Polkadot, the 8th largest token has been surging for a while now. Steady development and strong fundamentals significantly contributed to a rally toward a new all-time high ($49.80). Consider this plot- DOT is up 356% YTD.
Meanwhile, the flagship token witnessed a 256% recovery over the last 56 days, as per Trading View. Although the token, at press time is trading just shy of the $37 mark (down by almost 23% from its ATH)- different analysts remain bullish.
Let’s deep dive into it further, DOT indeed has an immense yet growing ecosystem.
Most held asset
In addition to this, Polkadot stacked up some positive records even for different parameters. Such as average developer activities in the past month. Furthermore, it is also the most commonly held asset across crypto ventures and hedge fund
With so much development happening within the Polkadot ecosystem, could it surpass its previous ATH? Well, Lark Davis certainly remains positive about it.
Other analysts too have maintained a bullish sentiment concerning DOT. Earlier, pseudonymous analyst “Altcoin Sherpa” had this to say about DOT’s recent price action.
And finally, Michaël van de Poppe noted that he could see $DOT reaching $250 to $350, at the peak of the current bull cycle.