Wednesday, September 27, 2023
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
BitScoop
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
BitScoop
No Result
View All Result
Home Crypto Updates

Web3 Nonetheless ‘Mega-Mega Bullish’ Regardless of Crypto Mayhem, Polygon Co-Founder Says

by BitScoop
June 16, 2022
in Crypto Updates
Reading Time: 3 mins read
A A
0
Web3 Nonetheless ‘Mega-Mega Bullish’ Regardless of Crypto Mayhem, Polygon Co-Founder Says
Share on FacebookShare on Twitter

[ad_1]

Web3 is just not about to collapse regardless of the adversity engulfing the crypto market.

The crypto winter is nearly actually “freezing” the stream of life into the digital forex ecosystem. However regardless of this, Polygon Co-Founder Sandeep Nailwal maintains a constructive angle within the face of uncertainty.

Whereas issues could also be rocky and overwhelming for Web3 and the crypto market proper now, the bearish market is claimed to push for a bullish flip anytime this 12 months. And this offers quite a lot of buyers that spark of hope.

Nailwal stays bullish for Web3 for a superb cause: The crypto storm is only a part, and seasons change, so he appears to be like on the larger image than dwell on its sorry state. Going for the macro, as a substitute of specializing in this season is the important thing to his bullish outlook.

Associated Studying | Bitcoin May Hit $100K By Yearend, Majority Of Fund Managers Predict, Primarily based On Survey

Polygon is unfazed by the present crypto market turmoil. Picture: VOI.

Nailwal Stays ‘Mega-Mega Bullish’

Nailwal took his bullish stance to Twitter, stating, “Lengthy-term Web3 stays mega-mega bullish, so newbies continue learning and builders preserve constructing!”

Whereas the bearish pattern can linger a bit, it might assist if the US Federal Reserve may crush the uncertainty that debilitates the market. Nonetheless, buyers can solely hope for one of the best on this sticky state of affairs with the growing inflation.

Nailwal believes that inflation could peak round three to 6 months, however there’s nonetheless optimism the US central financial institution will assist carry some semblance of normalcy in these difficult occasions.

Whereas many enterprise capitals are further cautious with their guess choices or the place they place their funds, thesis-based VCs will proceed to thrive. Most of those firms will flip their focus to liquid markets.

Crypto whole market cap at $885 billion on the day by day chart | Supply: TradingView.com

Web3 Witnesses Huge Layoffs, Crypto Selloffs

As the worldwide shares proceed to plunge, buyers are resorting to an enormous selloff of digital property tagged as high-risk. With crypto winter, trillions of {dollars} have been slashed from main cryptocurrencies, and the elevated volatility has triggered huge harm in each brief and lengthy positions.

Regardless that there’s a international weakening within the crypto economic system, with main crypto firms together with Coinbase, BlockFi, Gemini, and Crypto.com conducting mass layoffs, Polygon’s co-founder is agency together with his bullish outlook.

On the brighter aspect, Binance and Kraken are hiring extra workers regardless of the crypto storm. They don’t seem to be cost-cutting however making an attempt to be extra magnanimous and keep a constructive outlook within the wake of all these financial and crypto challenges.

For Polygon, Binance, and Kraken, the crypto winter is, in truth, one of the best time to develop, develop, and rent extra folks.

Associated Studying | Crypto Staff Sacked By Their Bosses Can Discover Jobs With This U.S. Company

Featured picture from Subsequent Massive Model, chart from TradingView.com

[ad_2]

Source link

Related articles

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

March 7, 2023
A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

March 7, 2023
Tags: altcoinsbitcoin pricebitcoin updatesbitscoopBullishCoFounderCryptocrypto newscrypto updateslatest bitcoin newsMayhemMegaMegaPolygonWeb3
Share76Tweet47
Previous Post

Espresso Techniques, a Scaling and Privateness Internet 3 Launches Cape Privateness Product on Testnet

Next Post

Bitso Processed $1B in Crypto Remittances Between Mexico and the US to this point in 2022

Related Posts

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

by BitScoop
March 7, 2023
0

Hut 8 Mining, one of North America’s largest digital asset miners, released its February production figures on Tuesday, reporting an...

A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

by BitScoop
March 7, 2023
0

The core argument in favor of approving a spot bitcoin ETF, at least at this time, is that the SEC’s...

XRP, MATIC Rebound on Tuesday, Following Recent Lows – Market Updates Bitcoin News

XRP, MATIC Rebound on Tuesday, Following Recent Lows – Market Updates Bitcoin News

by BitScoop
March 7, 2023
0

Xrp rose higher in Tuesday’s session, as prices continued to move away from a long-term support point. Overall, sentiment in...

New Layer-2 Network May Include AML measures, Coinbase CEO Says

New Layer-2 Network May Include AML measures, Coinbase CEO Says

by BitScoop
March 7, 2023
0

Due to this increased watch over the crypto space, many firms have been scrutinized and found non-compliant with specific rules....

Kraken to Open Crypto Bank Amid US Regulatory Dispute

Kraken to Open Crypto Bank Amid US Regulatory Dispute

by BitScoop
March 7, 2023
0

Kraken, one of the major cryptocurrency exchanges, confirmed its plans to launch a crypto banking suite in the foreseeable future....

Load More
Next Post
Bitso Processed $1B in Crypto Remittances Between Mexico and the US to this point in 2022

Bitso Processed $1B in Crypto Remittances Between Mexico and the US to this point in 2022

Circle, The Firm Behind The USDC Stablecoin, Proclaims Euro Coin

Circle, The Firm Behind The USDC Stablecoin, Proclaims Euro Coin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

March 7, 2023
Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

March 7, 2023
Guide to Using Multisig Wallets to Secure Your Crypto [2023]

Guide to Using Multisig Wallets to Secure Your Crypto [2023]

March 7, 2023
Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

March 7, 2023
Sepolia Testnet Faucet – What is a Sepolia Faucet?

Sepolia Testnet Faucet – What is a Sepolia Faucet?

January 9, 2023
Navigate (NVG8) raises $7M to construct crypto-based information monetization ecosystem » CryptoNinjas

Navigate (NVG8) raises $7M to construct crypto-based information monetization ecosystem » CryptoNinjas

June 8, 2022
Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

March 7, 2023
Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

March 7, 2023
Guide to Using Multisig Wallets to Secure Your Crypto [2023]

Guide to Using Multisig Wallets to Secure Your Crypto [2023]

March 7, 2023
Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

March 7, 2023
A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

March 7, 2023
Judges Consider Grayscale’s Arguments In Bitcoin ETF Hearing Against SEC

Judges Consider Grayscale’s Arguments In Bitcoin ETF Hearing Against SEC

March 7, 2023
Facebook Twitter LinkedIn Tumblr
BitScoop

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Bitscoop

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.