in the latest episode market talksShow host and Head of Markets at Cointelegraph Ray Salmond sits down with Polkadot ambassador and content creator KryptosChain to discuss the current state of the cryptocurrency market and fierce competition Changes taking place in the Polkadot ecosystem.
According to KryptosChain, the cryptocurrency market may be turning the last corner of a bear market, with sentiment and money flows across the space steadily starting to improve.
“Overall, I do think the current market sentiment is driven by hype, but hopefully we can change that with corporate adoption and final approval of a spot bitcoin ETF”
He added: “In my opinion, next year’s Bitcoin halving will be the main driver of the start of a new bull market because of its history, and people will base the performance of the market on the history and the psychology surrounding it. I think 2024 At the end of the year — maybe summer, maybe fall — we’re going to see some big events.”
(embed) https://www.youtube.com/watch?v=etq6rOhVUfU(/embed)
When asked whether investors should trust a project based on the team’s goals and aspirations, or simply based on the token’s price, KryptosChain suggested:
“From my point of view it’s a mix, from what I’ve seen in the crypto community, most people are just in it for the money, and then there are some people involved for the technology and the money, and very little There are people (mostly developers) who are only involved for the technology’s sake because they believe technology can change the world and that Web3 is here to stay. In my opinion, as content creators, both are important. Technology matters, but if You’re going to invest in it, and you need to get something out of it. I think it’s also important to understand the market makers behind the project.”
related: Forget the price! polka dot Decoding 2023 says bear market is for construction
Polkadot’s revolution comes at the right time
KryptosChain is generally positive about the recent development of the Polkadot ecosystem and its views on changes, and excited about the new direction of the project.
“Polkadot is introducing so many technical updates to change the status quo and make the ecosystem truly interoperable, which is a big positive. Changes to forkless upgrades and parachain auctions are also coming, which is very exciting. ”
To learn more about Ray and the KryptosChain discussion at Polkadot Decoded 2023, listen to market talks, specifically for the new Cointelegraph Markets & Research YouTube Channel.
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This article is for general informational purposes only and is not intended and should not be construed as legal or investment advice. The views, ideas and opinions expressed here are solely those of the authors and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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