The Acala Network has released its roadmap for 2023.
Statistics and indicators looked optimistic for MATIC, but a few suggested otherwise.
Acala, a decentralized financial network Dot [DOT]unveiled its roadmap for 2023 on January 20. Acala’s team is reported to be focusing on engineering and growth in areas such as security, governance and product development in the coming months.
THE ROAD OF ACALA FOR 2023 🚀
According to @AcalaNetworkthe team will focus on engineering, growth and product over the next 6-12 months, specifically in these areas:
👉 Security and surveillance
👉 Product development
👉 Institutional integrations
👉 BoardDetails 👇#Dot pic.twitter.com/zIl7snG72h
— Polkadot Insider (@PolkadotInsider) January 20, 2023
Read Polka dots [DOT] Price prediction 2023-24
Acala’s future path could help Polkadot reach new heights this year while adding significant value to the network. Polkadot has already reached quite a few milestones, Electric Capital’s revealed annual report on January 18.
1/ The @ElectricCapital the annual report is out – and once again Polkadot hits all the right notes on development activities!
Watch this 🧵 for the highlights.https://t.co/gE5p99EyZn
— Polkadot (@Polkadot) January 18, 2023
One notable aspect of the report was the fact that Dot had grown to over 200 full-time developers in just over two years. This process takes on average more than four years. In addition, DFG’s latest report revealed that a rise in the number of Polkadot mainnet validators over the past year.
Which way is DOT going?
Polkadot’s on-chain stats responded positively to these updates as positive sentiment around DOT held steady over the past week. This reflected community trust in the network. The derivatives market also showed interest in DOT as the Binance funding rate was consistently high.
However, POINTThe company’s volume has fallen in recent days, which may be a concern for investors.
Source: Sentiment
Realistic or not, here it is DOTs market cap in BTCs requirements
The future looks bright for Polkadot
Additionally, Dot‘s MACD revealed that the bulls led the market, giving hope for better days ahead. In addition, the Chaikin Money Flow (CMF) was also above neutral, which was a development in favor of the buyers.
The On Balance Volume (OBV) remained high, further increasing the likelihood of a price increase. Nevertheless, the Relative Strength Index (RSI) was still near the overbought zone, which could prevent the price of DOT from rising in the near term.
Source: TradingView
This post Dot [DOT] to rise even further in 2023 – Zo
was published first on https://ambcrypto.com/polkadot-dot-to-rise-even-further-in-2023-this-is-how/
