I believe that Polkadot has given you a lot of surprises during the Chinese New Year this time. Many people cashed out because of the Chinese New Year or shipped out of fear. In addition, there were some news a few years ago that implied that Polkadot will There is a large number of unlocks or a lot of selling pressure in the market, causing many people to sell their Polkadots, causing many people to miss this wave of upswing.
Polkadot officially broke through $20 on February 8, and rose to a maximum of $32.9 on the 19th. It took only 12 days in the middle. Polkadot’s performance caused many people to break their thighs. Many people will have doubts about whether they can still enter now. field?
micro level
micro level
First of all, from a micro level, more and more institutions are entering the market to support the Polkadot ecology. A good public chain project needs a good ecology to support it. On February 9th, Web3 VentureCapital and DFG announced the establishment of Polkadot Ecological Fund with USD 10 million and USD 20 million respectively. DFG was established in 2015 and is one of the largest investment companies in Asia in the field of cryptocurrency, digital assets and blockchain technology. one. Prior to this, Binance, Huobi and OKEx have also expressed their strong support for Polkadot, and established a fund to promote the ecological development of Polkadot.
macro level
macro level
From a macro perspective, outside of Polkadot, the depreciation of the U.S. dollar has become an irreversible fact with the continuous adoption of U.S. quantitative policies. Countries have also been forced to print currencies because of U.S. policies. In this global Under the pressure of global inflation and currency devaluation, a means to counteract this situation can be said to be very important. And cryptocurrencies are slowly becoming this important means.
The attention and impressions of the traditional financial circles on the cryptocurrency world are also constantly increasing and changing. For example, Musk began to promote Bitcoin frequently, and even Tesla announced a change in its investment policy and began to increase its holdings of cryptocurrencies and gold. Note that a $1.5 billion Bitcoin investment is included. Even Microsoft co-founder Bill Gates has revealed that he has turned neutral on Bitcoin, following a scathing criticism of Bitcoin in May 2018, claiming he would short it if he could currency.
This also means that more funds and institutions will enter the market in the future. Although most of these traditional industry and institutional leaders currently only express their opinions on Bitcoin, the important thing is that they begin to recognize the value of cryptocurrency, and other projects will be affected later. Attention is only a matter of time.
No matter from the macro or micro point of view, Polkadot's future still has great potential. Next, let's look forward to what kind of height the blockchain world can reach!
