The RSI curve remained within the overbought zone, forming a constructive divergence that hints on the potential to achieve the blue sky zone round $7.00 within the close to future.
Conversely, the MACD indicator additionally signifies a bearish crossover together with purple bars on the histogram, pointing to a probably risky outlook within the upcoming classes.
Polkadot’s Web3 Basis Invests In US Treasuries
The Web3 Basis, related to the Polkadot community, has joined the pattern of crypto improvement groups allocating treasury belongings to real-world belongings. In a latest announcement on November 29, the Web3 Basis additionally revealed plans for a pilot funding of $1 million in U.S. treasury payments, tokenized on-chain by means of 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 Quick Treasury Fund, aiming to supply DAOs and different traders with publicity to short-term U.S. treasury invoice yields. This transfer underscores the Web3 Basis’s dedication to supporting the expansion of real-world belongings on Polkadot’s infrastructure.
“This partnership demonstrates Web3 Basis’s dedication to supporting the expansion and innovation of real-world belongings on Polkadot’s infrastructure,” the Web3 Basis mentioned. Moreover, Polkadot is engaged on a system to switch the parachain auctions.