Web3 Still ‘Mega-Mega Bullish’ Despite Crypto Mayhem, Polygon Co-Founder Says | Bitcoinist.com

Bitcoinist

Web3 is not about to cave in despite the adversity engulfing the crypto market.

The crypto winter is almost literally “freezing” the flow of life into the digital currency ecosystem. But despite this, Polygon Co-Founder Sandeep Nailwal maintains a positive attitude in the face of uncertainty.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

While things may be rocky and overwhelming for Web3 and the crypto market right now, the bearish market is said to push for a bullish turn anytime this year. And this gives a lot of investors that spark of hope.

How To Get Free Crypto  

Nailwal stays bullish for Web3 for an excellent reason: The crypto storm is just a phase, and seasons change, so he looks at the bigger picture than dwell on its sorry state. Going for the macro, instead of focusing on this season is the key to his bullish outlook.

Related Reading | Bitcoin Could Hit $100K By Yearend, Majority Of Fund Managers Predict, Based On Survey

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!
Polygon is unfazed by the current crypto market turmoil. Image: VOI.

Nailwal Remains ‘Mega-Mega Bullish’

Nailwal took his bullish stance to Twitter, stating, “Long-term Web3 remains mega-mega bullish, so newbies keep learning and builders keep building!”

While the bearish trend can linger a bit, it would help if the US Federal Reserve could crush the uncertainty that debilitates the market. Still, investors can only hope for the best in this sticky situation with the increasing inflation.

Nailwal believes that inflation may peak around three to six months, but there’s still optimism the US central bank will help bring some semblance of normalcy in these challenging times.

Coinbase Banner  

While many venture capitals are extra careful with their bet selections or where they place their funds, thesis-based VCs will continue to thrive. Most of these companies will turn their focus to liquid markets.

Crypto total market cap at $885 billion on the daily chart | Source: TradingView.com

Web3 Witnesses Massive Layoffs, Crypto Selloffs

As the global stocks continue to plunge, investors are resorting to a massive selloff of digital assets tagged as high-risk. With crypto winter, trillions of dollars were slashed from major cryptocurrencies, and the increased volatility has triggered massive damage in both short and long positions.

Even though there is a global weakening in the crypto economy, with major crypto companies including Coinbase, BlockFi, Gemini, and Crypto.com conducting mass layoffs, Polygon’s co-founder is firm with his bullish outlook.

On the brighter side, Binance and Kraken are hiring more employees despite the crypto storm. They are not cost-cutting but trying to be more magnanimous and maintain a positive outlook in the wake of all these economic and crypto challenges.

FreeBitcoin Banner  

For Polygon, Binance, and Kraken, the crypto winter is, in fact, the best time to grow, expand, and hire more people.

Related Reading | Crypto Employees Sacked By Their Bosses Can Find Jobs With This U.S. Agency

Featured image from Next Big Brand, chart from TradingView.com

Go to Source
Author: Jet Encila


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.