DOCK is a native utility token on the Dock network, which is designed to provide a way to issue and manage universal, individually-owned, tamper-proof credentials. Blockchain technology ensures that the credentials are secure and instantly verifiable, proving Dock’s usefulness in many areas such as healthcare, education, supply chain management. Dock mainnet was launched in September 2020.
Dock provides tools for developers to build customized apps that can issue credentials. There’s Dock’s demo app, Certs, which is available to try on their website, as well as a verifier for W3C credentials. W3C had also provided a grant to Dock early on, which raised its trustworthiness level.
In the first phase after the mainnet’s launch, Dock has used Proof-of-Authority (PoA) consensus protocol, when verificators were chosen by a governing body overseeing the network’s development, called Dock Association. This is going to change in July 2021, when the project is slated to undergo a transition into the next phase, replacing PoA with PoS — Proof-of-Stake. This news is exciting for DOCK token holders since the changes will allow them to expand their use of the tokens, which will include voting to elect governing Council members or running a validating node. By enabling this, the update will build upon the current incentive structure, where tokens have three purposes: governance, staking and validating, and facilitating network operations.
After the initial DOCK token sale in early 2018 and its subsequent appearance on the market, it briefly generated a lot of interest. DOCK’s price surged to the all-time high of $0.2427 on May 4, 2018. Later, as the project was being developed and went through testing, DOCK trading went dormant, keeping at ~$0.01 or below until the summer of 2020. At that point, in the anticipation of the mainnet launch, the price had climbed up a little, reaching $0.03 in August. After the next lull which went on from late autumn to early winter, DOCK’s price shot up, following the crypto market trend and fueled up by some important changes in early 2021, such as the introduction of governance features, token migration from Ethereum to Dock’s own chain in the Polkadot ecosystem, and the preparations for the Proof-of-Stake launch. All of those factors enabled DOCK’s price to reach as high as $0.17 in April. Notably, while the crypto market, in general, has crashed very hard in June 2021, DOCK’s downward climb has been very slow so far, finishing the month at around $0.08. This points to a sustained interest in the project and the product it’s offering.
Despite the fact that 100% accurate technical analysis for Dock cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated DOCK buy-and-sell rating for selected timeframe. The summary for DOCK/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Below we have collected the most reliable price projections for Dock (DOCK) from popular forecast platforms.
According to WalletInvestor, Dock price will grow from $0.08536 to $0.157 in one year. That makes DOCK an awesome investment. The long-term earning potential is 83.93%. Predicted price for the end of 2026 is $0.398.
In DigitalCoin analysis, the price of Dock cryptocurrency will rise in the next 5 years starting from $0.0842542 as of today’s price to $0.2675443. It will go up to $0.1392266 by 2022 and continue its growth in 2023–2024. Based on this forecast, Dock is a profitable long-term investment.
As it can be clear from the analysis cited above, Dock (DOCK) projections are rather contradictory. There is no universal consensus either about positive or negative future DOCK price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Dock projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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