Polkadot shares exciting news but will this push DOT toward a bullish rally?

Polkadot’s latest news may spark a bullish sentiment in the price action of DOT considering that recovery was underway especially on the metric front. Will buyers require more conviction to kick-off a bullish rally?, on 10 October, the altcoin was unable to get past the $4 level. If this wasn’t all, sellers had a strong influence over the market.latest announcement. As per crypto reporter Colin Wu, Polkadot’s development agency announced a new community-focused plan.

Polkadot development agency Web3 Foundation announced a new plan to deploy US$22.08 million and 5 million DOTs throughout 2024, which will augment the community-governed funding mechanism from the Polkadot Treasury to help projects that will have a meaningful impact on the future…Furthermore, Web3 Foundation also took to X to share its views about the same. The Foundation highlighted the importance of a community.

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