Potential Altcoins to hold until uptrend. SocialFi system

Introducing SocialFi SocialFi is a combination of social media (Social Media) and decentralized finance (DeFi). SocialFi platforms provide a Web3 (decentralized) approach to creating, managing and owning social platforms and content generated by participants. SocialFi's focus is on providing freedom of expression as well as the ability to make money from following and interacting on social networks. Monetization often takes place in cryptocurrency, while digital identity and ownership management is driven by NFTs.

SocialFi can be considered a gateway for people to access a new concept: Web3 when social platforms built on Web2 have not really empowered individuals. Tokenization will change many social networks in the future, placing control and value in the hands of contributing individuals instead of previously being controlled by other parties. This focuses on the values of a fair, civilized ecosystem and more empowerment of individuals. While the Web3 story was unfinished at the end of last season, projects in the SocialFi segment will soon have a place to act when entering this uptrend. Let's find out what potential projects are with us!

Featured Altcoins Friend.
tech This is a decentralized application project built on Base, taking advantage of user data on social network X (Twitter). Users can buy and sell “keys,” linked to X accounts. These keys will provide access to private in-app chat rooms and exclusive content from that user. The platform taps into the so-called “market for your friends.”

The fact that each person controls their own key and earns quite a bit of profit from it has made this project quite hot and if customers' private information is well controlled, this project will still gain attention. much attention in the near future. Currently, Friend.tech has just released an advertisement for the launch of V2, which is expected to fall early this year. This is a move that shows that the project continues to develop to bring users the best experience.

Cyber
CyberConnect is a decentralized social network that emphasizes identity sovereignty towards mass adoption. Headquartered in Palo Alto, California, it provides a platform for users to take control of their online identities and relationships. The project's token was listed on Binance on August 15, 2023. Previously, Binance also introduced CYBER as its 37th launchpool project. After Binance Labs announced its investment in the decentralized social network CyberConnect, the token price increased by about 30%. % in 24 hours. This investment underscores Binance Labs' belief in SocialFi's potential to bring Web3 into the mainstream. Last July, Cyber launched V3 with many updates such as Cyber Network and Cyber Graph. The purpose of this new update is to resolve user identification and multi-chain synchronization issues (Ethereum, Polygon, BNB Chain). With an experienced team and highly appreciated by Binance, I believe this will be a bright spot in projects in the SocialFi segment.

Deso
Deso is a Layer 1 blockchain dedicated to DeSocial decentralized applications built on it. This is considered both a highlight and a challenge for this project when they build a platform blockchain to serve only one segment, but this also makes the fee they offer quite cheap compared to opponents. With a project from the previous cycle and a fairly rich ecosystem, I believe the potential for continued development in this cycle is completely feasible. Behind this project are many famous funds investing in such as Coinbase, Pantera, Polychain Capital,... With the hope of becoming a prominent name in the Web3 world and with financial potential in hand, this will be a name. Interesting for us to invest and hold until this uptrend.

(DESO has the top capitalization of projects in the SocialFi segment) \

summary
We have reached part 9 of the column “Potential Altcoins to hold until uptrend”. It can be seen that the recent parts have received less attention from people like the main narrative projects, but we cannot know which will be the areas that will be pumped strongly in this cycle. The only thing we can do is diversify our portfolio so we don't have to stand idly by while watching Altcoins in other fields increase sharply. SocialFi is a big change in the future and it won't become popular with most users overnight and needs time to develop. I believe that with the rapid growth of crypto along with the completion of the Web3 story, this will be an interesting point this season. Once again, it is necessary to reiterate that all 3 projects mentioned above are based on my personal opinion. There are still many projects in this field that have potential, but I will only summarize the 3 names mentioned above. If you love and have faith in SocialFi, learn more for yourself and make the right investment decisions. Good luck!