Polkadot New Year’s Developments


Polkadot won many milestones last year. The year 2023 also looks promising for DOT. Polkadot [DOT] recently tweeted about the annual compilation of all the notable developments that took place in its environment in 2022.

The tweet mentioned several achievements. For example, DOT has more than 74 parachains, more than 300 dapps, more than 550 projects, and 2,500 developers working monthly in the ecosystem.

This shows the popularity and reliability of the network. In addition, more than 350,000 XCM have been sent and transmitted through the Polkadot environment, ushering in a new era of secure environment compatibility and taking an important step in introducing the phenomenon of consensus agreement between the rest of the world.

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How Did 2022 Happen?

Despite the bear market, the DOT’s past year has been pretty good in terms of what’s going on in the environment. DOT has managed to be one of the best blockchains for its development projects. Over the past three months, DOT metrics have also shown some interesting movements.

For example, its development activity has slowed down recently. In addition, after a sharp drop in November, Binance’s DOT coin volume has gradually increased, reflecting its demand in the industria market. The crypto community has talked about DOT with great enthusiasm, as it appears to be increasingly in the public domain. It can be expected.

Some of the market shows are also supporting higher prices this year. The relative strength index is hovering around the sell-off zone. DOT’s Cash Flow Index also recorded a rise, which seems promising for the network.

However, the moving average (EMA) is moving as the 20 day EMA breaks below the 55 day EMA. Chaikin Money Flow (CMF) is down, which can be a problem.

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