Polkadot’s Polkastarter (POLS) Surges 15% as Price Resumes Journey to Previous All-Time High: Here Are Analysts’ Targets
Cryptocurrency Polkastarter’s native token POLS has seen a significant price surge today, spiking 15% over the past 24 hours. This week alone, POLS prices have risen an impressive 66%, currently sitting at $1.2. The token’s all-time high remains at $5.2, set during the 2021 bull market. Analysts suggest POLS may be resuming its journey back towards its former peak.
Bullish Sentiment Building
PerseverantOne, a pseudonymous crypto analyst on Twitter, sees strong potential ahead for POLS. He notes that as a launch platform for new tokens in the Polkadot ecosystem, Polkastarter is well positioned to benefit as projects turn to it to build on Polkadot’s infrastructure:
“I expect it to reach around $10 this bull run, it may stall around $8 but if DOT sticks to the game plan and continues to launch great projects. It will hit the mark.”
New Projects Fuel Momentum
Polygon Stats points out a key factor fueling POLS’s surge – the recent launch of a new token inscription on Polygon PoS built using Polkastarter’s platform. This new token, following the PRC-20 standard, has seen gains of 10,000x from its initial mint price. As Polygon Stats notes, it is now Polkastarter’s 5th largest inscription by volume and top inscription by transaction count.
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Show more +Pnda, another crypto commentator, echoes the narrative of strengthening project pipeline and developments driving POLS higher. He sees the new IDOs and presales launching as aiming to tap into investor demand for early allocation access to hot new projects:
“POLS is starting to drop new IDOs and Presales. This is going at least to Last all time highs. Don’t be too late and Farm the free Money Presales!”
With analysts and observers pointing to both technical and fundamental factors aligning behind POLS, the token’s renewed push towards its former all-time high is clearly gathering strong momentum. As developments continue unfolding, POLS seems poised to leave behind its 2021 peak and set its sights on newer heights.
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