- Polkadot achieved fairly a couple of milestones final 12 months.
- The 12 months 2023 additionally seems to be promising for DOT.
Polkadot [DOT] lately tweeted about its yearly roundup mentioning all of the notable developments that occurred in its ecosystem in 2022.
The tweet talked about a number of achievements. As an illustration, DOT had greater than 74 parachains, over 300 dapps, 550+ initiatives, and a couple of,500 month-to-month energetic builders throughout the ecosystem.
This mirrored the recognition and reliability of the community. Furthermore, over 350,000 XCM transfers have been despatched by the Polkadot ecosystem, ushering in a brand new age of secure cross-chain interoperability and taking a major step towards bringing the marvel of safe cross-consensus bridging to the remainder of the world.
1/ The Polkadot 2022 Roundup is right here🚀
Regardless of the tough 12 months for the business, the Polkadot and Kusama group have been busy constructing the most important, & most various ecosystem of use case particular layer-1 blockchains on this planet, making large strides towards constructing a greater internet. pic.twitter.com/sGZDz0zHIW
— Polkadot (@Polkadot) December 31, 2022
Learn Polkadot’s [DOT] PricePrediction 2023-24
How was 2022?
Regardless of the bearish market, DOT’s final 12 months seemed fairly good by way of what was occurring within the ecosystem. DOT has managed to stay one of many high blockchains for its improvement exercise.
Month-to-month common energetic builders vs. month-to-month code commits since launch of @Polkadot skilled an upward pattern general
Polkadot workforce retains contributing constantly to the community regardless of how the market is, properly getting ready for the following bullish pattern 😎 #Polkadot #DOT $DOT pic.twitter.com/wgumdcMZip
— Polkadot Insider (@PolkadotInsider) December 31, 2022
During the last three months, DOT’s metrics additionally confirmed some fascinating actions. For instance, its improvement exercise has lately decreased.
Moreover, after a pointy lower in November, DOT’s Binance funding fee went up constantly, which proved its demand within the derivatives market. The crypto group additionally talked about DOT with utmost pleasure as evidenced by its social dominance improve.
Supply: Santiment
What number of DOTs are you able to get for $1?
This may be anticipated
A number of of the market indicators have been additionally supportive of a worth hike this 12 months. The relative energy index was hovering close to the oversold zone. DOT’s Cash Movement Index additionally registered an uptick, which seemed promising for the community.
Nonetheless, the Exponential Transferring Common (EMA) Ribbon was bearish because the 20-day EMA was resting under the 55-day EMA. The Chaikin Cash Movement (CMF) additionally went down, which may be troublesome.
Supply: TradingView
