Polkadot Price Prediction: Can DOT Reach Double-Digit Price In July 2025 as Founder Unveils Proof-of-Personhood Plans?

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 The PoP model aims to enhance Sybil resistance and replace outdated verification methods like CAPTCHA and KYC, with biannual reward halvings similar to Bitcoin.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.