RE: Portfolio19 Jul 2025 00:30
Seen an interesting post on coinmarketcap
Polkadot’s @$DOT has surged 32% in 10 days as founder Gavin Wood unveils plans to replace its costly $500M/year staking model with a novel Proof-of-Personhood (PoP) system. The proposal, revealed at Berlin’s Web3 Summit, aims to slash security costs by 80%, cap DOT supply at 3.14B, and turn Polkadot into a potential store-of-value.
The PoP model would replace inflationary validator rewards with fixed salaries and biometric KYC—positioning @$DOT as a B$BTC-style asset amid altseason tailwinds and U.S. crypto regulation progress.
@$DOT is currently testing resistance at $4.34, with eyes on $5.44 and $6.50 if momentum holds. A short-term correction to $4.00 is possible as RSI cools, but the macro trend remains bullish.
If the community backs Wood’s proposal, and attention returns to Layer-O innovation, a return to double digits in July 2025 isn’t off the table.
Taken from this news
https://cryptonews.com/news/polkadot-price-prediction-proof-of-personhood-plans-unveiled/