Polkadot Will SHOCK The Crypto Market – Here’s Why

Here’s why Polkadot is a crypto to watch in 2024.
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00:00 Intro
00:30 Metrics
03:59 Price
06:07 Partners
07:21 DOT 2.0
10:21 Final Thoughts

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Here is exactly why polka dot is going to shock the cryptocurrency markets in 2024 it could be the biggest Sleeping Giant in the top 20 and in this video I want to discuss why that is the case and why I did not sell my DOT bags when the

Parir chain auctions unlocked you know it’s funny I was talking about the best coins in 2024 just the other week and it showed me how much love the community still has for polka dot how excited people are for polka dot still and everything that’s being built in that

Ecosystem which is awesome to see polka dot activity I’m sure that more than a few of You by the way considering polka dot activity have hopped onto like d llama or some other onchain metrics website taking a look at polka dot and went why in the heck would I ever buy

This damn thing there’s nothing going on over here that’s the Dilemma for so many people when it comes to polka dot because let’s face it you’re not wrong you’re just not right either I know stick with me for a minute here look although there not much noticeable defi

Gaming mecoin airdrop any of that other kind of activity currently happening on polka dot all stuff that gets people excited Yes Meme coins dog yes badot has a very dedicated community that really knows what the real world asset adoption stuff is going to look like we’re seeing

Us treasuries and all that kind of stuff come on board we’re seeing big gaming Partnerships starting to happen real big things are happening but it’s quietly happening polka dot is a project that I think is important to watch closely in 202 four now taking a closer look at

Polka dot activity for the last year we saw a big spike in onchain events and unique account Creation in fact the biggest the network has ever seen then we have stuff like xcm polka dots cross consensus messaging system which saw a 20% bump in usage allowing all those

Different PA chains to talk to one another polka out repositories recorded more than 49 freaking thousand GitHub commits damn a figure higher than any other web 3 project according to the data supplied by Sandman thus signaling to current and potential holders that a new polka dot rally could be on the horizon

Especially with what is in motion to happen on polka dot in the next 12 months big things are a foot can you believe that it’s been two freaking years since the first parach chain auction launched seems like just well two years ago I guess a long time actually the two-year leasee period on

The first pair of chains has started happening and they’re actually now coming to a close early crowd loan contributors like myself like probably a lot of you we’re getting our DOT coins unlocked finally PS obviously Big Dot holder here full portfolio disclosures and risk statements because cryptocurrency is risky Down Below in

The description currently I am staking the dot that has unlocked from those par chain auctions and we’ll probably ride this bag until like I don’t know a 100 bucks or something and then see you later dot thanks for all the good times anyway this opens up some brand new

Staking opportunities here as well as we see this new DOT coming back in things that were previously unavailable to pair of chain participants so you can stake in almost 200 different pools with just a single dot not bad and with 500 you can even create your own pool pretty

Cool more than 50% of all tokens are currently locked at this time earning stakers a very cool 15% apy or of course you could just go the the liquid staking around liquid staking so popular right now so hot so hot use companies like aala and earn almost 19% Returns on your

Dot now most importantly this event will begin the largest unlocking of tokens or has begun the largest unlocking of tokens in the history of polka dot although it’s been absorbed pretty well the price of polka dot is up we have more than 20 supported pair chains starting these major major token unlocks

It’s a big event for polka dot but it’s taken it like a champ for sure the dot token price ended the year actually a pretty nice rally in spite of all these big unlocks happening the price of dot almost doubled in 2023 and while we’re of course a long way away from that

All-time high of sweet sweet $55 55 bid dollars anyway long long time ago and of course we’re very far away from chat gpt’s prediction of $100 dot by the end of the year thanks for that chat GPT who asked you anyway computer brain we are still headed in the right

Direction though for DOT look projects supporting the pogot system also saw a fair share of price increases over the last year signaling to many dot holders that money is still flowing into the polka dot ecosystem there’s still a strong interest in this chain in fact

Even though I do own a good sized bag of dot my guess is that the real money is going to be made on dot beta plays things like Moonbeam which I own a star and others which I don’t own uh you also have like a mean coin coming up soon

Called Dead deed which could iron ically bring life to the chain bring users back on board for polka dot people do love their meme coins right polka dot ordinals also starting to happen some big things happening in the ecosystem lots of new things happening that are going to bring people on board there’s

This whole massive relatively under the radar ecosystem sitting here potentially ready to rock now future price predictions for polka dot from Market analysts have mostly been unenthusiastic do be the hype simply not being there we see stuff between 15 and $20 with this time next year you got to pump up those

Numbers son 15 and bucks get out of here just a quick reminder too that you can stay up to date on what’s happening with polka dot and tons of other projects over on the wealth Mastery website or of course you can get those sweet insights delivered straight to your inbox by

Signing up to our free newsletter it’s free join our 100,000 weekly readers and start getting all the best damn Alpha on crypto boom in your email inbox very convenient altcoin gems deep dive reports nft min’s technical analysis dii tutorials and the News because it’s newsletter check it out Link in the

Description okay now let’s talk about Partnerships one of the biggest partners of polka dot is polka dots well through its web 3 Foundation polka dot grants have actually helped to onboard more than 80 new projects in just the last year that’s a lot of building going on they completed their 19th wave of

Funding just last October taking things a step further the foundation actually announced the introduction of decentralized Futures an initiative to change the balance of power in favor of the users thus helping polka dot to create a more self- sustaining ecosystem of growth and development for the long term

Sadly though polka Dot’s announcement of a partnership with cardano it’s pretty interesting you saw this to build a partner ch chain that would connect to networks went pretty unnoticed by the market everybody’s too busy looking at salana and all the exciting things happening on salana this is something

Would have just like you know blown Minds back in the day if we were in like I don’t know 2020 or something just to you know massive technically Advanced blockchains teaming up man who cares about that right apparently not the market polka dot 2.0 let’s talk about

That 2024 is going to be a big year for polka dot primarily because of polka dot 2.0 and this is probably the most exciting thing on the horizon for polka dot in the coming year this is the next major update for polka dot this update will expand on the

Shift from slot auctions oh those slotty auctions huh to a coretime Marketplace say dub the block space ecosystem this update will change polka dot from being a blockchain centered product to an application focused Network big fundamental change here they’re achieving this through changes in the core client software and through

The introduction of zero knowledge proofs pocot is priming itself to become the do itall web 3 Cloud big Ambitions here now founder Gavin Woods who of course is one of the founders of ethereum back in the day along with vitalic and Charles Hoskin from cardano anyway they are turning

Polka dot into a multi-core supercomputer according to Gavin with a focus on Building A system that provides secure trustless and featur applications notice notice the emphasis on applications decentralized applications course a focus that polka dot desperately needs to catch up with its competition with the update here

Will introduce a new peso service model that will massively hopefully increase everything happening on chain of course performance will increase but more importantly you want to see the utility of polka dot increase major change also include an overhaul of polka dots nominated proof of stake consensus allowing dot holders to be able to

Nominate baders for the first time thus bringing polka dot closer to becoming a truly decentralized ecosystem cross chain capabilities will also finally come to polka dot allowing us to interact with ethereum based networks and potentially even Bitcoin which pretty cool that’s called snowbridge by the way and that’s of course a massive

Step in opening up the money floodgates so bring the money in you need the liquidity from the ethereum ecosystem bring it in we’ll also receive stuff like a new app Hub making it easier to interact with daps on pokka dot there’s 700 projects already in the pipeline

There by the way we also have a block time that’s potentially eight times faster than the current version that’s very competitive something polka dot uh called future proofing at its Subzero development conference opening the door up here for major corporations as well like Microsoft and shell Volkswagen

Walmart Sony and others that they are WEA directly or through par of chains working with allowing those companies to feel more confident hopping of course than on the polka dot bandwagon final thoughts this Market that’s crazy man it’s like a bunch of dogs chasing cars sometimes one dog starts chasing a car

And all the others join in because well the other dog is chasing it so we better Chase it too Capital moves very fast from one place to another as the flavor of the week keeps on changing all the time and I get that dot has a lot to

Prove still it lacks a lot it’s very far behind in many metrics in terms of like hype and users and all this stuff kind of happening on chain we see other networks way out ahead of it but it’s also had in some key areas that count

And while there are a lot of New Kids on the Block do 2.0 has a big start compared to them in many ways and I think 2.0 will kick a new frenzy for the whole dot ecosystem later this year and paying attention now is being early let

Me know what you think about this down below in the comment section I’ll see you in the next Video