Crypto Investor Arthur Cheong Says One Ethereum-Based Altcoin Set for Big Rallies - The Daily Hodl
The Daily Hodl
21 Nov 2023 9:00 PM
Veteran crypto investor Arthur Cheong says that one altcoin project operating on the Ethereum (ETH) network is set for big moves to the upside....
- Arthur Cheong, a veteran crypto investor and founder of DeFiance Capital, believes that the altcoin project Synthetix (SNX) operating on the Ethereum network is poised for significant gains.
- Cheong predicts that SNX could surge by over 75% from its current value, potentially reaching $6.
- He notes that SNX has no major resistance until it hits $4, and its relatively low circulating supply could lead to a sharp increase in price with just a few big buyers.
- Cheong is bullish on the decentralized derivatives trading sector, including the Synthetix Network, which he believes is the largest market in crypto, generating billions of dollars in annual revenue.
The sentiment of the article is positive, as Arthur Cheong expresses optimism about the potential price surge of Synthetix (SNX) and the decentralized derivatives trading sector.
You May Ask
What altcoin project does Arthur Cheong believe is set for big moves to the upside?What is the predicted percentage increase in value for Synthetix (SNX) according to Cheong?What is the major resistance level for SNX mentioned by Cheong?Why does Cheong believe SNX could experience a significant price increase with just a few big buyers?What sector in crypto does Cheong consider to be the largest market, generating billions of dollars in annual revenue?