Polkadot-prisen genoprettes ikke i 2023, før dette sker

• Polkadot price plunged hard in 2022.

• The decline was caused by both internal and external factors.

• It will only recover if the Fed shifts its tone and its ecosystem rebounds.

Polkadot price plunged by more than 84% in 2022m capping its worst year on record. DOT slipped to a low of $4.2, which was lower than its record high of $55. This performance was due to the overall weakness of cryptocurrencies, high-interest rates, and the collapse of key players in the crypto industry. 

Polkadot parachain challenges

Polka prik price had its worst year on record due to multiple factors. First, it suffered from the biggest krypto nyheder during the year following the collapse of FTX and Alameda Research. This collapse led to major challenges in the industry as exchanges like Binance and Coinbase recorded remarkable outflows. 

Polkadot also plunged following the collapse of Terra and its ecosystem, which led to over $40 billion in total losses. The collapse pushed more people to lose faith in crypto tokens. 

Further, an extremely hawkish Federal Reserve had an impact on Polkadot and other cryptocurrencies. The Fed hiked rates by 450 basis points and pointed towards more in 2023. This happened as inflation jumped to a 40-year high.

Internally. Polkadot’s ecosystem faced issues of its own. The most significant was the de-pegging of Acala Dollar, an algorithmic stablecoin developed by Acala Network. The stablecoin is yet to regain its peg. 

Other Polkadot parachains also had major challenges. For example, Enjin’s Efinity saw little traction as demand for Non-Fungible Tokens (NFT) collapsed. Total NFTs sold dropped by more than 90% from January. 

Meanwhile, Moonriver and Moonbeam have also struggled to gain traction in the DeFi and other industries like the metaverse. 

Looking forward, the main driver for Polkadot price in 2023 will be the actions of the Federal Reserve. A dovish shift by the Fed will lead to more growth for the stock. DOT and other coins will not recover until the Fed shifts its tone and its ecosystem rebounds.

Polkadot prisudsigt

Turning to the daily chart, we see that the DOT price sell-off caught no breather in 2022. The coin continued falling as risks in the industry rose. As it crashed, it managed to move below all moving averages. It also moved to the lower side of the Bollinger Bands. 

Therefore, the coin will likely continue falling as bears target the next key support level at $2. A rebound to about $20 will only happen if the Fed suddenly becomes dovish.

Sådan køber du Polkadot

eToro

eToro tilbyder en bred vifte af kryptoer, såsom Bitcoin, XRP og andre, sammen med krypto / fiat og krypto / kryptopar. eToro-brugere kan oprette forbindelse til, lære af og kopiere eller blive kopieret af andre brugere.

Køb DOT med eToro i dag Ansvarsfraskrivelse

Binance

Binance er en af ​​de største cryptocurrency-børser i verden. Det er bedre egnet til mere erfarne investorer, og det tilbyder et stort antal kryptovalutaer at vælge imellem, på over 600. Binance er også kendt for at have lave handelsgebyrer og en mangfoldighed af handelsmuligheder, som dens brugere kan drage fordel af, såsom; peer-to-peer handel, marginhandel og spothandel.

Køb DOT med Binance i dag

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• Kilde: https://coinjournal.net/news/polkadot-price-will-not-recover-in-2023-until-this-happens/