🔥🔥Blockchain Hot News! Arthur Cheong, founder and CEO of DeFiance Capital, recently published an article predicting that the market may turn to favor crypto projects that have proven their product-market fit (PMF) and resilience over multiple market cycles. 💪💪

These projects may be re-rated with higher market capitalizations, while those with low circulation, high market capitalization (FDV), and continued hype will have little effect. 📉📉

Arthur Cheong pointed out that some of these companies are cheaply valued and have even become more dominant in the past few years. He predicts that the price-to-earnings ratio of these companies will no longer be less than 20 times. 🚀🚀

It seems that the market prospects of cryptocurrencies such as Bitcoin are not very good, and investors need to be more rational and cautious. 🧐🧐 Remember, don't be fooled by short-term hype. In the long run, only those projects that are truly valuable will be able to gain a foothold. 👍👍