The Decline of Friend.tech: A Look at the Plummeting Metrics
Less than three weeks after its launch, the decentralizedWith normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the... More social network Friend.tech has experienced a significant drop in key metrics such as activity, inflows, and volume. Critics have already declared it ‘dead’ as buyers, sellers, inflows, and transactions have all taken a dive. This article examines the reasons behind this decline and explores the platform’s failure due to greed and poor execution. Despite attracting crypto and non-crypto influencers, Friend.tech’s fees have plummeted, daily transactions have declined over 90%, and the number of buyers and sellers has drastically decreased. In this article, we delve into the factors that led to this downfall and draw parallels to similar platforms that have faced a similar fate.
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