- Polkadot achieved fairly a number of milestones final yr.
- The yr 2023 additionally seems promising for DOT.
Polkadot [DOT] not too long ago 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. For example, DOT had greater than 74 parachains, over 300 dapps, 550+ initiatives, and a couple of,500 month-to-month lively builders throughout the ecosystem.
This mirrored the recognition and reliability of the community. Furthermore, over 350,000 XCM transfers had 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 surprise of safe cross-consensus bridging to the remainder of the world.
1/ The Polkadot 2022 Roundup is right here🚀
Regardless of the troublesome yr for the business, the Polkadot and Kusama group had been busy constructing the biggest, & most numerous ecosystem of use case particular layer-1 blockchains on the earth, making large strides towards constructing a greater net. 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 yr regarded fairly good when it comes to what was occurring within the ecosystem. DOT has managed to stay one of many prime blockchains for its improvement exercise.
Month-to-month common lively builders vs. month-to-month code commits since launch of @Polkadot skilled an upward pattern total
Polkadot workforce retains contributing constantly to the community regardless of how the market is, effectively making 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 not too long ago decreased.
Moreover, after a pointy lower in November, DOT’s Binance funding charge 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.
What number of DOTs are you able to get for $1?
This may be anticipated
A couple of of the market indicators had been additionally supportive of a value hike this yr. The relative power index was hovering close to the oversold zone. DOT’s Cash Circulate Index additionally registered an uptick, which regarded promising for the community.
Nonetheless, the Exponential Shifting Common (EMA) Ribbon was bearish because the 20-day EMA was resting beneath the 55-day EMA. The Chaikin Cash Circulate (CMF) additionally went down, which may be troublesome.