Prices for Polkadot remain within a narrow range as the community actively votes on tokenomics issues and anticipates future upgrades.
Community Voting on Polkadot
The price of Polkadot (DOT) hovered around $4, up 35% from its lowest point this year. Over the past few days, the price has remained stable as the community debates its tokenomics strategies. Currently, votes are taking place on three proposals: hard pressure, soft pressure, and growth pressure. The hard pressure proposal aims to implement a supply cap of 2.1 billion DOT with a 53.6% reduction in inflation.
Proposed JAM Upgrade
A major catalyst for the Polkadot price is the planned Join-Accumulate Machine (JAM) upgrade. This upgrade, proposed by Polkadot creator Gavin Wood, aims to evolve the current structure into a decentralized supercomputer that supports applications across various industries, including DeFi. The upgrade is expected to occur in 2026.
Polkadot Price Technical Analysis
Technical analysis indicates that the DOT price formed a double bottom pattern at $3.256 in April and June. The neckline is at $5.375. Additionally, a golden cross is nearing formation, indicating potential bullish price movement. The analysis points toward a possibility of a strong rebound to $5.374, previously achieved in May.
Thus, community voting and future upgrades may significantly impact the Polkadot price, making it an interesting asset to watch in the coming months.
