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Going forward, crypto firms with valid utility and use cases are the ones that will survive best, according to Nicholas Strange, founder of Seattle-based staffing firm Crypto Talent. Many cryptocurrency companies have already experienced downturns and have gotten better at managing their cash flow, Strange told CoinDesk. Additionally, quarter-over-quarter venture capital funding remains at record levels, and some venture capitalists could use this slowdown to continue funding promising crypto-related projects, Strange said.

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