2017-2021 It is possible that altcoin will not happen again, according to the veteran – here is the reason
An analyst in the famous market known for its time in time says that ALTCOIN astronomical gains in the last session may not happen again.
Aliasar merchant Bentusi Recount His 858,600 followers on the X social media platform that altcoins now has the ability to print the same level of gains seen in 2017-2021 because the market has expanded significantly and the total number of market began at a much higher level in this session.
“Well, some updated ideas. I think alts, we will never see a race like 2017-2021 again. But I also said that before this range. The space became very large now, as hundreds of millions of people started, while we really started at 0 for Defi (decentralized financing) and in 2017 all alts was $ 13 billion. We just started on such a high floor.”
It also says that the robots and artificial intelligence sector (AI) may start controlling the investor’s attention at the expense of Alts.
I also think that the next bubble will not be in encryption. It is likely to be in robots/AI. 50 % of Global GDP is the Labor Party, which is an annual market of $ 50 trillion … These fields move at lightning speed and may have most of the allocations. Of course, there will be great opportunities here, so much will end in it as well. I think Memecoins is very extractive, and while people call the Mimi utility, they stood to test time. ”
However, the veteran trader says that there is still a possibility for this session to overcome the total maximum Crypto market to about $ 4.4 trillion. The total maximum Crypto market is $ 2.97 trillion at the time of writing, a decrease of 8.9 % in the past 24 hours.
It is just a ripening market, and for most of us. We got early curse and we got the huge upper upward trend. It is not realistic to expect past courses because the returns in the end will be softened. It cannot last forever. It now takes much more to move the capital more than before.
I never expected anything ground in this course, and my expectations for Als may be 2x at its highest level and total [crypto market cap] To reach $ 4.4 trillion or so, which was somewhat conservative. We may still get there yet. But I think we need to put realistic expectations for Alts in general and the market. “
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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