Big crypto firm bets big on Polkadot (DOT), expects it to Rise to Top three

With more than 199 projects building on Polkadot already, Spartan Black thinks it will rise to top three on Coinmarketcap/Coingecko in no time.

By · Aug 27, 2020 . 5min read

Polkadot valuation

Polkadot recent rally after it was listed on Binance has necessitated big firms to bet big on DOT expecting it to rise to top three crypto projects by valuation on major listing directories like Coinmarketcap or Coingecko.

Spartan Black, an Asian crypto fund after hitting bull’s eye with last prediction on Polkadot (DOT) believes there’s even more. The fund gave a prediction in one of his tweets just last week concerning DOT’s valuation. In the tweet, he wrote:

“If $ADA’s market cap is $3.8B, then Polkadot should be worth at least $5B ie $5 per $DOT

And barely a week after this prediction, he comes yet with another prediction. DOT has climbed to top 6 on Coingecko with a $5.5 billion valuation surpassing Cardano.

Polkadot rising top three
Source: Coingecko

Since listing on Binance on the 19th of August, DOT has gained more than 200% in price

Source: Trading view

Polkadot network has the backing of a strong team to soar to top three.

The newest Proof-of-Stake blockchain network is the brainchild of Gavin Wood, co-founder of Ethereum and inventor of Solidity smart contract language. Gavin Wood created Polkadot in 2016 as a multi-chain framework similar to Cosmos. It enables interoperability and scalability of blockchains that can plug into its ‘Relay Chain’. Polkadot rising to top three is highly possible as data already shows a growing ecosystem. A quick look at Polkaproject shows more 199 projects leveraging Polkadot’s technology to build.

Moreso, as a blockchain-agnostic framework, it can support smart contract platforms like Ethereum. Consequently, this removes direct competition between these two. Perhaps this is why Spartan Black referencing his last tweet thinks:

“This tweet didn’t even get a chance to “age”. Another prediction: within a year $DOT will be Top 3 market cap on Coingecko/CMC”

As at today, DOT is available for trading on at least 11 global exchanges with upto 10 trading pairs.

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