Polkadot (DOT) has been one of many high performers this week. Regardless of the complete market’s decelerate, the altcoin recorded a 12.67% all through the final seven days. The asset went from buying and selling at a low of $4.02 all the best way to a excessive of $4.55. This got here as a significant respite for the DOT market which has been struggling for some time now. Regardless of its slight rise within the closing months of 2024, the asset’s annual value change stands at a detrimental 50%. However, the Securities and Alternate Fee’s newest transfer might usher in nice beneficial properties for the asset.
Polkadot’s Present Market
DOT had a reasonably bullish day because it went from buying and selling at $4.33 all the best way to $4.55. This comes after a 1.97% rise over the previous 24 hours. On the time of writing, the asset was buying and selling at $4.53. It ought to be famous that DOT has been buying and selling 91% beneath its all-time excessive. The altcoin hit a peak of $55 about three years in the past in 2021. The truth is, DOT is nearer to its all-time low of $2.69.
As companies have began focusing extra on small-cap cryptocurrencies, Nasdaq has submitted paperwork to the SEC requesting permission to record and commerce shares of the 21Shares Polkadot Belief. Extra just lately, the SEC acknowledged this submitting. This got here as nice information to the DOT market.
March Finish Worth Prediction
Polkadot will fail to hold this development onto the ultimate week of March 2025. Information from CoinCodex highlights the way it will dip right down to a low of $4.10 earlier than rising to a excessive of $4.25 on March 31. The asset will clearly finish the month on a bearish notice. However, it ought to be famous that the above-mentioned value ranges are a lot larger than what the asset was buying and selling at earlier this week.
