23 Sept 2024
12

During a bear market, altcoins suffer, and DeFi-based altcoins tend to suffer the most. DeFi works phenomenally during a bull market as yields expand alongside the increase in token valuations. It’s all relative and works in favor of income-generative ideas. However, one must close shop and shift to alternative income-generative ideas when Winter arrives. This dynamic is why I have been such a strong advocate of WEB3, specifically SocialFi.

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