Going forward, crypto companies with valid use cases and utility are the ones that will best survive, according to Nicholas Strange, founder of Seattle-based hiring firm Crypto Talent. Many crypto firms have been through downturns before and have become better at managing their treasuries, Strange told CoinDesk. Additionally, quarter-over-quarter venture capital funding remains at all-time highs, and certain VC firms may use this downturn to continue funding promising crypto-related projects, Strange said.
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