Polkadot price today is $27.90 USD, 24-hour trading volume is $2,346,367,445 USD. DOT/USD. Current CoinMarketCap rank is #10, market cap is $27,555,916.548 USD. The circulating supply is 987,579,315 DOT coins and the max level supply. supply not available.

Benjamin Cowen, who shared his analysis of the crypto money market on his youtube account and social media with 673 thousand subscribers, shared his 2022 forecasts for Polkadot (DOT).

Polkadot Ethereum

Cowen studies Polkadot on the Ethereum pair (DOT/ETH) to gauge its strength as an altcoin. According to Cowen, DOT is going up and down, at least against Ethereum, unlike many altcoin projects that are bleeding slowly. Cowen says the following about the pair;

   “The DOT/ETH pair needs to be watched closely. The key test of a good altcoin is that on a macro scale, at least, it is an oscillator against Ethereum. You risk more for less reward. So here DOT is actually versus ETH. "There's still hope that it could be an oscillator, but it's too early to tell."

Benjamin Cowen says that while Polkadot's price performance isn't as catchy as it was in early 2021, it does form a bullish structure over the long term. Cowen thinks ATH levels could break in the first or second quarter of next year:

   “We know that for the last few months DOT has not performed as well as the other layer one Blockchains we have reviewed. But still, on a macro scale, I would argue that we often set higher lows. Really, it culminates with a slow uptrend to the $50 to $60 range. seems to arrive.

I mean, even if Bitcoin stays relatively bullish, it may take some time, I hope so. It may take some time for the DOT to return to these levels. We may be targeting Q1 or Q2 of 2022…Hopefully DOT stays on the uptrend and we will eventually see it rise to ATH levels as we enter 2022."