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avril
@avril
SocialFi projects are among the most unpredictable spheres I remember seeing numerous posts predicting the price of $FRIEND, with some bullish forecasts reaching as high as $10 per token Even recent projects like Clout were highly overrated, experiencing a rapid decline shortly after launch However, this wasn’t due to issues with the developers or the team The primary reason why SocialFi and related projects are often overrated lies within the community itself, where KOLs and influencers like Ansem, Murad, and others promote bullish narratives to benefit their own holdings This isn’t necessarily bad and can be seen as reasonable from an investor’s perspective. However, when the price predictions don’t materialize as expected, these projects often face backlash and user outflows The solution? Focus on building social networks, not finance-driven or ponzi-like projects that are likely to collapse within a few months Study Warpcast Study Kaito Study long-term sustainability
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Catch0x22 (2025 variant)
@catch0x22.eth
warpcast will be completely different, kaito also seems to be better thought out $friend i wouldn't even class as socialfi because the app barely worked
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VV 🎩
@valentinoviper
Thoughts on how Arena has tackled this on Avax? Been digging through, seems like coupling users with airdrops/tickets - badges to add the SocialFi element has been low-key there. They also have a launchpad for it coming soon, seems integration with the inflow $ gets spread to users there, but perhaps your latter statement will hold true to it once that simmers down. Seems like an ongoing problem
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