However, some analysts are confident that DOT will overcome its challenges and rise to new heights. One popular trader who has unlocked the token's potential is user X, Wolf of Altcoins, who has hundreds of thousands of subscribers.
This enthusiast has put #DOT at the top of the list of cryptocurrencies worth buying at the moment. Other notable #altcoins in this club include #Cardano (ADA), Arbitrum (ARB), Kaspa (KAS), Uniswap (UNI), and Chainlink (LINK).
Traders who see the current drop in DOT prices as an opportunity to buy on the dip include FLASH and Michael van de Poppe. They recently added this asset to their portfolio.
According to prominent analyst and trader CRYPTOWIZARD, Polkadot's native #cryptocurrency is facing a "volcanic eruption. " He suggested that if the price overcomes the key resistance level of $9.60, it will grow by 80%.
CryptoYodda believes DOT could hit a two-year high of $20 this summer, while cryptocurrency creator Jake Gagain is even more optimistic. He expects DOT to hit $47 next year (just short of its all-time high).
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