Downward trend Polkadot offers a unique buying opportunity

Polkadot (DOT) is having a hard time. In recent days, the digital currency has been experiencing a downward trend. In fact, at the time of writing, DOT is trading at just $6.18, which is dangerously close to pre-bull run levels of 2021. Does the current low price offer a unique buying opportunity, or is the project long past its heyday? and left wide behind?

Growing interest in Real World Assets

According to Dutch crypto analyst Michaël van de Poppe, the current decline offers an opportunity to accumulate DOT at a lower price. He still expects plenty of upside potential for the project and this is partly due to the growing interest in Real World Assets (RWAs), which a number of projects within the Polkadot ecosystem are responding to.

Van de Poppe also points to the introduction of the JAM Graypaper by founder Gavin Wood as an important factor for future confidence in DOT. This document introduces improvements in scalability and chain functionalities.

The analyst sees $9.30 as the crucial resistance level when the digital currency can start an upward climb again. A breakout could then trigger a rally to $17, with a potential upside to $20-$25. If the most optimistic scenario were to come true, this would mean an increase in value of more than 300%.

Introduction of innovative auction system

Another promising development on the platform is Agile Coretime, which gives users the ability to bid for ‘core time’ instead of fixed parachain slots as we were used to in the past. The developments should give users more flexibility. Users can now utilize network capacity for specific periods, which is especially beneficial for smaller or new projects that cannot make large initial investments. On April 30, the first Agile Coretime auction sold all three available cores on its sister network Kusama (KSM), raising 70 KSM ($1,980).

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