Chasing the next big opportunity in the world of bitcoin and altcoins is like a treasure hunt. Venture capitalist Arthur Cheong, known as the founder of DeFiance Capital, took the helm as a crypto mapper. Accordingly, he mapped the uncharted waters of where the next 100x opportunities could be. He has an ardent following of 150,000 dedicated enthusiasts. Accordingly, Cheong’s views determine the course of a unique investment strategy.
Paradigm shift in bitcoin and altcoin investment
Cheong’s claim challenges the conventional wisdom of crypto investing. He claims that the most significant gains in the crypto space will sprout from projects that lack significant venture capital (VC) support and stay away from centralized exchanges (CEXs). In his own words, Cheong said, “I firmly believe that most of the 100x opportunities going forward will be found on the chain with no VC investments and no CEX listings.” says.
This perspective is different. It causes him to move away from VC-backed projects and projects that are easily available on major exchanges. According to Cheong, many VC-backed coins have exaggerated valuations. It could also be stagnating due to the actions of airdrop farmers, who haphazardly dispose of tokens.
Spotlight on Altcoin Akash Network: An ‘extremely promising’ project
There is one of the projects that has caught Cheong’s attention lately. Akash Network (AKT), a decentralized finance (DeFi) protocol with a prominent focus on cloud computing. Cheong rates AKT as “extremely promising.” It has also witnessed its significant growth throughout 2023. In particular, the token has received little attention from the cryptocurrency community on Twitter. In just one week, it experienced a remarkable 2-fold increase in value.
This shows that investors do not have to constantly chase short-term narratives to make significant gains in the crypto market. Altcoin AKT’s success has a different side. Accordingly, it shows its place in projects that have strong foundations and are compatible with a favorable industry environment. It also serves as a testament to its long-term growth potential. Cheong also emphasizes that this particular wind has been in motion since January. On the other hand, he states that he confirms the feasibility of continuous growth opportunities.
price indicator
As of the last update, altcoin Akash Network is trading at $1.48. Accordingly, it indicates an increase of 8.8% in the last 24 hours. It ranks 105th by market value. Altcoin AKT has recorded a staggering 148% gain in just two weeks.
In summary, Arthur Cheong’s perspectives are important when we look at cryptokoin.com. Accordingly, it offers a refreshing perspective on identifying elusive 100x opportunities in the dynamic crypto universe. The recent rise of the altcoin Akash Network highlights the importance of fundamentals and a long-term vision in the cryptocurrency world.
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