Polkadot and Cardano Will Surpass Bitcoin in Value: FD7

Polkadot and Cardano Will Surpass Bitcoin in Value: FD7

The Dubai-based cryptocurrency investment fund, FD7, believes that the value of Cardano (ADA) and Polkadot (DOT) will surpass that of Bitcoin (BTC) in the coming years. Consequently, the firm has announced that it will offload about $750 million worth of its BTC holdings and increase its exposure in ADA and DOT.

FD7 (Fall Down Seven Times) Ventures describes itself as a cryptocurrency-focused investment fund that “invests in entrepreneurs who stand up an 8th time” and has more than $1 billion in asset under management invested in several crypto assets, including Bitcoin, Ethereum, Polkadot, Cardano, and Cosmos.

The investment firm noted that it has begun to slowly phase-out $750 million worth of Bitcoin while simultaneously increasing its holding in ADA and DOT.

FD7 affirmed that this investment shift would “better serve the needs of FD7 investors who are looking to diversify their portfolios in the growing cryptocurrency space.”

Meanwhile, the fund’s Managing Director, Prakash Chand, had some not-so-good remarks about the benchmark cryptocurrency following the announcement. He said that: “Aside from the fact that Bitcoin was the first to market and society has given it meaning as a store of value, I think Bitcoin is pretty useless.”

Furthermore, he highlighted the prospects of cryptocurrencies like Ethereum, Cardano, and Polkadot, noting that they “will be more valuable than Bitcoin within the next few years.”

FD7 Lauds ADA and DOT’s Founders
In other news, the press release lauded the founders of Cardano and Polkadot, Charles Hoskinson and Dr. Gavin Wood, describing them as “two of the brightest minds working in the crypto development space today” and highlighted their contributions to the establishment of Ethereum years ago.

The fund noted that its decision to venture into ADA and DOT was based primarily on the reputation of the cryptocurrencies.

Meanwhile, Hoskinson has responded to the news via his Twitter account, saying that FD7 was welcomed to the Cardano ecosystem and that he was ready to offer technical assistance if needed.

 

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Polkadot (DOT) Price Rebounds, Aiming for Higher Breakout

Polkadot (DOT) Price Rebounds, Aiming for Higher Breakout

DOTUSD Price Analysis – February 25

With the Polkadot (DOT) price up to around 10% in 7 days and 0.24% in 24hrs, all eyes are on the coin to deliver further gains. After DOTUSD recovered from the weekly low of $25.82 level the pair looks to sustain the advance beyond the $35.54 daily high. At the time of writing DOT token is worth around $34.00.

Key Levels
Resistance Levels: $42.71, $40.13, $37.24
Support Levels: $29.34, $25.91, $23.05
DOTUSD Long term Trend: Ranging
As observed on the daily chart, after its recent pullback, the altcoin holds above the $25 level and ditches the corrective downtrend seen across the crypto board last week. DOTUSD price has recovered from the selling frenzy and is climbing higher in hopes of establishing a new uptrend.

A rise in buying pressure here could propel the DOT token to its intended target at $50. DOTUSD traders need to be aware that rejection at either $36.20 and MA 5 zone or the resistance barrier at $37.24 may be disastrous. If this occurs, DOT would re-enter the consolidation phase and slide to the 78.6% retracement level at $29.34.
DOTUSD Short term Trend: Ranging
On the 4-hour time frame, DOTUSD price continues to hover around its MA 5 and 13 while the Relative Strength Index (RSI) stays well within its midlines, both of which indicating more price consolidations which may eventually lead to an upside rally.

A test of the upside measured goal past the $36 marks remains on the cards should the bulls find acceptance above its near term MA 5 and 13 around the $35.00 level. The psychological $40 level could come into play if the bulls extend their control. Alternatively, the horizontal resistance at $37.24 could limit the upside run and cap the pair.

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Polkadot Price Prediction – 2021 and Beyond

Polkadot Price Prediction – 2021 and Beyond

Polkadot is a next-generation blockchain protocol connecting multiple specialized blockchains into one unified network. 

Similar to Cosmos, this is a multi-chain system intended to promote the connectivity and scalability of blockchains that can be linked to its “Relay Chain”.

Many modern coins have been created using blockchain technologies to solve specific problems. Polkadot, however, was founded with hopes of solving the blockchain problem itself. 

Polkadot uses a relay chain, which serves as a hub for parachutes to link and arrange consensus and for the exchange of messages and data between parachutes to be made. The tokens allow users to build or uninstall new parachutes.

The network and the approved blockchains will both be linked to the system. The possibility is that the chains will be separated from the rest of the system and that the data can be transferred to other structures and the network security can be strengthened. 

At some point in time, Polkadot rose to recognition by becoming the fifth largest blockchain when DOT hit ATH, which happened in mid-January 2021.

Gavin Wood, who is a co-founder of Ethereum, first introduced Polkadot to the market in 2016.  

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How does Polkadot (DOT) work?

The mechanism of game theory for good behaviour (GBG), which Polkadot uses works by rewarding good behaviour and sanctioning a bad one, thus making the experience much easier to understand. This is an important element that helps to promote autonomy within the network. 

The environment does not have any miners so it works by choosing to use a specific algorithm. This helps the owners to monitor special occasions better and makes their experience less prone to causing headaches. 

A few significant updates have been revealed to be made later on the platform. Interestingly, one of them involves a decision to alter the design of the chain.

The Polkadot digital currency (DOT)

The native currency of the Polkadot digital currency platform is known as the DOT. This cryptocurrency excels in its ability to offer solutions to issues within the network:

  • Parachain: Short name for “parallel chains”. These separate blockchains will work through the Polkadot network, in parallel.
  • Relay circuit: All individual blockchains will be connected to this main Polkadot circuit.
  • Chain Bridge: Chain bridges are explicitly designed to compatibilize the Polkadot ecosystem with other existing blockchains like Bitcoin, Ethereum and others. 

The course is very dynamic

During the first ICO, a single coin was valued at about $30 but later the price moved up at around $6 when the digital currency found itself being issued formally. Later along the road, it experienced a sudden fall that ended up lowering its value to $2.81. Nevertheless, a large number of new tokens were produced during the redomination period. This fact ended up causing Polkadot to formally introduce itself to the top 10 cryptocurrency chart as the redomination period ended up triggering a sudden jump in its price. 

There are key elements that are considered to play a major role in favour of cryptocurrency. The Polkadot protocol scales at a steady constant pace and as such, it doesn’t directly compete with Ethereum, which as a result can solve the problem with the high fees of Ethereum.

In recent weeks, in terms of projects and price, DOT has experienced a major increase, so to speak. Data that was collected from PolkaProject indicates that the Polkadot ecosystem boasts about 197 projects in its network. Another very important fact is that Polkadot, as far as smart contracts go, it has established itself as one of the best developers in this field.

What are the Advantages and Disadvantages of Investing in Polkadot?

Well, as cryptocurrency trends are seeing major shifts in respect to new digital currencies that offer better performance compared to the older ones, Polkadot is definitely noted as an astonishing part of the competition. People who are looking to invest in other well-known cryptocurrencies on the market such as BTC or ETH, can still benefit from DOT as a very valuable substitute. 

Gavin Wood excelled with his idea behind the currency and made sure that its technology stands its own ground against major competitors such as Ethereum, and frankly, it proves to be so much better. Being a scalable network that depends on a relay chain system, DOT saw the crypto market increasingly getting more and more interested in the coin. 

When considering the major advantages, there are still some important disadvantages that you should be aware of…

Polkadot, as a new up-and-coming project was met with some significant struggles along its path to stardom. One of them is definitely the fact that its technology is considerably more sophisticated which made the DOT framework harder to understand at first for users who came upon the technology of ETH or BTC. However, perhaps the toughest challenge is making Polkadot interoperable with other competitors in the cryptocurrency market. Users are required to create a bridge to the chain, in order to be able to pass Bitcoin or Ethereum, which further complicates the process which otherwise should have been easy. 

The lack of data on Polkadot is another significant problem as it makes the process of price predictions almost impossible to be carried out due to the volatility. Even though DOT is regarded as stable at the moment, it could prove very difficult to predict the prices because of these minimal graph information as the digital coin is still in its early days.

Polkadot (DOT) 2021 price predictions

According to Coinmarketcap Polkadot price at the moment is $36.50. 2020 has been a great year for Polkadot as cryptocurrency has experienced a significant increase. Forecasters are optimistic when predicting the Polkadot price for 2021. According to Digitalcoin Polkadot may reach as high as $260.61.

Polkadot price prediction chart for 2021. Source: Digitalcoin

Longforecast is optimistic also predicting that the Polkadot price may reach as high as $248.57 in 2021.
Walletinvestor also has a positive approach when forecasting the Polkadot price for 2021. 

Polkadot 2022, 2023, 2024, 2025 and 2028 price predictions


According to forecasts, Polkadot is expected to increase in price in the following years. Digitalcoin predicts that Polkadot may reach as high as $471.12 in 2022. Longforecast has a more conservative approach when predicting Polkadot price in long term. 

Digitalcoin is even more optimistic when making its prediction for 2025 forecasting that the DOT price may reach up to $125.38. Moreover, according to Digitalcoin, Polkadot may experience an increase all the way to $1974 in 2028. 

Moreover, experts are mostly assuming that in the near future the DOT token will hit a high price. Spartan Black, a major Asian crypto fund, thinks that Polkadot (DOT) already has an opportunity for revenue and will soon be seeing itself as one of the top three cryptocurrencies by market capitalization. 

There are also “overly optimistic” predictions such as the one from the famous Crypto Youtuber BitboyCrypto who predicts that Polkadot price may hit $326 in this bull cycle in 2021. 

Should You Invest in Polkadot? – Final Thoughts

Ultimately, you may ask, is investing in DOT worthwhile? In the DeFi and cryptocurrency sectors, Polkadot is increasingly gaining momentum. Polkadot ventures rapidly achieve high value due to fast integration and broad aggregation. Polkadot has a dedicated team behind and a clear vision for its future goals. Moreover, according to the forecast mentioned above, Polkadot is expected to increase in price in 2021 and in the coming years, which make it a good investment option.

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Have you invested in an extremely rare opportunity of a lifetime?

Have you invested in an extremely rare opportunity of a lifetime?

The Next “Buzz Word” Altcoins
Last month, the Bloomberg Galaxy Crypto Index was at 1414.37, following a low of 217.82 in early March. BTC had made a new high yesterday at $51,630.86. Today (February 17) and the index was at 2,295.61. That’s a huge gain for one month.

Let me put this into perspective. In late 2017, I said that cryptoassets were the biggest institution revolution since the Industrial Revolution and that they represented the investment of a lifetime. Institutions, however, were not ready or capable of participating in that revolution so they “pooh-poohed” it. The SEC decided that most altcoins were securities which precipitated a huge bear market. By the end of 2018, cryptos had undergone an 85% decline and BTC hit a low price of $3,236.76 on Dec 15, 2018. But then look what happened.
BTC was up 92.71% in 2019
It was up 305.94% in 2020
And it’s up 75.42% in less than 50 days of 2021….

What did I say in 2018? There was actually a period from October through November last year when I made over $3 million in 7 weeks. Cryptos are the investment of a lifetime.

While BTC could go up another 10 fold in the long run, I doubt that it will go much over $100,000 this year…. But the opportunity of a lifetime is not over because now the altcoins are starting to move. Here are a few examples, and this is just the movement in 2021.

BNB 289%
ETH 144%
LINK 178%
SNX 215%
AAVE 397%
CND 145%

And remember those gains are just from the 48 days of 2021….

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Update on Cryptoassets
I think that there are a number of altcoins that could go up 10 times or more during the rest of 2021. Now we might have a decline of 40% or more during the year, but it probably will be short-lived with a very quick recovery…
BTC was up 92.7% in 2019, 305.94% in 2020, and in the first six weeks of 2021, it’s up 74.22%. Let’s contrast that with the other hedge against the USD and disaster, gold. Gold was up 20.94% in 2019, up 18.32% in 2020, and it’s down 5.1% so far in 2021. The path of safety is now BTC.

Gold has about 10 times more market cap than cryptos right now (even though cryptos are now over a trillion for the 1st time). If all of the money in gold went into BTC, BTC’s price would be about $370,000…

People talk about BTC being volatile and risky. But where can you find something that has made over 1,000% in 3 of the last 11 years, over 100% in 8 of them, and had only two losing years? There is only one other place than BTC with anywhere near equal performance – other cryptoassets.
If you had bought BTC at the beginning of 2012 (well, not at the very beginning), you would have turned $1,000 into more than $7.1 million (up $4.5M last month)…

Remember these are 30-day percent gains. This is probably the easiest market possible to make a lot of money. You could, however, just as easily enter a position and immediately have a 25% drawdown – which could cause you to exit and then miss out on some nice gains. If you don’t have strong beliefs about cryptos like I do, crypto volatility will test you…

This newsletter makes no recommendations about cryptos but is a free service… I personally own positions in most of the cryptos mentioned in this newsletter.

Author: Van K. Tharp, PhD

Note: This article was culled and abridged from a monthly cryptos update by Dr. Van Tharp. The full article can be accessed here.

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DOT/USD Retraces to $30 Support, Resumes Upside Momentum

DOT/USD Retraces to $30 Support, Resumes Upside Momentum

Key Resistance Levels: $35, $37.50, $40
Key Support Levels: $25,$22.50,$20

DOT/USD Price Long-term Trend: Bullish
The cryptocurrency is in a smooth uptrend. DOT price is making a series of higher highs and higher lows. The coin is currently making higher highs at a price of $32.50. The altcoin is retracing from the recent high. The recent price fall was a result of the overbought nature of the coin. The RSI is indicating that the price has not enough room to rally on the upside. The uptrend will resume as long as price is above the SMAs. Today, the price has retraced and found support above $30. The upward move will resume if the current support holds. On the upside, if price breaks the current resistance the market will rise to the next target price of $45.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
A bullish trend line is drawn showing the support levels of price. The uptrend will continue if price retraces and bounces above the trend line. Conversely, if price breaks and closes below the trend line, the uptrend is likely to be terminated. DOT is at level 74 of the Relative Strength Index period 14. This indicates that the pair is in the uptrend zone.

DOT/USD Medium-term Trend: Bullish
On the 4-hour chart, the pair is in an upward move. On February 13 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the DOT price will rise to level 2.618 Fibonacci extensions or the high of $45.12 .

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The altcoin is currently below the 40% range of the daily stochastic. It indicates that the pair is in a bearish momentum because of the earlier price fall. The SMAs are sloping upward indicating an uptrend.

General Outlook for Polkadot (DOT)
The cryptocurrency upward move is ongoing as price finds support above $30 support. According to the Fibonacci tool, the market will rise to level 2.618 Fibonacci extension. That is a high of $45.12.



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Polkadot Price Analysis — February 2

Polkadot Price Analysis — February 2

21Shares, one of the world’s largest cryptocurrency exchange-traded products (ETPs), is releasing the very first Polkadot (DOT) ETP. The company announced earlier that the new product might get listed on the Swiss SIX exchange on February 4, 2021.

The new ETP is coming just after Polkadot got added to 21Shares’ top ETP product Crypto Basket ETP (HODL) on January 29. HODL, which tracks five top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), has now removed Bitcoin Cash (BCH) from its listings and is replacing it with Polkadot as the second-largest constituent after Bitcoin.

According to a report from MVIS Indices, Polkadot now makes up 27% of all ETP, while BTC accounts for about 50% of the product.

According to a 21Shares spokesperson, the company has no say in the addition or removal of assets from the HODL ETP. The spokesperson noted that this responsibility is reserved for MV Index Solutions.

21Shares noted that the addition of Polkadot to its Crypto Basket ETP makes it the “perfect timing to add single asset ETP to the already wide range of crypto ETPs” offered.

CEO of the company, Hany Rashwan, asserted that the company remains devoted to fulfilling the demand seen from institutional investors.

DOT is a next-generation blockchain protocol, linking several specialized blockchains into one network. A few days ago, the cryptocurrency surpassed Ripple (XRP) as the fourth-largest crypto based on market cap. However, XRP has since reclaimed the spot.

At press time, DOT is trading up by about 80% in its year-to-date high.

DOT – 4-Hour Chart

Key DOT Levels to Watch — February 2

Polkadot has been range-bound for the past few days between the 17.66 resistance to the 15.70 support. The cryptocurrency attempted another go at the 17.66 resistance some hours ago but failed to break above, once again.

That said, DOT could continue on its range-bound momentum in the coming days, considering that volatility is beginning to fade. Nonetheless, a fall below 14.80 seems very unlikely in the meantime, indicating that Polkadot could remain in its 17-day range between 18.90 and 14.80.

Meanwhile, our key resistance levels are at $17.66, $18.42, and $18.90. While our key support levels are at $16.44, $15.70, and $14.80.

Total Market Capitalization: $1.06 trillion

Polkadot Market Capitalization: $2.49billion

Polkadot Dominance: 0.23%

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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