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Polkadot’s rally in the near-term is subject to these factors
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Gavid Wood’s indication that the DOT treasury has 18.9 million tokens (amounting to $826.497 million at press time) ready to be spent on the development of the ecosystem, invited heightened anticipation for Polkadot. For close to three months now, Polkadot has had a sustained rally with occasional speed breakers but an all-in-all-good run.
As BTC regained momentum and at press time noted a 4.30% rise to $62,000, major altcoins followed suit. Polkadot, too, looked primed for a breakout this time as it oscillated at $43.59 and noted 2.15% daily gains.
On 22 October, PolkaPet World, the Polkadot ecosystem NFT project in partnership with 21 of the biggest Polkadot projects, announced that the first-round funding for its highly anticipated PETS
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