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The RSI curve remained within the overbought zone, forming a optimistic 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 unstable outlook within the upcoming classes.
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 property to real-world property. 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 by Anemoy.
Anemoy operates on Centrifuge Chain, a Polkadot parachain specializing in real-world property (RWA). The funding is directed in direction of Anemoy’s upcoming Liquid Short Treasury Fund, aiming to supply DAOs and different buyers 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 property 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 exchange the parachain auctions.
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