Polkadot has seen a jump of 18% over the past 24 hours to push it up to $53. This means the coin is trading at all-time highs, taking out levels close to $50 seen back in May.

As we flagged a month ago (when the price was considerably lower), we think that DOT has good commercial value, given the fact that it supports cross-chain development between different networks. Our price target based on technicals was set at $100 for year end back then and we see no reason to change that at present.

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