Polkadot Crypto Breaks Out of Two-Year Downtrend as Momentum Builds

After years stuck in reverse, the Polkadot crypto price just slammed the gearshift. DOT ▲4.26% has broken free from a two-year falling wedge, a textbook reversal pattern for traders who still believe in the long-term potential of this coin. 99Bitcoins analysts observed DOT reclaiming key resistance zones at $3.40 and $3.45, now acting as support. Volume is also ticking up, now over $159 million in the last 24 hours, and the market is watching to see if the move has real staying power. “Could be the start of the uptrend we’ve waited way too long for,” said Crypto Winkle, a longtime DOT trader. PolkadotPriceMarket CapDOT$5.56B24h7d30d1yAll time Polkadot Crypto: Technical Signals Suggest More Upside Polkadot is lower than it was at the bottom of October 2023. Things were looking quite grim, but momentum is clearly rising. Trading volumes have surged, and DOT’s price structure has flipped bullish for the first time in months. 99Bitcoins analysts now point to $10 as a potential medium-term target, representing more than 150% upside from current levels. This isn’t pure speculation. The breakout aligns with broader market trends and precedes a major upgrade to Polkadot’s core infrastructure expected in 2025. Meet JAM: Polkadot’s 2025 Protocol Overhaul While most chains chase market pumps, Polkadot is digging in to become Web3’s foundation. It’s less about speculation, more about rewiring how data, value, and apps move across the internet. Thanks to its parachains and cross-chain links, Polkadot isn’t trying to replace Ethereum or Bitcoin—it’s trying to connect them. And in a space still defined by fragmentation, that might be the most important role of all. (X) The next leap for Polkadot is JAM, short for Joint Accumulate Machine, and is a radical redesign of its core blockchain. JAM transforms Polkadot into a RISC-V-based virtual machine capable of running any software, effectively turning the network into a decentralized supercomputer. Polkadot co-founder Gavin Wood has already demoed JAM by running vintage games on it. Once deployed at scale, JAM will allow developers to write complex apps with broader compatibility and power than ever before, making Polkadot a true operating system for Web3. Polkadot Crypto Eyes $10 As Fundamentals and Tech Align With the falling wedge now broken and momentum back on the rise, DOT is in a critical window.  For traders and builders alike, Polkadot’s breakout is worth watching. While DOT’s price action has been one of the worst over the last five years, this could finally be the start of something bigger. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways

  • The next leap for Polkadot is JAM, short for Joint Accumulate Machine, and is a radical redesign of its core blockchain.
  • While DOT’s price action has been one of the worst over the last five years, this could finally be the start of something bigger.
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Is An XRP ETF Next After The Solana ETF Launch? Experts Answer

REX-Osprey’s Solana ETF launched on July 2, with SOL now the third crypto asset to have a spot ETF in the US after Bitcoin and Ethereum. Bloomberg analysts Eric Balchunas and James Seyffart have now suggested that an XRP ETF could be the next to launch.  XRP ETF Next As Solana ETF Goes Live In an X post, Bloomberg analyst James Seyffart suggested that an XRP ETF may be next following the launch of a Solana ETF. This is based on Seyffart and his colleague Eric Balchunas’ prediction that the XRP fund has a 95% chance of approval this year. They had also predicted that a SOL ETF had a 95% chance of approval and that this fund has now launched.  Although not through the conventional structure, REX-Osprey launched the first Solana staking ETF on July 2. This is simply a spot SOL ETF, which will also provide staking rewards to investors. Additionally, the Grayscale Digital Large Cap Fund, which also had a 95% approval odds, has also been approved by the SEC, which puts the XRP ETF in pole position to be next.  Following the approval order for the conversion of Grayscale’s fund into an ETF, market expert Nate Geraci declared that a spot XRP ETF is up next for the SEC’s approval. He predicts that other altcoin ETFs for Cardano and Litecoin will also get the nod from the commission. However, based on Seyffart and Balchunas’ prediction, a Litecoin ETF is the only one that could come before an XRP ETF.  The approval odds for a Litecoin ETF also stand at 95%. Furthermore, the final SEC deadline for the LTC ETF is October 2, just days ahead of the XRP ETF’s final deadline, which is October 17.  Traders Expect XRP ETF Next Polymarket data shows that traders are expecting an XRP ETF before a Litecoin ETF or any other altcoin ETF. Data from the prediction market shows that there is an 87% chance that the XRP fund gets approved by December 31. On the other hand, there is an 86% chance the SEC will approve an LTC ETF by year-end.  Other altcoin ETFs have lower odds of approval by year-end. Seyyfart and Balchunas predicted that there is a 90% chance that Cardano, Dogecoin, Hedera, Avalanche, and Polkadot ETFs get approved this year. Polymarket traders say that there is an 83% and 76% that the Commission approves an ADA and DOGE ETF, respectively.  Meanwhile, Ripple’s decision to drop the cross-appeal against the SEC and potentially end the XRP lawsuit is another reason why experts like Geraci are confident that an XRP ETF will come soon.  At the time of writing, the XRP price is trading at around $2.26, up over 3% in the last 24 hours, according to data from CoinMarketCap.