Polkadot (DOT) soon among the top three cryptocurrencies?
Polkadot (DOT) is currently the sixth largest cryptocurrency in the world, according to Coingecko. As of September 17, the cryptocurrency has a market capitalization of $ 5.2 billion, making it larger than Bitcoin Cash (BCH) which is worth $ 5.0 billion.
DOT went public on Binance's cryptocurrency earlier this month. Since its listing about two weeks ago, the token has risen by more than 200 percent, according to Cointelegraph.
However, some investors believe DOT may have a chance to continue its rally. In fact, analysts at the Asian crypto fund Spartan Black believe the token may be on track to become one of the top three largest cryptocurrencies in terms of market capitalization.
In mid-August, Spartan Black's Kelvin Koh predicted DOT would go up to $ 5. Not only was he right, the token even went up to $ 6.56. "If ADA's market cap is $ 3.8 billion, Polkadot should be worth at least $ 5 billion, or $ 5 per DOT," said Koh.
After getting his price prediction right, Koh made another surprising prediction to say the least: he believes DOT will make it into the top three largest cryptocurrencies in just one year.
