The bull market has shown signs of arrival as the ecosystem looks forward to a market revival after two years. In Web3, bear markets are generally considered the best time to build, so that the products can withstand all adverse conditions and still learn to thrive and scale. However, sentiment plays an important role in crypto, meaning that builders/ consumers are more optimistic about products when the market is up.
New builders will be more encouraged to build something from the scratch amidst the larger optimism so that they can reach an equally enthusiastic lot of consumers. So those who have spent the last two years keeping a close watch on the market dynamics and the token movements might face a tougher time creating something due to the funding shortage. With several projects collapsing and others falling short of their initial hype, investors have tightened their pockets.
This story is from the MAY 2024 edition of Entrepreneur magazine.
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This story is from the MAY 2024 edition of Entrepreneur magazine.
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