- Acala community launched its roadmap for 2023.
- Metrics and indicators appeared optimistic for MATIC, however a number of steered in any other case.
Acala, a decentralized finance community on Polkadot [DOT], revealed its roadmap for 2023 on 20 January. Reportedly, Acala’s workforce will give attention to engineering and progress in areas akin to safety, governance, and product improvement over the subsequent few months.
ACALA’S ROAD AHEAD FOR 2023 🚀
In accordance with @AcalaNetwork, over the subsequent 6-12 months, the workforce will give attention to engineering, progress, and product, esp 5 these areas:
👉 Safety & Monitoring
👉 Product Growth
👉 Institutional Integrations
👉 GovernanceParticulars 👇#Polkadot pic.twitter.com/zIl7snG72h
— Polkadot Insider (@PolkadotInsider) January 20, 2023
Learn Polkadot’s [DOT] Worth Prediction 2023-24
Acala’s future path might assist Polkadot attain new heights this yr whereas additionally including important worth to the community. Polkadot has already reached fairly a number of milestones, which was revealed by Electrical Capital’s annual report on 18 January.
1/ The @ElectricCapital annual report is out – and as soon as once more Polkadot is hitting all the precise notes when it comes to improvement exercise!
Try this 🧵for the highlights.https://t.co/gE5p99EyZn
— Polkadot (@Polkadot) January 18, 2023
A notable side of the report was the truth that Polkadot had expanded to over 200 full-time builders in simply over two years. On common, this course of takes over 4 years. Along with that, DFG’s newest report revealed that there was a rise within the variety of Polkadot mainnet validators over the last yr.
Which manner is DOT headed?
Polkadot’s on-chain metrics responded positively to those updates, as constructive sentiments round DOT remained steady during the last week. This mirrored the group’s belief within the community. The derivatives market additionally confirmed curiosity in DOT, as its Binance funding charge was persistently excessive.
Nonetheless, DOT’s quantity went down in the previous few days, which may be regarding for traders.
Supply: Santiment
Practical or not, right here’s DOT’s market cap in BTC’s phrases
The longer term seems to be good for Polkadot
Moreover, Polkadot’s MACD revealed that the bulls had been main the market, giving hopes for brighter days forward. Furthermore, the Chaikin Cash Movement (CMF) was additionally resting above the impartial place, which was a improvement in favor of the consumers.
The On Steadiness Quantity (OBV) remained excessive, additional rising the probabilities of a worth hike. Nonetheless, the Relative Energy Index (RSI) was nonetheless close to the overbought zone, which could prohibit DOT’s worth from going up within the brief time period.
Supply: TradingView
