Will Polkadot be the next EOS? Is Polkadot worth voting for?
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Market Interpretation
There is not much to say about the current situation of Bitcoin, and it has been in a state of shock.
The approximate price range is between $11,450 and $11,900.
Therefore, in the case of futures, it is volatile, long at the bottom, short at high, and the stop loss is easier to find.
The top is the previous high around 12000, and the bottom can be the previous low around 11370.
From the perspective of the daily line, it is very similar to the previous period, but I don’t know if it will fluctuate for so long.
Generally speaking, the current trend of the pancake is still relatively healthy. Before it breaks down around $10,900, I think mad bulls are very worth imagining.
However, many friends here are asking me for my advice on Polkadot. Today I will briefly talk to you about my views.
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Is Polkadot available?
First of all, for public chain projects, especially new public chains, my opinion has not changed: the risk is high but the benefits are also large.
Therefore, from an investment point of view, investing in such projects should mainly consider two issues.
The first is how the current currency environment is, and then whether there are hot spots.
As far as the specific project of Polkadot is concerned, the current environment of the currency circle is still good, and the bull market has a taste of rising.
Defi projects also brought up the fomo sentiment in the market.
Therefore, in terms of the first point, the Polkadot project has certain favorable conditions at the right time and place.
And the second point, whether there are hot spots, I think Polkadot has also caught up a lot, especially when there is a big correction in the current link.
The market seems to be looking for the next "link", and at this time, Polkadot created by Gavin Wood, one of the founders of Ethereum, was brought onto the stage.
And from the major communities and data, we can also see that Polkadot is in a very hot state now.
Therefore, to sum up the above two points, I think Polkadot can still allocate a part of it. The proportion of allocation is about 3% to 8% of the total assets (depending on your risk tolerance).
However, it should be noted here that our logic is based on the first point, when the general environment is still good.
For example, if Bitcoin has fallen here, and the market has returned to the previous suspicion of the bull market, it must be unfavorable for Polkadot.
When the bull market returns later, it will be hard to say whether Polkadot will still have the current popularity.
And this is why we recommend that you control the investment in a small proportion. As for the views on the project itself.
Personally, I am not particularly optimistic, because this project is actually a project at the same time as eos (2017).
If it is said that eos still has not squeezed out ether under such a strong heat, it has become more of a game of capital hype in the end.
Now Polkadot is not as hot and strong as EOS back then, so it is hard to think that it can achieve the vision it outlined.
