is finally forming a bullish structure in the long run. Cowen said the new all-time high could actually be broken in the first or second quarter of next year.
“In the past few months, DOT has not done as well as some of the other Layer 1s. But at the macro level, it sets higher lows. Really, this seems to be getting the DOT on a slow uptrend all the way to around $ 50-60 …
I mean it could take a while even if Bitcoin stays relatively bullish. It could be quite a while before DOT returns to these levels, maybe Q1 or Q2 / 2022 …
I expect DOT to stay on an uptrend and eventually break out to all-time highs as we go deep into 2022. ”
DOT / USD. Source: Benjamin Cowen
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DOT has the potential to grow to $ 50 to $ 60 by Q1 or Q2 of 2022, according to KOL Benjamin Cowen
Renowned analyst Benjamin Cowen defines some realistic expectations for Polkadot (DOT) for 2022.
In one Strategy meeting Cowen re-examines the DOT / ETH pair to measure altcoin strength. According to him, DOT had at least bullish and bearish moves against Ethereum, unlike many altcoins, the price of which is slowly falling.
“What, of course, has to be observed and carefully observed is the DOT / ETH rating. The most important test of a good altcoin now is that it fluctuates at least against Ethereum at the macro level. If it can’t fluctuate against Ethereum, what’s the point? You take more risk with less reward. So there is still hope for DOT. ”
DOT / ETH. Source: Benjamin Cowen
The analyst says that while DOT’s price development was no longer as impressive as it was in early 2021, the interoperability chain is finally forming a bullish structure in the long run. Cowen said the new all-time high could actually be broken in the first or second quarter of next year.
“In the past few months, DOT has not done as well as some of the other Layer 1s. But at the macro level, it sets higher lows. Really, this seems to be getting the DOT on a slow uptrend all the way to around $ 50-60 …
I mean it could take a while even if Bitcoin stays relatively bullish. It could be quite a while before DOT returns to these levels, maybe Q1 or Q2 / 2022 …
I expect DOT to stay on an uptrend and eventually break out to all-time highs as we go deep into 2022. ”
DOT / USD. Source: Benjamin Cowen
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
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