Polkadot moving slowly and steadily, Bull market can spark the price

Polkadot (DOT) is one of the top stars in the crypto market currently, as it rode on the back of the current rebound to pay off its lows for the previous week. At present, it has increased 4.39 % to $33.38, its peak point in the past 7-days timeframe.

DOT is on the sidelines of the developing decentralized and smart contract-backed blockchain system which has been headlined by price moves in the last several months.

According to data from CoinMarketCap, the bulls of Polkadot are dealing around 33.10% of their All-Time High (ATH), in particular, refuse to bet on the coin as they no longer pay close attention to the claims that the protocol mainly impairs Ethereum’s dominance. Over the past year, several innovative blockchain protocols emerged and DOT was partly on the tracks with its ecosystem growth.

Polkadot Fans’ Hope: Make use of the NFT boost

Despite DOT’s moderate growth in recent weeks, there is little doubt that the fundamental digital currency technology has sufficient growth capability. When the Polkadot protocol started well at the launch of its main net, enormous price regeneration can happen if decentralized play-to-earn (DP)-scale ecosystems and NFTs arise.

For example, Solana rose massively recently because of the rapid spread of its NFTs across the network. If a comparable growth in the ecosystem and continuous Parachain activities happens, Polkadot would enjoy a new lease of life with its authentic token as the largest benefit.

DOT, during the coming bull run, is definitely aiming for breaching the current all-time high at price of $49.69 to create a new peak. If we compare DOT with its similar tokens, experts re reporting it undervalued. The speculators, after observing the solid technology behind the coin, say that DOT would see a huge surge in price in upcoming days to blast off the market.