OPINION: Analysts Predict Huge Upside Potential for Polkadot (DOT)

Despite Polkadot's (DOT) recent 14% decline and current price around $7, some analysts believe that DOT has huge upside potential in the future, according to CryptoPotato. This potential bull market is dependent on technological advances and a breakout of certain support areas. Blockchain protocol Polkadot has undergone many developments recently, attracting the attention of many industry players. Despite these advances, its homegrown cryptocurrency, DOT, has underperformed over the past month, dropping 14% and currently trading around $7. X user Dippy. eth praised Polkadot's recent progress and offered a bullish prediction for the token. He further described DOT as a "sleeping giant" that is poised to explode by 60% in the short term and rise sharply in the long term. Other analysts predicting a bright future for DOT include CRYPTOWZRD and Jake Gagain, who believes the asset has the potential for a "volcanic eruption" if it can break out of the important $9.60 resistance zone. The latter predicts a new all-time high sometime in 2025. X-user Michael van de Poppe, who has more than 700,000 followers, is more bullish. He emphasizes Polkadot's "fundamental progress" over the years and has joined DOT as an investor.