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alex
@proxystudio.eth
Category: Pain Tokens: $DEGEN, $HIGHER, $BUILD, $TN100x Notes: Our tokens are down bad. Tipping tokens across the board have taken serious hits, but pretty much any asset in the Farcaster ecosystem you want to talk about is down, regardless of distribution of supply, between 70-85% from highs. Curious to hear peoples thoughts: What brings a bid?
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Whalefund
@whalefund
Need more DAUs on Farcaster. April seemed close to break-through but since then it's just power badge accounts being visible on here which is tampering growth massively imo Social networks won't survive closing themselves off from new entrants this early. Churn of newly created accounts must be high atm.
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alex
@proxystudio.eth
So bid comes only if network grows?
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Whalefund
@whalefund
Yepp, that's my guess. If you overlay the DEGEN and FC DAU charts, they were both moving in unison until April. That's also how I joined. Felt like missing out on lots of alpha by just being on CT.
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alex
@proxystudio.eth
thats how I joined as well, and I posted that overlay a long time back. so if network growth takes a year, what happens to the FC token communitites?
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Whalefund
@whalefund
If BTC + ETH grow, I think FC dau + tokens will follow. Conversely, another prolonged macro bear would probably kill even leaders like DEGEN to the point of no return to prev ATHs. I doubt that FC coins are different from other coins that predominantly have their communities on TG + Twitter.
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