[Blockchain News] Arthur Cheong, founder and CEO of DeFiance Capital, recently wrote that the market may prefer crypto projects that have proven their product-market fit and resilience over multiple market cycles. He predicts that these projects may be re-rated with higher market capitalizations, while projects with low circulation, high market capitalizations, and continued hype will have little effect. He also mentioned that some companies are cheaply valued and have even become more dominant in the past few years, and their price-to-earnings ratios will no longer be less than 20 times. What do you think? Welcome to discuss in the comments section! 👇