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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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avril
@avril
overall, the team cashed out & disappeared right after listing, didn’t even wait for a glimpse of potential brightness to their project
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Catch0x22 (2025 variant)
@catch0x22.eth
yeah that part imo something happened internally, many such cases
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