The Polkadot (DOT) price is witnessing bullish momentum building at the moment, which is likely signaling further growth for the altcoin.

While DOT is expected to go further, how much can it rise with the institutional investors in its corner?

Polkadot Preferred by Institutions

As it is well known that institutions are the drivers of the bull run this year, it becomes important for cryptocurrencies to have their favor. Polkadot has successfully achieved this since the beginning of the year.

Since the beginning of the year, DOT has noted higher inflows than the likes of its competitors, such as Litecoin. Not only this but since March started, Polkadot’s inflows surpassed that of major cryptocurrencies – Ripple and Cardano. Both these tokens stand to be an institutional favorite, but DOT has managed to defeat them both.

This proves that institutions are observing potential in the altcoin that even the investors may not have recognized yet. The same is evident from the fact that Polkadot believes that cryptocurrency is undervalued a

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Author: Aaryamann Shrivastava

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