The latest edition of Polkadot’s weekly digest has just been released.
Statistics and market indicators continued to favor DOT over the past week.

Dot [DOT] recently published the latest edition of its weekly summary, which details all the notable developments in the ecosystem over the past seven days.

The weekly digest first mentioned the adoption and implementation of Referendum 96, which resulted in the update of the Polkadot runtime to version 9340.

This has increased the maximum number of nominators receiving rewards per validator from 256 to 512. The third version of Polkadot’s XCM has been merged after 15 months of work. This enables bridges, cross-chain locking, exchanges, NFTs, conditionals, context tracking, and more.

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In addition, Polkadot 0.9.37 was released last week with medium upgrade priority, and DOT remained the second largest network in terms of number of developers.

Commendable achievement

Not only did Polkadot push out quite a few updates last week, but its performance on the price front was bullish as well. CoinMarletCaps data revealed that DOT was posting over 5% weekly gains, and at the time of writing, it was trading at $6.31 with a market cap of over $7.3 billion.

DOT’s on-chain stats also supported the network over the past seven days. For example, apart from a short drop, POINT‘s volume was constantly turned up.

DOT’s development activity actually increased significantly, which is indeed a positive sign. The altcoin also continued to be popular in the crypto space as its social volume increased. However, DOT’s one-week price volatility took a hit, which may have been contained POINT of registering more than 5% weekly profits.

Source: Sentiment

How many 1,10,100 DOTs worth today?

Sellers led the market

Take a look at DotThe daily chart showed that buyers had a clear advantage in the market over the past week. The MACD showed a bullish crossover early this year and the bulls have held the upper hand ever since.

DOT’s Money Flow Index (MFI) remained above the neutral boundary over the past week, further confirming the buyer advantage. The Relative Strength Index (RSI) also registered rebounds, but entered the overbought zone during the final days of the week.

Source: TradingView

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