Venture capitalist Arthur Cheong speculates on the next 100x opportunities in the crypto space
Venture capitalist Arthur Cheong predicts that the next big opportunities in the crypto space will come from projects that do not have large amounts of venture capital backing and are not traded on centralized exchanges. He believes that these on-chain projects will offer significant gains compared to VC coins that have low float high FDV tokenomics and are being sold by airdrop farmers.
Akash Network: An “extremely promising” project
Cheong recently highlighted the cloud-focused decentralized finance protocol Akash Network as an “extremely promising” project with good fundamentals and industry tailwind. He points out that despite not being widely discussed on crypto Twitter, the project has already doubled in price over a week, demonstrating that chasing short-term narratives is not necessary to achieve significant gains. The Akash Network, which incorporates machine learning and AI, is currently trading at $1.48 with an 8.8% increase in the last 24 hours and a 148% increase in the last two weeks.
Hot Take: Look for on-chain projects with no VC investment and no CEX listing
According to Arthur Cheong, the next 100x opportunities in the crypto space will come from on-chain projects that do not have VC investment and are not listed on centralized exchanges. This approach challenges the traditional belief that VC-backed coins are the most promising. Cheong’s endorsement of Akash Network as an “extremely promising” project adds weight to his argument. Investors should consider exploring projects with these characteristics to potentially achieve significant gains.
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