Ethereum

Arthur

Famed venture capitalist Arthur Cheong has made a bold prediction that two crypto sectors are on the rise, despite sluggish market conditions, suggesting that today&#8217;s investors may well be tomorrow&#8217;s winners. Here are the two crypto sectors Cheong has pinpointed and the accompanying details. 
<h2 style="text-align: justify;" id="span-data-contrast-auto-liquid-staking-and-decentralized-derivative-exchanges-on-cheong-8217-s-radar-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Liquid Staking and Decentralized Derivative Exchanges on Cheong&#8217;s Radar </h2>
The founder of DeFiance Capital, Cheong, has indicated that liquid staking and decentralized derivative exchanges are worth keeping a close watch on. Speaking out to his followers on Twitter, Cheong made the following statement: 
<blockquote>
Despite the stagnant market conditions in the crypto sector, there are still two sectors growing rapidly. Those who are currently very cautious and willing to take risks will be well rewarded in the future. The first of these crypto sectors is the liquid staking sector. The queue time for staking ETH is currently over 40 days, and the demand for staking far exceeds the supply <a href="https://en.coin-turk.com/ethereum-eth-breaking-barriers-or-sliding-further-a-comprehensive-market-analysis/" target="_blank" rel="noopener" data-wpel-link="internal">Ethereum</a> can provide. The second crypto sector is decentralized derivative exchanges. We see some of the best DeFi teams developing impressive products here. Even in a bear market, there&#8217;s still a potential annual revenue of 10-15 billion dollars. 
</blockquote>
<img decoding="async" loading="lazy" class="aligncenter wp-image-81412 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/05/crypto-4.png" alt="" width="1914" height="1010" srcset="https://en.coin-turk.com/wp-content/uploads/2023/05/crypto-4.png 1914w, https://en.coin-turk.com/wp-content/uploads/2023/05/crypto-4-300x158.png 300w, https://en.coin-turk.com/wp-content/uploads/2023/05/crypto-4-768x405.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/05/crypto-4-1536x811.png 1536w, https://en.coin-turk.com/wp-content/uploads/2023/05/crypto-4-1200x633.png 1200w" sizes="(max-width: 1914px) 100vw, 1914px" />
<h2 style="text-align: justify;" id="span-data-contrast-auto-cheong-sees-decentralized-crypto-exchanges-holding-the-advantage-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Cheong Sees Decentralized Crypto Exchanges Holding the Advantage </h2>
Last week, Cheong noted on his personal Twitter account that the volumes of decentralized crypto exchanges have reached an all-time high compared to centralized crypto exchanges like Binance, Coinbase. Cheong said, &#8220;I believe the future of crypto exchanges will be extremely polarized&#8221;, adding: 
<blockquote>
We will have highly compliant crypto exchanges, enforcing stringent rules like TradFi (traditional finance) brokers, encountering significant restrictions in deposit and withdrawal transactions, and subject to scrutiny for every transaction over a certain amount. On the other end of the spectrum will be decentralized crypto exchanges, for which compliance with any regulation designed for intermediary-based systems will be impossible. 
</blockquote>
The post <a rel="nofollow" href="https://en.coin-turk.com/famed-venture-capitalist-arthur-cheong-forecasts-rising-crypto-sectors-amidst-market-lull/" data-wpel-link="internal">Famed Venture Capitalist Arthur Cheong Forecasts Rising Crypto Sectors Amidst Market Lull</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Famed Venture Capitalist Arthur Cheong Forecasts Rising Crypto Sectors Amidst Market Lull

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