Polkadot price prediction 2021: Can the crypto reach $100?
POLKADOT is one of the newer cryptocurrencies to hit the market - and it's proved popular with investors.
Its value has fluctuated so far in 2021, but it's currently up by 360% since January 1.
Whether it increases further remains to be seen, but experts and fans are optimistic in their price predictions.
However, investors must know that putting cash into isn't a guaranteed way to make money - and you may actually lose it all.
Cryptocurrencies are even more risky than other investments due to their high volatility.
In other words, you should never put money into something you don't understand or more than you can afford to lose.
There's no guarantee that you can convert cryptoassests back into cash either, as it may depend on the demand and supply in the existing market.
What is Polkadot?
The Polkadot project was founded in 2017, but the cryptocurrency only launched in May last year.
It allows cross-chain transfers of any type of data or asset, not just tokens, making a number of blockchains interoperable with each other.
The site isn't as optimistic as WalletInvestor though, and expects the price to be just $86.21 by the end of 2033.
In comparison, expects the crypto to hit a value range of between $97.70 and $121.26 in December 2023.
Mr Butler said Polkadot has "the potential to grow significantly" thanks to new projects continuing to join the network.
However, as with any cryptocurrency, it could also dive, which will generally depend on the success of the wider cryptocurrency market.
Mr Jobson added: "The mechanics of the network is certainly intriguing, but like all cryptocurrencies, Polkadot’s success is dependent on large scale adoption and the strength of its systems.
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"It still has a long way to go to prove that its model works."
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