Rally

Polkadot

Foundation

Centrifuge

<p>DOT, the native cryptocurrency of the Polkadot ecosystem is making strong moves gaining more than 6.25% in the last 24 hours and trading at $5.50 levels. The DOT price is undergoing a trend reversal from its lows of $3.50, experiencing a notable surge of over 55%. Additionally, the price action indicates significant efforts by buyers as they target the $6.00 mark.</p>
<h3 id="dot-price-can-rally-to-7-0">DOT Price Can Rally to $7.0</h3>
<p>Technical indicators suggest that the <a href="https://coingape.com/price/polkadot/" target="_blank" rel="noopener noreferrer nofollow">DOT price</a> has maintained its gains in neutral territory, with expectations of reaching the swing high point of $7.00 in the upcoming sessions.</p>
<p>Trading above crucial moving averages, the DOT price demonstrates strength. Furthermore, the current price action favors the bulls, indicating the potential for DOT to enter the blue sky zone above $7.00 and experience a significant surge in the next few sessions.</p>
<p>At press time, DOT is trading at $5.5 with its 24-hour trading volumes jumping by 51% to $288 million. The observed price action also reflects investors’ interest and commitment to maintaining a bullish sentiment. Currently, DOT is trading very close to its previous rejection levels of $5.73.</p>
<p><img decoding="async" class="aligncenter size-full wp-image-167114" src="https://coingape.com/wp-content/uploads/2023/12/Polkadot-DOT-Price-Action.png" alt="" width="1600" height="752" srcset="https://coingape.com/wp-content/uploads/2023/12/Polkadot-DOT-Price-Action.png 1600w, https://coingape.com/wp-content/uploads/2023/12/Polkadot-DOT-Price-Action-300x141.png 300w, https://coingape.com/wp-content/uploads/2023/12/Polkadot-DOT-Price-Action-1224x575.png 1224w, https://coingape.com/wp-content/uploads/2023/12/Polkadot-DOT-Price-Action-768x361.png 768w, https://coingape.com/wp-content/uploads/2023/12/Polkadot-DOT-Price-Action-1536x722.png 1536w, https://coingape.com/wp-content/uploads/2023/12/Polkadot-DOT-Price-Action-150x71.png 150w" sizes="(max-width: 1600px) 100vw, 1600px"></p>
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            <p>The RSI curve remained in the overbought zone, forming a positive divergence that hints at the potential to reach the blue sky zone around $7.00 in the near future.</p>
            <p>Conversely, the MACD indicator also indicates a bearish crossover along with red bars on the histogram, pointing to a potentially volatile outlook in the upcoming sessions.</p>
            <h3 id="polkadot-s-web3-foundation-invests-in-us-treasuries">Polkadot’s Web3 Foundation Invests In US Treasuries</h3>
            <p>The Web3 Foundation, associated with the Polkadot network, has joined the trend of crypto development teams allocating treasury assets to real-world assets. In a recent announcement on November 29, the Web3 Foundation also revealed plans for a pilot investment of $1 million in U.S. treasury bills, tokenized on-chain through Anemoy.</p>
            <p>Anemoy operates on Centrifuge Chain, a Polkadot parachain focusing on real-world assets (RWA). The investment is directed towards Anemoy’s upcoming Liquid Short Treasury Fund, aiming to provide DAOs and other investors with exposure to short-term U.S. treasury bill yields. This move underscores the Web3 Foundation’s dedication to supporting the growth of real-world assets on Polkadot’s infrastructure.</p>
            <p>“This partnership demonstrates Web3 Foundation’s commitment to supporting the growth and innovation of real-world assets on Polkadot’s infrastructure,” the Web3 Foundation said. Additionally, Polkadot is working on a <a href="https://coingape.com/polkadot-plots-end-to-parachain-auctions-heres-the-new-plan/" target="_blank" rel="noopener noreferrer nofollow">system</a> to replace the parachain auctions.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://coingape.com/dot-price-jumps-6-as-polkadot-announces-on-chain-treasury-investments/">DOT Price Jumps 6% As Polkadot Announces On-Chain Treasury Investments</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coingape.com">CoinGape</a>.</p>

DOT Price Jumps 6% As Polkadot Announces On-Chain Treasury Investments

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