Venture capitalist Arthur Cheong, who is active in the cryptocurrency field, has shared his ambitious goals with investors regarding where the next 100x opportunity will be. The founder of DeFiance Capital, Cheong, says that he believes crypto projects that do not have significant venture capital support and are not traded on centralized exchanges (CEX) will start offering the most important gains.
Arthur Cheong, a well-known crypto investor in the cryptocurrency markets, mentioned opportunities that could provide gains up to 100x for investors in the coming years. In his statements, he said:
I am absolutely convinced that most of the future 100x opportunities will be found in chains without venture capital investment and CEX listings. Meanwhile, most VC cryptocurrencies will continue to decline due to being sold only by obvious low volatility high FDV (fully diluted valuation) tokens and airdrop pairs.
A DeFi expert recently drew attention to Akash Network (AKT), a cloud-centric decentralized finance (DeFi) protocol that has seen a significant price increase so far in 2023, stating that it is an “extremely promising” project. The expert said the following about the subject:
An extremely promising project with strong fundamentals and industry momentum. I warned about it twice in social communities related to the cryptocurrency markets on Twitter when almost no one else was talking about it. This confirms that you don’t have to research every short-term narrative to make big profits since this momentum has been active since January.
Akash Network, which combines machine learning and artificial intelligence (AI), is trading at $1.48 at the time of writing, with an 8.8% increase in the last 24 hours. The cryptocurrency, ranked 105th according to market value, has increased by over 148% in the past two weeks.