$DOT
Polkadot 2.0 Set for Q1 2025: DOT Price Rises on Upgrade Hype Means Minimum Price For Polkadot in 2025 will Be $500.
Recently, Polkadot has gained a lot of attention from developers for its ability to work with other networks. It is also considered one of the best utility tokens of the year and is good for development and community involvement, based on our previous report. However, despite these achievements, the network has struggled with limited scalability over the past few years.
The upcoming Polkadot 2.0 upgrade has the potential to address these issues by enhancing scalability and accessibility within the blockchain ecosystem. A successful rollout of this upgrade could not only attract a greater number of decentralized applications (DApps) but also positively impact the market outlook for DOT, Polkadot’s native token.
Key Features of Polkadot 2.0
According to Parity Technologies, the upcoming upgrade will feature three key components: Async Backing, Agile Coretime, and Elastic Scaling. While the first two have already been integrated into the network, development on Elastic Scaling is actively progressing, with a projected launch set for Q1 2025.
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