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DeFiance Capital Founder: The encryption market will shift to projects that have proven their PMF and resilience in market cycles.
According to Jinse Finance, Arthur Cheong, founder and CEO of DeFiance Capital, stated on social media that the market may shift its favor to mature encryption projects that have proven their product-market fit (PMF) and resilience over a long market cycle. These projects may be reevaluated with a higher Market Cap, while the Market Cap of projects with low Circulating Supply, high Market Cap (FDV), and little actual delivery despite long speculation may decline.