Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Polkadot Forum => Topic started by: Malam90 on January 17, 2021, 01:59:23 PM
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As prices for bitcoin and other cryptocurrencies continue to surge this year, many traders are looking for any indicator for when – or if – the bull market will come to an end. Some are convinced they have the answer: They are examining polkadot (DOT), the native token of the Polkadot blockchain, as a potential canary in the coal mine for cryptocurrency.
As of press time, polkadot’s price was at $12.49, up 12.40% in the past 24 hours, according to Messari. It reached its all-time high of $13.22 during early trading hours in the U.S., just six days after bitcoin’s price reached a new all-time high. Source Link (https://www.coindesk.com/asia-traders-bitcoin-polkadot-prediction)
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Maybe they find a little bit of correlation between the DOT & BTC price charts but it's hard to believe that DOT can be used to predict the future of BTC. 1 first crypto project & 1 new project. Currently the price of BTC is decreasing and the price of DOT is continuing to increase.
Perhaps everything is still just data for reference.
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^ wow, they found the weirdest way I have ever heard. I am not quite sure that the way they are doing will be precise in predicting the future of Bitcoin. it doesn't make sense to use Polkadot to find predictions.
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Polkadot is the coin of future. I have also confidence on DOT and i have found a correlation between DOT and Bitcoin. It's true that many investors specially ASIAN investors are intending to DOT as they are considering DOT as their future currency. This isn't exaggeration rather i will say their intention is right. Let's hope for the best.