Polkadot (DOT) has been one of the top performers this week. Despite the entire market’s slow down, the altcoin recorded a 12.67% throughout the last seven days. The asset went from trading at a low of $4.02 all the way to a high of $4.55. This came as a major respite for the DOT market which has been struggling for a while now. Despite its slight rise in the final months of 2024, the asset’s annual price change stands at a negative 50%. But, the Securities and Exchange Commission’s latest move could bring in great gains for the asset.
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Polkadot’s Current Market
DOT had a fairly bullish day as it went from trading at $4.33 all the way to $4.55. This comes after a 1.97% rise over the past 24 hours. At the time of writing, the asset was trading at $4.53. It should be noted that DOT has been trading 91% below its all-time high. The altcoin hit a peak of $55 about three years ago in 2021. In fact, DOT is closer to its all-time low of $2.69.
As businesses have started focusing more on small-cap cryptocurrencies, Nasdaq has submitted documents to the SEC requesting permission to list and trade shares of the 21Shares Polkadot Trust. More recently, the SEC acknowledged this filing. This came as great news to the DOT market.
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March End Price Prediction
Polkadot will fail to carry this trend onto the final week of March 2025. Data from CoinCodex highlights how it will dip down to a low of $4.10 before rising to a high of $4.25 on March 31. The asset will clearly end the month on a bearish note. But, it should be noted that the above-mentioned price levels are much higher than what the asset was trading at earlier this week.
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