Project roadmap or token price — Which is most important?
In the latest episode of Market Talks, Cointelegraph host and head of market Ray Salmond sits down with ambassador Polkadot and content creator KryptosChain to discuss the current and drastic state of the crypto market. changes that occur in the Polkadot ecosystem.
According to KryptosChain, the crypto market may be turning its last corner into a bear market, and across the space, sentiment and money flows are continuing to improve.
“Overall, I think the current market sentiment is hype-driven, but hopefully, we can change that with corporate adoption and through the final approval of a spot Bitcoin ETF”
He added that, “In my opinion, I think next year’s Bitcoin halving is going to be a major driver of starting a new bull market, because of the history, and people are basing the performance of the market on history and the psychology around it. I think 2024, towards the end of — maybe summer or maybe fall — is when we’ll see some big activity.
When asked whether investors should believe in the project based on the goals and aspirations of the team, or just the price of the token, KryptosChain suggests that:
“It’s a mix from my perspective, and from what I’ve seen in the crypto community, the majority of people are in it just for the money, and then there are some people in it for the technology and the money. , and there are very few, most of whom are developers, who are just in it for the technology because they believe it can change the world and that Web3 is here to stay. From my point of view, as a content creator, both are important. Technology is important, but if you are going to invest in it, you also need to reap something from it. I believe it is also important to see who is the market maker behind a project.”
Related: Forget the price! Polkadot Decoded 2023 says a bear market is about to build
The time change is perfect for Polkadot
Regarding the latest developments in the Polkadot ecosystem and its views on change, KryptosChain is generally positive and excited about the project’s new direction.
“Polkadot introduced so many technical updates to change things, to make the ecosystem really interoperable, which is a big positive. The no-fork upgrade and changes to the Parachain auction are also quite exciting upcoming events.”
To hear more about Ray and KryptosChain’s discussion at Polkadot Decoded 2023, listen to Market Talks, exclusively at Cointelegraph Markets & Research YouTube channel.
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This article is for general informational purposes and is not intended to and should not be construed as legal or investment advice. The views, thoughts and opinions expressed here are those of the authors themselves and do not necessarily reflect or represent the views and opinions of Cointelegraph.
