While there was an average of 5 percent decrease in the crypto money markets for the last 24 hours, a recovery was seen at the same rate the previous day.
Bitcoin (BTC) renewed this week's low in yesterday's selling wave. It was noted that the lowest level of the last 6 weeks, seen on the first day of the week, was revised to $ 38,200, and towards the close, the BTC / USD parity decreased to $ 37,700. Bitcoin, which recovered somewhat with the opening of the new day, rose to the level of $ 38,700 with buyer-weighted transactions in the morning. Ethereum (ETH), on the other hand, briefly tested $2,760, but in recent sales, the low at the beginning of the week found support at $2,800. In the morning, it was on the upside at $2,870.
Renowned crypto analyst Benjamin Cowen made an exciting prediction for Polkadot (DOT) in a new Youtube post.
In his Youtube broadcast with Altcoin Daily, cryptocurrency analyst Benjamin Cowen shared his thoughts on how Polkadot (DOT) might perform if the market regains a strong upward momentum.
Cowen argued that the crypto market could reach a massive $10 trillion valuation, tripling the all-time high of $55 that Polkadot had previously broken in a market at this level. Cowen thinks that the crypto market can see these levels in the next 18 months.
“Assuming a valuation of $10 trillion in the next 18 months. That means DOT will be 3x more than the previous high. ADA did that. ADA was just over a dollar in 2018. Three years later it went to $3, an all-time high. level has increased threefold.
Polkadot (DOT) was priced at $17.14 at the time of writing, while Polkadot (DOT)'s 24-hour trading volume was $601,205,096. DOT price has decreased by -4.5% in the last 24 hours.