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

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.

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.

Polkadot’s Web3 Foundation Invests In US Treasuries

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.

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.

“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 system to replace the parachain auctions.