History doesn’t always repeat, but it certainly rhymes. February has generally been a bullish month for the overall crypto industry and this month did not fall short! After recent ETF approvals and cooling inflation, one thing we can be sure, volatility is definitely here. Will the expectations of rate cuts later this year be enough to 100% restore confidence in the market and further sediment what we are now calling a bull market?
Total Crypto Market Cap: $2.44T (+41.37%)
DeFi TVL: $96.09B (+52.92%)
Stablecoins: $141.221B (+4.45%)
Crypto has always been a community sport. Communities are what define meaning in this industry - whether it is the meme of Bitcoin being seen as a hard asset or an NFT project being feted as the next big IP to capture minds across the globe after Pokemon and Barbie.
The communities that form around these assets rally around shared schelling points of interest, creating vibrant, albeit transient, ecosystems. As fascinating as these formations are, several often face the inevitable entropy - shifts in interest, dwindling participation, and a loss of vision, eventually fading into echoes of a once-lively "discord/telegram chat I used to know."
<aside> 🔎 The fleeting nature of attention within these groups underscores a significant challenge: sustaining long-term engagement.
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