Polkadot Price Prediction: Can DOT Reach Double-Digit Price In July 2025 as Founder Unveils Proof-of-Personhood Plans?
Main Idea
Polkadot's founder Gavin Wood proposes a Proof-of-Personhood model to reduce security costs and improve efficiency, while technical analysis suggests potential price growth for DOT.
Key Points
1. Polkadot founder Gavin Wood proposed replacing the Nominated Proof-of-Stake (NPoS) model with a Proof-of-Personhood (PoP) system to cut annual security costs from $500 million to $90 million.
2. The PoP model aims to enhance Sybil resistance and replace outdated verification methods like CAPTCHA and KYC, with biannual reward halvings similar to Bitcoin.
3. Technical analysis indicates DOT has broken out of a descending channel, with key resistance levels at $4.34 and potential targets at $5.44, $6.50, $7.50, and $8.
4. The RSI for DOT is above the oversold threshold at 72, and the MACD shows bullish momentum, suggesting further upward potential.
5. If Wood's proposal is adopted, it could improve Polkadot's supply-demand dynamics and attract fresh demand for DOT.
Description
Polkadot founder Gavin Wood has proposed a Proof-of-Personhood model to correct a $500 million a year problem for the blockchain, a potential catalyst for the Polkadot price outlook . The altcoin has rallied 32% over the past 10 days as investors buy the news on major regulatory progress. Geopolitical and macroeconomic FUD no longer clouds the narrative, with ever-closer regulatory clarity fueling a capital rotation into the altcoin market . Markets are now pricing in “Crypto Week,” as the GENIU...
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