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    Home » Venture capitalist Arthur Cheung has selected the best altcoins, including Synthetix (SNX), Aave, and an additional cryptocurrency.
    Crypto

    Venture capitalist Arthur Cheung has selected the best altcoins, including Synthetix (SNX), Aave, and an additional cryptocurrency.

    ZEMS BLOGBy ZEMS BLOGJanuary 14, 2024No Comments2 Mins Read
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    Arthur Cheung, CEO of DeFiance Capital, says he has his eye on three altcoins that he believes meet the strongest crypto narratives.

    In a new interview with the When Shift Happens YouTube channel, Cheung said that cryptocurrency and blockchain technology are poised to meet needs that the fintech industry once served.

    “Cryptocurrencies and blockchain are well-positioned for divestment. I think that remains true at the moment.

    Obviously there are a lot of issues, but from a first principle perspective it makes sense. So I think that makes it worth investing in, and I guess you could say that DeFi (decentralized finance) is a better form of fintech in a way…

    I think fintech doesn't bring anything new to finance anymore, because whatever piece of technology it can bring to finance, a bank can do it itself. The banks are doing the robo-advisors themselves, and the banks are doing all this stuff themselves. They'll probably be a little slower, but it's not something they can't catch up with in two or three years, so there's nothing really new that fintech brings to the world of finance.

    Cheung names DeFi protocols Synthetix (SNX) and Aave, as well as cryptocurrency gaming project Axie infinity (AXS) as altcoins that he is particularly bullish on.

    “But I think DeFi is a fundamentally different model. It's a different way of organizing the financial world. This is a sector worth investing in, so that led me to invest in Synthetix, AAVE early on. Same for Axi [Infinity]And I think looking at a lot of sectors, I think gaming is also one of the very few sectors that makes sense with cryptocurrencies.

    I

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