- Acala community launched its roadmap for 2023.
- Metrics and indicators regarded optimistic for MATIC, however a couple 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 group will concentrate on engineering and progress in areas corresponding to safety, governance, and product growth over the following few months.
ACALA’S ROAD AHEAD FOR 2023 🚀
In response to @AcalaNetwork, over the following 6-12 months, the group will concentrate on engineering, progress, and product, esp 5 these areas:
👉 Safety & Monitoring
👉 Product Improvement
👉 Institutional Integrations
👉 GovernanceParticulars 👇#Polkadot pic.twitter.com/zIl7snG72h
— Polkadot Insider (@PolkadotInsider) January 20, 2023
Learn Polkadot’s [DOT] Value Prediction 2023-24
Acala’s future path may assist Polkadot attain new heights this 12 months whereas additionally including important worth to the community. Polkadot has already reached fairly a couple 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 appropriate notes by way of growth exercise!
Try this 🧵for the highlights.https://t.co/gE5p99EyZn
— Polkadot (@Polkadot) January 18, 2023
A notable facet 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 past 12 months.
Which approach is DOT headed?
Polkadot’s on-chain metrics responded positively to those updates, as constructive sentiments round DOT remained secure 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 price was constantly excessive.
Nonetheless, DOT’s quantity went down in the previous few days, which is perhaps regarding for traders.
Reasonable or not, right here’s DOT’s market cap in BTC’s phrases
The long run seems 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 Move (CMF) was additionally resting above the impartial place, which was a growth in favor of the consumers.
The On Steadiness Quantity (OBV) remained excessive, additional growing the probabilities of a value hike. Nonetheless, the Relative Energy Index (RSI) was nonetheless close to the overbought zone, which could limit DOT’s value from going up within the quick time period.