3 reasons why a polcadot price can make an increase in XRPs

Polkadot has filed its closest peers as such as Solana, a suitcase bynance and a throne, because it remained in a three-year consolidation between 3.85 and $ 11.7.

Polkadot’s (Dot) The price of the price saw it falls in the crippto ranking list, crossing the top ten coins in 2021. at 22. the greatest. It overtook it newer cryptocurries as a hyperliquid (Hyper), Sui (Sui) and Toncoin (Tons).

However, there are three key reasons why the price point can soon come to three-year consolidation just like Ripple (XRP) I am.

Spot Polkadot ETF Potential approval

One potential reason why a polkadote price can soon increase that the Securities and Exchange Commission may soon approve the ETF Spot. 21Shares for that fund has submitted this fund earlier this month

The Sex indicated that it would be a friendly agency in the Kruptocurnancy Industry within Donald Trump. One way that can show it is to enable Spact ETFS faster, which will expose them to Vall Street investors.

Most cryptocurries such as XRP and Litecoin, which have higher ETF approval quotas, have increased in the last few weeks. Polkadot could join the rally because it remains close to its all time.

POLKADOT AM UPGRADE

Another reason why the part of the price could have threatened is migration on the articulated accumulation machine, which is part of Polkadot 2.0. Jam hopes combine Existing forces of polcadotes and those Ethers, and then replace the relay chain in the future.

The jam also hopes that in the past will solve the challenges that hit the polcadot in the past. The high costs of giving parans, the fact that these Pasani is isolated and that joining partition auctions is limited and expensive.

The 2.0 term will allow developers to directly build applications without passing through the passage process. These developers will also take advantage of the existing features of polcadotes such as a large bandwidth, its resilience as a measure of the Nakamoto coefficient and its speed.

Polkadot can handle over 140,000 transactions per second, much more than 3,000 Solanes.

The gear price has a strong technical technical technical

Polkadot also has strong technical techniques that can encourage its price over time. The upper chart shows that Dot remained between support to $ 3.85 and resistant to $ 11.71 in the last three years. Recently recorded the lowest side of this channel.

This consolidation of mirrors what happened to the KSRP, token that has risen lately. It is also a sign of accumulation, the initial phase of Vickoff theory. The accumulation usually accompanies the Market phase, characterized by a higher demand from delivery.

Strong punching above the upper side of the channel will signal more gains forward, and the initial goal is to $ 23.5, 38.2% of retraction levels which is about 365% above current level.