Project roadmap or token price — Which is most important?

In the latest episode of market talkshow host and Head of Markets at Cointelegraph, Ray Salmond, sat down with Polkadot ambassador and content creator Cryptoschain to discuss the current state of the cryptocurrency market and fundamental issues. Changes Happening in the Polkadot Ecosystem.

According to Cryptoschain, the cryptocurrency market is probably turning the last corner of a bear market, with sentiment and capital flows starting to steadily improve across markets.

“Overall, I think the current market sentiment is overwhelmed by hype, and we hope to change that through corporate adoption and the eventual approval of the Spot Bitcoin ETF. .”

He added, “In my opinion, the Bitcoin halving next year will be the main driver for the start of a new bull market as we judge market performance based on the history of Bitcoin and the psychology surrounding it.” I think,” he added. Towards the end of 2024, probably in the summer or fall, we will see significant activity. ”

When asked whether investors should believe in the 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 varies. From what I see in the cryptocurrency community, the majority of people are only in for the money, but they are in for the technology and the money. And few people (mostly developers) are on board just for the technology, because they believe Web3 could change the world and it will live on. From my perspective as a content creator, both are important. Technology is important, but if you invest in it, you also need to get something out of it. I think it’s also important to pay attention to who the market makers behind the project are. ”

Related: Forget the price! polka dot 2023 Deciphered Says Bear Market Is For Construction

Polkadot needs change at the right time

Regarding his views on the recent development of the Polkadot ecosystem and its changes, KryptosChain was generally positive and excited about the new direction of the project.

“Polkadot is changing things up and introducing so many technical updates to make the ecosystem truly interoperable, which is a big plus. And it’s very exciting.”

If you want to hear more about Ray and KryptosChain’s discussion at Polkadot Decoded 2023, listen below. market talk, only about new Cointelegraph Markets & Research YouTube Channel.

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