The tokens is the native cryptocurrency of the blockchain. it’s governance system is exactly where all DOT token holders have voting rights. Proposals can be made either by the DOT owners or by the Board.
The day began with a bullish outlook as and other altcoins along with Polkadot saw a bull run. This has caused a 1.27% increase in the global crypto market cap over the past 24 hours. Currently, Polkadot is trading at $ 4.63 with a 7.48% increase over the past week from 2022.
Meanwhile, crypto analyst and trader Michael van de Poppe has made bullish predictions for DOT prices for 2023. In his video, the analyst directed about Polkadot, mentioning that it has already entered a relief rally. He predicts that Polkadot will rise by 432%, reaching out to a target of $16 to $24. The analyst is certain that Polkadot will knowledge a significant bullish momentum in the around future.
A number of post-launch upgrades to Polkadot have been under development of innovative projects, including the release of XCM, Polkadot’s cross-consensus communication standard, upgrades to XCMP (cross-chain message passing prototol), governance improvements, and the launch of parathreads.
If Polkadot welcomes adoptions and utility, alongside its escalating rise with parachains then definitely polkadot a good investment for 2023 and beyond. The network would witness a rise in sentimental beliefs and numbers. This could thrust the dot coins asset to finalize the trade for the year at $7.6845 a dot price prediction by coinpedia.