Polkadot (DOT) Price Prediction October 2025
1. Native Stablecoin Proposal (Mixed Impact)
Overview: The community is voting on RFC-155 to launch pUSD, a DOT-backed algorithmic stablecoin via Acala’s Honzon protocol. While 74.6% of votes (1.4M DOT) support it, approval requires 79.7%, with critics citing Acala’s 2022 aUSD exploit. Voting closes in ~3 weeks.
What this means: Success could boost DOT’s utility as collateral and reduce reliance on USDT/USDC, but failure or rushed implementation risks reputational damage. Mixed sentiment reflects cautious optimism.
2. Regulatory ETF Headwinds (Bearish Impact)
Overview: The SEC instructed issuers to withdraw spot ETF filings for altcoins like DOT on Sept 29, 2025, under new generic listing rules. While Grayscale and 21Shares still target a DOT ETF by November, approval hinges on DOT futures trading history (live since July 2024).
What this means: Delays or rejections could dampen institutional interest, but a 2025 approval might mirror Bitcoin ETF inflows. Immediate bearish pressure contrasts with long-term potential.
3. Supply Hard Cap & Upgrades (Bullish Impact)
Overview: Referendum 1710 (81% approval) set a 2.1B DOT supply cap, transitioning from 120M annual inflation to <20M by the 2030s. Coupled with Elastic Scaling (live on Kusama) and the JAM upgrade (Q4 2025), these changes aim to enhance scarcity and scalability.
What this means: Reduced sell pressure from inflation and tech improvements (e.g., 143K TPS capacity) could attract developers and long-term holders, aligning with historical scarcity-driven rallies.
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Polkadot’s price faces near-term regulatory friction and stablecoin uncertainty but is underpinned by deflationary tokenomics and scalability upgrades. Watch the pUSD vote outcome by mid-October and ETF updates in November – will DOT’s institutional narrative overcome macro skepticism?