Moles (DOT) is a scalable blockchain that provides interoperability between different networks, as well as a secure protocol to connect different chains. In other words, it’s a web3 project aimed at developing the IT infrastructure for a decentralized web, at the center of which, along with other projects, will be Polkadot.

noble bill, a seasoned tech analyst on Wall Street, spoke of an inevitable “crypto spring.” Which means that the revival of the crypto market is very close, with Web3 as the next Internet, led by Polkadot and Ethereal.

Noble on the current state of the market: Will Polkadot win?

noble bill He believes that the current crypto winter has a long-term advantage: cleaning up the market and liquidating less viable projects. In fact, the analyst believes that previous market growth was driven by massive injections of liquidity by central banks.

He then argues that when central banks stopped printing money, that’s when the ‘2008 crash’ of cryptocurrencies occurred. Speculative assets, which should never have risen in the first place, rose correctly. back to zero.

Noble believes we can already see the first signs of crypto springthat is, a recovery of growth after the crash, in a way not very different from what happened in conventional financial markets from 2008 or 1987.

He also points out that several experts, including Warren Buffett himself, devalued the Internet and Amazon after the 2002 accident. However, Buffett said CNBC in 2019 that he was “a jerk for not buying” Amazon stock in the past.

Now, Noble is optimistic about Ethereal as the backbone of Web3. Indeed, he stated:

“Bear markets represent the best times to study and learn, because it is in these phases that the market decides who will win and who will lose. Web3 will be the next Internet, led by Ethereum and Polkadot.

Noble is also optimistic about privacy coins and supports the statements of the US National Security Agency whistleblower. edward snowdenwho affirms:

“Someday, your wealth could be used against you.”

In fact, the push by central banks towards centralized digital currencies will mean that all transactions will be observed and will create an incentive for the development of privacy coins such as zcash. Thus, privacy coins will go from being a tool for criminals to being used by ordinary people.

Polkadot Flow (DOT): Potential Good News for 2023

Polkadot has been experiencing negative weekly growth. in fact, recent CoinMarketCap the data says that DOT is down almost 3% in the last seven days. It was also listed on $4.49 with a market capitalization of more than $5.1 billion.

However, CryptoQuant The data revealed that this may change soon. According to CryptoQuant, the Relative Strength Index (RSI) and the Polkadot Stochastic were both in oversold positions. This was a major bullish indicator that suggested an expected rise in prices in the coming days.

Curiously, Moles Insidera famous Twitter handle which publishes updates related to the Polkadot ecosystem, revealed its weekly statistics. This further established Polkadot’s popularity in the cryptocurrency community.

Also, according to the tweet, Polkadot’s social engagement has exceeded 43 million, a testament to its popularity. Not only that, but the Polkadot Galaxy Score also seemed positive.

In fact, the official Polkadot Insider Twitter account says:

Thanks to @LunarCrushwe added some important social metrics about $ point 👇

Let’s take a look at our graph below. It will show you how the community feels about @Moles in the last 7D 🔥#Moles $point #POINT pic.twitter.com/iVQFkoaUrV

— Polkadot Insider (@PolkadotInsider) December 25, 2022

Furthermore, Polkadot metrics also showed signs of recovery, as most of the metrics suggested that the token price would increase in the coming days. For example, DOT Binance funding rate increased, reflecting its demand in the derivatives market.

DOT development activity also increased, which could be considered a positive sign. Polkadot also managed to maintain its popularity as its volume on social media increased in the past week.