Token Projects Should be Built to Survive Bear Market Says Dragonfly Capital

IconCryptoNewsTerminal Staff07 Jul, 2024

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Token Projects Should be Built to Survive Bear Market Says Dragonfly Capital

Dragonfly Capital Partners, a notable crypto investment fund, recently shared its insights on the current market scenario. Haseeb Qureshi, a partner at Dragonfly, highlighted the importance of building token projects that can withstand bear markets. Qureshi emphasized that while many projects launch their tokens during bull markets, their long-term success depends on their ability to navigate bear markets effectively. He believes that launching tokens in market conditions that encourage long-term value accumulation for the token can be advantageous. This perspective underscores the need for token projects to focus on delivering real value and utility rather than solely relying on market hype. By building projects that address genuine problems and offer tangible benefits, teams can increase their chances of attracting and retaining users over the long term.

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