Polkadot, Bitbot price forecast as altcoin market eyes 1000% increase

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Written on Feb 14, 2024

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The latest crypto market revival had most tokens flashing stable upside strength.
Experts predict a bull run that saw altcoins’ market cap surging 1,000% in 2020.
DOT and BITBOT may lead the upcoming rally as they display robust momentum.

Digital coins have seen notable revivals lately, and analysts trust we are entering solid bullish markets, similar to 2020. Crypto expert HORSE remained optimistic about the asset class, telling proponents to “prepare for the craziness period” that saw Bitcoin (BTC) flying to $64K from $10K.

in mid-2020, you tweeted something like 'If you're here before the retail boom, congratulations expect your portfolio to 20x in 2 years.'

this tweet just gave me those vibes again, hoping for a similar outcome lol cheers
— Pétite (@crypto_petite) February 9, 2024

The market capitalization of all altcoins jumped by nearly 1,000% at the time, exploding from around $73B to $793B. Meanwhile, Bitbot (BITBOT) and Polkadot (DOT) prepare for staggering surges in such an environment.

Polkadot targets robust breakout amid strategic accumulation

Polkadot joined the latest market rally that had Bitcoin overcoming the resistance at $46K. The alt secured stable footing from an ascending trendline, and its recent rebound signals a potential breakout.

DOT formed the ascending trendline following its price movements over the past three months. Traders have capitalized on this support line to renew bullish momentum, highlighting strategic accumulation.

Furthermore, the token gained nearly 15% after reversing from the dynamic support barrier on February 5. That saw DOT overcoming a patterned consolidation, adding to the upside momentum.

Polkadot changed hands at $7.70 at press time, gaining 3.51% and 14.15% on the daily and weekly charts, respectively. The alt seems ready to reclaim $8 before revisiting the swing high at $9.6.

Also, continued efforts to create a developer-friendly environement will contribute to DOT’s expected upswings.

Bibot: empowering crypto investors with innovative features

Bitbot is a new trading bot that distinguishes itself from the crowd by offering users non-custodial services and resources to stay on par with institutional investors.

As crypto enthusiasts await massive rallies in 2024, Bitbot promises retail participants an opportunity to invest with less risks. Moreover, vigorous security features, proprietary AI, and top-notch trading tools mean investors can trade securely without dependence on guesswork.

The Telegram-based trading bot uses BITBOT as its in-house token, which plays various roles within the Bitbot network.

BITBOT price forecast

The project has raised over $550K at stage three of its presale phases, reflecting its potential and demand by the community. That has attracted many players who might have missed on previous Telegram bots.

With competitors such as Banana Gun and Unibot dented by issues like cyberattacks, Bitbot positions itself to grab a massive share of the growing Telegram bots market cap, currently approaching $460 million.

BITBOT trades at $0.011 at this writing, and stars align for a 100x price jump for the altcoin.

You can find more Bitbot on their website.

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