Project roadmap or token price – which one is more important?

in the latest episode of market talkShow host and Cointelegraph Head of Market Ray Salmond sat down with Polkadot ambassador and content creator Cryptochain to discuss the current state of the crypto market and the dire situation. Changes happening in the Polkadot ecosystem,

According to Cryptochain, the crypto market is possibly approaching the end of the bear market, and across the sector, sentiment and money flow are starting to improve steadily.

“Overall, I think market sentiment is hype-driven right now, but hopefully, we can change that through enterprise adoption and eventual approval of the Spot Bitcoin ETF”

He continued, “In my opinion, I think the bitcoin halving next year will be the main driver for the beginning of a new bull market, because it has history, and people base market performance on the history and psychology surrounding it.” We do. I think 2024, toward the end — maybe summer or maybe autumn — is when we’re going to see some big activity.

When asked whether investors should trust projects based solely on the goals and aspirations of the team or the price of the token, Cryptochain suggested that:

“It’s a mix from my point of view, and from what I see in the crypto community, most people are just in it for the money, and then there are people who are in it for the technology and the money, and very few , who are mostly developers who are only in it for the technology because they believe it can change the world and Web 3 is here to stay. From my point of view, as a content creator, both are important Technology is important, but if you’re going to invest in it, you have to make some profit out of it as well. I think it’s also important to look at who are the market makers behind a project.”

Connected: Forget about price! polka dot Decoded 2023 says bear market is in the making

Change is bound to happen at the right time for Polkadot

In regards to his thoughts on recent developments and changes in the Polkadot ecosystem, Cryptochain was generally positive and excited about the project’s new direction.

“Polkdot is rolling out a lot of technical updates to change things, to make the ecosystem really interoperable, which is a huge positive. Forkless upgrades and changes to the parachain auction are also upcoming events that are quite exciting.

To hear more about Ray and the discussion of cryptochain at Polkadot Decoded 2023, listen market affairs, especially on new Cointelegraph Markets & Research YouTube Channel,

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