Polka dot [DOT] Merchants can dress up in holy dress for the New Year because…

  • Polkadot has had quite a few milestones in the past year.
  • The year 2023 also looks promising for DOT.

Polka dot [DOT] He recently tweeted about his annual feed, noting all of the notable developments that occurred in his ecosystem in 2022.

The tweet spoke of several accomplishments. For example, DOT has had 74+ parachains, 300+ dapps, 550+ projects, and 2,500 monthly active developers across the ecosystem.

This reflects the popularity and reliability of the network. In addition, the Polkadot ecosystem has sent more than 350,000 XCM transmissions, ushering in a new era of secure cross-chain interoperability and taking an important step toward bringing the marvel of secure cross-consensus communication to the rest of the world.


Read polka dots [DOT] predict the price 2023-24


How was 2022?

Despite the bear market, the last year in the DOT looked pretty good in terms of what was happening in the ecosystem. DOT has managed to remain one of the best blockchains in its development activity.

during the past three months, PointThe s-metrics also showed some interesting movements. For example, its development activity has recently decreased.

In addition, after a sharp decline in November, DOT’s Binance funding rate has continued to rise, which proves the demand in the derivatives market. The cryptocurrency community has also spoken about DOT with the most excitement, as evidenced by its growing social dominance.

Source: feeling


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This is what I expected

Some market indicators also supported the rise in prices this year. The RSI is hovering near the oversold area. PointThe Money Flow Index also posted a promising rise for the network.

However, the EMA’s range was bearish as the 20-day EMA held below the 55-day EMA. Chaikin’s money flow (CMF) has also decreased, which can be annoying.

Source: TradingView

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