Defiance Capital Founder Proclaims 'Crypto Projects with PMF Will Thrive in Market Cycles'
CryptoNewsTerminal Staff06 Jul, 2024
Defiance Capital Founder Proclaims 'Crypto Projects with PMF Will Thrive in Market Cycles'
Defiance Capital founder Arthur Cheong has expressed his belief that cryptocurrency projects with proven product-market fit (PMF) and resilience will strengthen over multiple market cycles. He emphasized that projects lacking PMF, despite potentially having larger market capitalization, often suffer from low liquidity, overvaluation, and illiquidity, leading to an eventual decline in market caps. Cheong's insights highlight the importance of strong fundamentals and user adoption for long-term success in the cryptocurrency market.