Project roadmap and token price – which is most important?
Content creator KryptosChain explains why a project’s roadmap and token price are critical to its success, as well as the Polkadot ecosystem upgrades it’s most excited about.
On the latest episode of Market Talks, show host and Director of Marketing at Cointelegraph Ray Salmond sat down with Polkadot ambassador and content creator KryptosChain to discuss the current state of the virtual currency market and the upheaval taking place within the Polkadot ecosystem.
According to KryptosChain, the virtual currency market may be at the last corner of the bear market, with the overall market sentiment and capital flow gradually improving.
“Overall, I think the current market sentiment is hype-driven, but I hope that through gradual corporate adoption and eventual SEC approval of a spot bitcoin ETF, we can change that.”
He added: “In my opinion, I think next year’s bitcoin halving will be the main driver of the start of the new bull market, first of all because of its historical performance, people will predict the future based on historical market performance and psychological performance Where the market is headed. I think 2024, probably towards the end of summer or fall, we’re going to see some big moves.”
When asked whether investors should judge a project based on the goals and vision of the team, or simply choose projects based on the price of the token, KryptosChain suggested:
“From my point of view, and what I’ve observed in the virtual currency community, most people are just there for the money; then there are others for the technology and the money; and only a few, mostly developers, just for the technology. Because They believe it can change the world and that Web3 is here to stay. From my perspective as a content creator, both are important. Technology is important, but if you’re going to invest, you need to get something out of it. I I think it’s important to look at who is the market maker behind the project.”
Polkadot’s changes come at the right time
When we asked KryptosChain about the latest developments in the Polkadot ecosystem and his views on change, KryptosChain was very positive and excited about the new direction of the project.
“Polkadot is introducing a number of technical updates to drive change and make the ecosystem truly interoperable, which is a fantastic positive. Fork-free upgrades and adjustments to Parachain auctions are also upcoming exciting developments.”
To learn more about Ray and the KryptosChain discussion at Polkadot Decoded 2023, tune in to Market Talk, exclusively on the new Cointelegraph Markets & Research YouTube channel.