DeFiance Capital founder: The market will favor crypto projects with proven product-market fit and resilience over multiple cycles
Odaily2024/07/06 12:18
By:Odaily
Odaily News Arthur Cheong, founder and CEO of DeFiance Capital, said in an article on X that the
market may turn to favor crypto projects that have proven their product-market fit (PMF) and resilience over multiple market cycles. These projects may be re-rated with higher market capitalizations, while those with low circulation, high market capitalization (FDV), and continued hype will have little effect. Some of these companies are cheaply valued and have even become more dominant in the past few years. Eventually, their P/E ratios will no longer be less than 20 times.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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