Experts say that 2023 will be a huge year for Polkadot’s altcoin project “DOT”, not memecoins like DOGE. This is why Polkadot is one of the cryptocurrencies to watch out for. Many crypto experts are very optimistic about Polkadot. They also say that investors should follow the altcoin project. Expectations are that Polkadot will see massive growth this year…
Not DOGE, this altcoin is one of the most liquid assets
Although DOT is not performing well for now, crypto experts believe this is the best time to buy. The altcoin is considered one of the best tokens and safety nets to include in your portfolio for the next year. Although Polkadot has lost value recently, it is still one of the best cryptocurrencies in terms of attracting investor attention. Because it is also one of the popular liquid assets in hedge fund portfolios. Indeed, there is a growing demand for Polkadot. In addition, 2023 is seen as the period when the potential for rise will be highest. In fact, as it stands now, many top investment companies and even hedge funds are creating a Polkadot basket.
Polkadot has dropped nearly 0.9 percent in the last 24 hours. However, its price dropped as low as $4.33. Looking at it, it seems that the bearish trend experienced by DOT continues. This pullback is attracting investors. So investors can go on a DOT investment spree. On the other hand, DOT’s technical indicators point to some bullish action as its volume hit a new low as recorded on Dec. 25. Still, it is now slowly recovering from collapse.
Environmentally friendly cryptocurrency
DOT’s market capitalization shows that bears still dominate the market for December, but its market cap has increased by $100 million overnight, and it looks like an accumulation. Meanwhile, Polkadot, along with Cardano and Algorand, is among the most environmentally friendly cryptocurrencies, according to a new analysis by crypto analysts. Polkadot ranks as the fourth most environmentally friendly cryptocurrency with annual carbon emissions of 50 tons.
It is worth remembering that DOT has experienced a massive decline of 83.8 percent in the last year. However, as we have reported as Kriptokoin.com, other cryptocurrencies in the market have decreased at approximately these rates in the last year. Altcoin price has lost about 2.8 percent in the last week. DOGE, on the other hand, is trading at $0.069759, down 1.5% in 24 hours.