Opinion: Despite Polkadot (DOT) price decline, analysts remain bullish on its future

Although the price of Polkadot (DOT) remains sharply lower on the weekly chart amid the recent market decline, some analysts are optimistic that the asset could achieve significant gains in the near future and have added it to the list, CryptoPotato reported. their investment portfolio. During the recent market correction, the price of DOT fell by 20%, once falling below $6. However, it has started to recover in the past few hours and is currently trading around $7 (up 7% in the past 24 hours). Well-known cryptocurrency trader FLASH commented on DOT’s recent price fluctuations, arguing that the asset’s trajectory is “the ugliest ever,” but that the trend may soon turn around. FLASH predicts that DOT will continue to fall or rise significantly to $20 in the near future. Another well-known analyst, Michael van de Poppe, has also added Polkadot assets to his portfolio. He recently claimed that the coin had “reached a cycle low in BTC valuation” and insisted that “the fundamentals are progressing there.”