The RSI curve remained within the overbought zone, forming a optimistic divergence that hints on the potential to succeed in the blue sky zone round $7.00 within the close to future.
Conversely, the MACD indicator additionally signifies a bearish crossover together with pink bars on the histogram, pointing to a doubtlessly unstable outlook within the upcoming periods.
Polkadot’s Web3 Foundation Invests In US Treasuries
The Web3 Foundation, related to the Polkadot community, has joined the development of crypto growth groups allocating treasury belongings to real-world belongings. In a current announcement on November 29, the Web3 Foundation additionally revealed plans for a pilot funding of $1 million in U.S. treasury payments, tokenized on-chain via Anemoy.
Anemoy operates on Centrifuge Chain, a Polkadot parachain specializing in real-world belongings (RWA). The funding is directed in the direction of Anemoy’s upcoming Liquid Short Treasury Fund, aiming to offer DAOs and different traders with publicity to short-term U.S. treasury invoice yields. This transfer underscores the Web3 Foundation’s dedication to supporting the expansion of real-world belongings on Polkadot’s infrastructure.
“This partnership demonstrates Web3 Foundation’s commitment to supporting the growth and innovation of real-world assets on Polkadot’s infrastructure,” the Web3 Foundation stated. Additionally, Polkadot is engaged on a system to interchange the parachain auctions.
