Crypto Analyst Miles Deutscher Highlights Chintai (CHEX) with 1,900% Potential
In his recent video, crypto analyst Miles Deutscher identified Chintai (CHEX) as a promising investment in the Real World Assets (RWA) sector, suggesting it could have up to 1,900% potential upside in the next market cycle.
Investment Narrative and Market Context
Deutscher ranks RWA tokens as his third major investment narrative after memecoins and AI. He noted the increasing attractiveness of on-chain treasury yields as traditional DeFi yields decrease and interest rates fall.
Previous Investment Successes
Deutscher previously profited from early investments in ONDO and Mantra (OM), with ONDO yielding a 7x return. However, he views these assets as overvalued, citing ONDO's market cap of $1 billion and fully diluted valuation (FDV) of $7.1 billion.
Chintai's Positioning
Deutscher is reallocating funds into undervalued RWA opportunities, with Chintai emerging as his largest position. He noted its regulatory approval from the Monetary Authority of Singapore (MAS), which enhances its institutional appeal.
Fundamentals and Partnerships
Chintai serves as a marketplace for tokenization and has facilitated over $630 million in loans. It plans to launch "OZEAN," a blockchain for RWA yield, supported by Optimism. Key clients include DHC, Finstable, and Greengate.
Valuation Insights
With an FDV of approximately $250 million, Chintai's valuation is significantly lower than Mantra's $1.37 billion FDV. Deutscher suggests that even without market growth, CHEX could achieve a 6x return, potentially reaching a 14x if the RWA market doubles.
Market Awareness and Technical Analysis
Deutscher attributes Chintai's lower valuation to limited market awareness, contrasting it with Mantra's effective marketing. He believes increased visibility could enhance its valuation. From a technical perspective, he finds Chintai's chart encouraging, indicating potential for significant price movements while advocating for cautious profit-taking.
Conclusion
Deutscher concludes that Chintai’s regulatory compliance and potential to attract institutional capital make it a notable investment opportunity.
At press time, CHEX traded at $0.2874.
