Top Altcoin Picks by Venture Capitalist Arthur Cheong
Arthur Cheong, the CEO of DeFiance Capital, has identified three altcoins that he believes are fulfilling crypto’s strongest narratives. In an interview with the When Shift Happens YouTube channel, Cheong explains that crypto and blockchain technology are well-positioned to cater to the needs previously fulfilled by the fintech industry.
Cheong argues that while fintech no longer brings anything new to finance, decentralized finance (DeFi) is a different paradigm that offers a unique way of organizing the financial world. As a result, he is particularly bullish on DeFi protocols Synthetix (SNX) and Aave, as well as the crypto gaming project Axie Infinity (AXS).
A New Paradigm in Finance
Cheong believes that DeFi presents a sector worth investing in due to its fundamental differences from traditional finance. He views Synthetix and Aave as promising investments in this space, and he also sees potential in Axie Infinity because gaming is one of the few sectors that aligns well with crypto.
Hot Take: Crypto’s Strengths in Fulfilling Financial Needs
Cheong’s insights highlight the potential of crypto and blockchain technology to fulfill financial needs in innovative ways. While fintech may no longer offer significant advancements, DeFi presents a paradigm shift in organizing the financial world. By investing in altcoins like Synthetix, Aave, and Axie Infinity, you can tap into these emerging narratives and potentially benefit from their growth.
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