Polkadot DOT Price Poised for 169 Surge Amid Technical Strength and ETF Filing

Coin WorldSaturday, Mar 8, 2025 10:52 am ET

1min read

Polkadot (DOT) has been in a consolidation phase for the past three years, with its price trading at $4.35 on a recent Saturday, marking a significant decline from its peak in 2021. Despite this, there are several reasons to believe that the DOT token may soon experience a surge in value.

The first reason is the strong technical indicators observed in the weekly chart. The Polkadot price has found a robust support level at $3.742, successfully resisting attempts to drop below this level multiple times since 2024. This pattern suggests the formation of a quadruple bottom with a neckline at $11, indicating a potential 169% surge from the current price. Historical data shows that several cryptocurrencies, including Bitcoin, Solana, and XRP, have experienced similar parabolic rises to their all-time highs.

Another potential catalyst for the Polkadot price surge is the filing of a spot Polkadot ETF by 21Shares and Grayscale with the Securities and Exchange Commission (SEC). The current SEC leadership, under the Trump administration, has shown a more collaborative approach with the crypto industry compared to the previous era. This shift in policy increases the likelihood of approval for a spot DOT ETF, which could lead to significant inflows of investment.

Additionally, the recent executive order signed by Donald Trump to create Strategic Bitcoin Reserves (SBR) and a stockpile of digital assets presents another opportunity for Polkadot. The order identifies several coins, including XRP, Solana, and Cardano, for inclusion in these reserves, with the possibility of adding other valuable coins. Polkadot, founded by Gavin Wood, a key member of the Ethereum founding team, and its ecosystem of parachains like astar, Acala Network, Moonbeam, Efinity, and Centrifuge, make it a strong candidate for such a fund.

Finally, the upcoming Polkadot 2.0 upgrade is expected to enhance the network's accessibility and functionality. The upgrade includes the Join-Accumulate Machine (JAM), which will improve scalability, flexibility, and decentralization. JAM features decentralized supercomputing, parallel processing, and permissionless deployment, making it easier for developers to build without the costly and time-consuming parachain auction process. The introduction of the

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