Polkadot (DOT) Could Surge By More Than 200%

The optimistic price predictions for altcoins continue, and some of the latest ones include OPPolkadot (DOT) as well.

Check out the latest reports about the price of this coin.

It’s been just revealed that the crypto analyst Benjamin Cowen says Polkadot’s (DOT) next leg up could have enough steam to take the smart contract platform to new ATHs.

He recently said that DOT is “very, very likely” in a reaccumulation phase.

He also made sure to point out the fact that the coin is forming a similar pattern to its price action in late 2020 right before it exploded from $3.00 or so to nearly $50 in a matter of weeks.

“My speculation, dubious as it may, is that this range here is just simple reaccumulation which will inevitably take us to higher levels. I would also speculate that the next move should be able to get us over the $100 mark.”

He continued and said the following:

“I’m sincerely hoping it can get us over the $200 mark as well and maybe even beyond. Let’s just take it one step at a time.”

He also made sure to add the fact that he’s not expecting a market cycle top in the next couple of months.

It’s worth noting that he believes that the crypto markets still have plenty of time to run and that Polkadot will play a significant part in it.

“I do think Polkadot is a great project, and I do think it has a role to play in this cycle. Again, I do not think this cycle is almost over. I know a lot of people are calling for a cycle peak in a couple of months. I don’t think that’s the case.”

At the moment of writing this article, DOT is trading in the green and the coin is priced at $36.10.