The crypto ecosystem is constantly evolving, despite the downward trend in the market. Moreover, certain sectors continue to prosper. According to Arthur Cheong, two of them, however, deserve special attention.
Arthur Cheong, a well-known figure in the crypto market
Arthur Cheong is the founder of DeFiance Capital. It is an investment company specialized in Web3 and crypto. Arthur Cheong is also considered to be a major venture capitalist.
On a long thread of tweets, he reveals two crypto sectors that deserve special attention despite the current crypto market context. These are liquid staking and decentralized exchange (DEX).
Liquid staking
Liquid staking is a common practice in the crypto market. Currently, the wait time for staking Ethereum (ETH) is 40 days. According to Arthur Cheong, this proves that supply is greater than demand. But not only ! This also connotes a growing enthusiasm for this practice.
“Investors who dare to take risk and invest in liquid staking today can be rewarded in the future,” said Arthur Cheong in his tweet.
Decentralized exchanges
Arthur Cheong also believes that decentralized exchanges are also part of these crypto sectors sheltered from the lukewarm market. According to him, the best DeFi (Decentralized Finance) teams design impressive and innovative products in this domain.
“This sector generates 10 to 15 billion in turnover per year”, underlines the founder of DeFiance. This connotes a certain level of resilience of this sector. But above all, it proves the capacity of the sector to generate significant revenue.
Decentralized crypto exchanges thus represent an attractive and promising sector for crypto investors. They can also pay off big (provided, of course, that you adopt an effective investment strategy).
Cheong advises his followers to invest in liquid staking and decentralized exchanges (DEXs). Despite the sluggish crypto market conditions, he believes these sectors continue to grow. They may even turn out beneficial in the medium and long term.
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