Renowned cryptocurrency analyst Andrew Kang recently shared his views on the altcoin market, predicting a potential bottom in 2025. He notes that the current cycle may be special for many altcoins, contrary to popular belief.
Euthanasia Period for Altcoins
Kang believes the current cycle could witness an 'euthanasia period' for many altcoins, even if Bitcoin reaches new highs. He stated, 'This was the first cycle where the altcoin market cap made a lower high.'
Solana Market
Kang questions whether this will result in a lower bottom for altcoins, noting that Solana remains undecided due to its potential resilience. However, if Solana is excluded from the altcoin's market cap, a lower bottom seems likely.
Forecasts for 2025
Andrew Kang predicts a bottom for altcoins in 2025. He believes the next wave of growth will be driven by tokens related to decentralized AI infrastructure. Kang noted that 'incredible resources' are needed to support AGI (Artificial General Intelligence) in areas such as communication, value transfer, education, computation/inference, energy markets, and data storage.
Thus, Andrew Kang provides a unique perspective on the future of the altcoin market, predicting a bottom in 2025 and highlighting the importance of decentralized AI infrastructure for the next wave of growth.
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