- Polkadot’s market cap witnessed a massive surge in the last two days
- DOT’s short-term outlook starts shifting in favor of the bulls, but a rally remains at bay
The Polkadot network seems to be concluding November on an interesting note courtesy of its Sub0 conference. The network released an update highlighting some developments that may lay the foundation for its 2023 progress.
Notably, Polkadot intends to focus heavily on smart contract development through Substrate. This underscores the network’s intention to facilitate more utility. The network also intends to pursue a deeper focus in the NFT segment. The latter was among the key growth drivers for many top blockchain networks.
Unfortunately, the network’s native cryptocurrency, DOT, continued to seek more downside despite the healthy development activity. This was because it remained heavily influenced by the bearish market conditions in the last six months.
(by Michael Nderitu)
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