Buy Polkadot (DOT): Forecast 2021, 2022, 2025

Published: February 24, 2021 by Andrew

In an era of cryptocurrencies, there are many projects competing on the market and Polkadot is one of the ideas that is emerging with the most vigor in recent times. But is this reason enough to buy Polkadot?

It must be said that this cryptocurrency is the flagship project of the Web3 foundation, a Swiss institution that wants a completely decentralized, functional and easy to use web.

To find out what Polkadot really is, what it is for and what its future prospects are, you will need to read our guide, but let’s start with a small suggestion.

To buy Polkadot you have to follow these 3 simple steps:

  1. Register with a regulated CFD Broker such as eToro
  2. Practice on the Demo account to get used to the platform.
  3. Make the minimum deposit required and start investing in cryptocurrencies

These steps are essential if you want to buy Polkadot safely and without paying commissions.

Here is a list of the best cryptocurrency platforms on the market, you can choose any one to start with, they are all reliable and commission free:

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    Buy Polkadot: what is DOT?

    Polkadot is considered to be one of the most advanced projects in the cryptocurrency industry. It is based on a framework that aims to provide the most advanced peer-to-peer network for linking multi-blockchain systems together.

    Said this way it may seem like a complex concept but in reality it is not: Polkadot offers a platform that allows different systems to work together.

    The Polkadot project was developed by the Web3 Foundation based in Switzerland. This foundation has the goal of a totally decentralized web that is easy to use.

    Following the launch of the native DOT token, this cryptocurrency gained sudden popularity in 2020 reaching a peak in market capitalization, which continues to increase.

    At the time of writing, DOT ranks 4th in the ranking of the most capitalized cryptocurrencies on the market, after Bitcoin, Ethereum and Binance Coin.

    Polkadot launched an experimental version of the network, called “Kusama” in 2019 and in May 2020, the Polkadot mainnet was launched, which gave a strong boost to the DOT token.

    How to buy Polkadot

    Investing in cryptocurrencies is a form of financial investment that does not differ much from any other speculation on the markets.

    There are two ways to buy Polkadot and other cryptocurrencies: Exchanges and CFD Brokers.

    Both of these methods have their strengths and weaknesses, but before choosing, we need to understand what we want to get from our investment.

    If we are interested in taking advantage of the volatility of cryptocurrency prices to speculate and make profits thanks to the continuous price changes of this market, CFD brokers are certainly the best option.

    If, on the other hand, we want to buy Polkadot, put them in a “safe” and keep them for a long time, theoretically, Exchanges can be the ideal choice.

    We say “theoretically” because the Exchanges have a security problem and should be used with great caution, while the CFD Brokers (at least the ones we present in this guide) are safe and regulated.

    We have summarized all these concepts in a table to make them more understandable:

      Cryptocurrency Exchange CFD Broker
    Pros
    • Cryptocurrencies are really bought
    • Safe and Regulated
    • You can invest both up and down
    • No commissions
    • No risk of cryptocurrency theft
    • Transactions are immediate
    Cons
    • Commissions
    • You can only invest upwards
    • Serious security concerns
    • Slow transactions
    • You don’t “really” buy cryptocurrencies

     

    In summary we can say that to buy Polkadot:

    • Exchanges are expensive (there are commissions to be paid), unsafe (they suffer frequent cyber attacks) and allow you to earn only in the event of a rise in prices.
    • CFD brokers are safe and regulated (they have a regular license), they are cheap (they don’t charge commissions) and they also offer the possibility to make money when prices drop.

    Where to buy Polkadot

    As you may have noticed, the advantages of CFD Brokers are many and therefore we will guide you in choosing the right intermediary to buy Polkadot.

    Choosing is not easy, each Broker has more or less interesting characteristics but also flaws. We cannot go into details but it seems only right to remember that what matters is the license.

    You should only use regulated CFD Brokers with regular licenses issued by entities such as CONSOB, CySEC, FCA, etc.

    Cryptocurrency trading is inherently risky, so at least the broker chosen must offer the highest possible security.

    After you have selected one of the intermediaries listed in the introduction, you can trade in this way:

    • Buy Polkadot (using CFDs) to profit from the growing price of the cryptocurrency
    • Sell Polkadot (using CFDs) to profit from falling cryptocurrency price

    Once you reach the expected price you can close the trade and if you have made a profit this will be net, there are no commissions to pay.

    Below we will describe the characteristics of the most used online broker in the world, perfect for trading cryptocurrencies: eToro.

    eToro

    eToro is the most popular online broker in the world, its reliability is confirmed both by the incredible number of users who use its platform, over 10 million, and by the numerous licenses it has.

    To buy Polkadot with eToro, you must select the cryptocurrency, click on “Buy” and decide the amount of the operation.

    But what made eToro so famous, in addition to its splendid trading platform, is the revolutionary automatic investment system it has patented: Copy Trading.

    This system offers the possibility to copy the operations performed by the best traders in the world (on eToro) automatically and free of charge.

    To use Copy Trading you need to follow these 4 steps:

    1. Register on eToro
    2. In the People section, choose the traders to copy, based on their returns, filtering (if you want) those who invest in cryptocurrencies.
    3. With a click, Copy Trading will copy the operations of the chosen traders into your account.

    At that point you will get the same returns as these trading experts (in proportion to the investment made), at no additional cost.

    To give you an idea of these returns, we took a screenshot of some traders that you could copy:

    etoro copy trading traders

    Click here and choose which trader to copy

    Both “automatic” Copy Trading and “manual” trading can also be tested on a free Demo account, without running any risks, because in Demo the money is virtual.

    Try the eToro platform for free by clicking here

    Is Buying Polkadot Convenient?

    Now you know what Polkadot is, you know how to buy Polkadot, you just have to find out if it is convenient to do so.

    In the graph below you can see the trend of Polkadot since September 2020. The green line represents the price of Polkadot, the blue one the market capitalization and the yellow one the Bitcoin trend, which acts as a comparison currency.

    buy polkadot crypto

    From January 2021, with the increase in investments in emerging and historical cryptocurrencies, we see how DOT (Polkadot) has grown even more than BTC, in proportion to the levels from which it started.

    But to answer the question: Is buying Polkadot worthwhile? We need to examine Polkadot’s progress in recent years.

    Buy Polkadot: forecast

    Cryptocurrency analysts believe that Polkadot is an excellent investment in both the short and medium / long term, in fact they predict that by 2021 DOT could reach $ 50.00.

    But not everyone made the same predictions, here are some of the analysts and their assessments on Polkadot for the foreseeable future:

    • Digital coin price assumes that the price of DOT will drop to $ 8.43 in 2021 and then recover from 2022 and grow steadily but less quickly than seen so far.
    • Changelly has predicted strong growth for DOT in the coming months but at the same time believes there will be a slump in 2021, which could bring the price of DOT below $ 1.
    • TradingBeasts is optimistic about Polkadot and expects the cryptocurrency to grow throughout 2021 and 2022, surpassing current all-time highs.

    Polkadot Forecast 2021

    The synthesis of these forecasts leads us to believe that buying Polkadot is a good investment, especially if you operate in the short term and follow the frequent fluctuations that characterize this market.

    The forecasts for 2021 are around $ 50.00 but the price of DOT could also drop between 2021 and 2022 before recovering. We need to take advantage of this volatility to make profits even from collapses, thanks to the CFD Brokers we have talked about, which as you know, also allow you to aim downwards.

    Polkadot Forecast 2022

    The price of DOT will probably start above $ 50 as early as the beginning of 2022 and during the year the price could fluctuate a lot while maintaining an upward trend.

    This is what the most reputable cryptocurrency analysts believe, who have predicted a target price of $ 70.20 for Polkadot by the end of 2022.

    But it is these same analysts who believe there could be an impediment to this goal and it is the Polkadot protocol, which if it is not improved will not be able to keep up with this price hike.

    Polkadot Forecast 2025

    As long-term cryptocurrency forecasts are sought, their accuracy is bound to decline, so even if we will indicate the targets of the major analysts for 2025, we advise you to evaluate them very carefully.

    Generally speaking, the chances of growth for Polkadot are greater than those of a decline but before reaching certain peaks, the fluctuations could be very high, almost prohibitive.

    For this reason, we advise you to make short-term trades and not keep a position open for months or even worse years, but follow the trend with shorter operations.

    In 2023, the price of Polkadot could reach $ 100.00 and then rise to $ 150.00 in 2025.

    Some analysts believe that at the end of 2025, DOT could even hit $ 200.00.

    Polkadot Pros and Cons

    The platform with which Polkadot was created is extremely useful and will allow you to connect various blockchains to each other, making the cryptocurrency market more fluid.

    Still the structure is rough and the protocol needs updating but investors are optimistic and this cryptocurrency is destined to be talked about for a long time to come.

    Let’s see now what are the main pros and cons of Polkadot.

    Pros

    • Polkadot offers a unique platform that offers great possibilities.
    • The current price of Polkadot is good and the growing trend is strong.
    • Investors have great faith in this ecosystem.

    Cons

    • Growth forecasts are not unanimous.
    • The Polkadot protocol is still immature and this could lead to a reversal of the current trend.

    Conclusions

    This guide has tried to show you how to buy Polkadot and if it is worth doing it.

    We have described what this cryptocurrency is, what its objective is and what the industry analysts’ forecasts are.

    We are confident that you will be able to use the information we have provided to your advantage, including the need to make short-term investments, because in this market, changes and reversals can be rapid and often dramatic.

    buy polkadot

    We want to give you one last tip: Start with a Demo account, test your strategy and trading platform without risk and if you are satisfied you can easily switch to real trading.

    Here is the link of the eToro Demo account, perfect for testing your strategy:

    Access the eToro Demo account for free by clicking here
    Polkadot, what is it?

    It is a cryptocurrency with a protocol created to connect different blockchains.

    Is it worth buying Polkadot?

    Analysts are mostly bullish but believe it is better to do short-term trades.

    What forecast for Polkadot?

    The outlook for Polkadot is very positive, with a target of $ 200 for 2025.

    How to buy Polkadot?

    With a safe and regulated CFD Broker, an intermediary like eToro, which allows you to trade without commissions.

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