CryptoFinderX

Is the AI Agent Narrative Over?

AI Agent Narrative was the hottest narrative of the last month, giving easy 10x returns to everyone who decided to hop in during Oct-Nov. Coins like $VIRTUAL pulled 100x, $AIXBT went 1000x, and many other AI agent coins on Solana and Base ended up providing great gains to holders—if they didn’t roundtrip everything.

Now, roundtripping gains is a psychological problem, not a cyclic problem, which you need to handle with care on a personal level. Also, when we talk about the cyclic nature of narrative rotation, we usually see a narrative dominating each quarter, followed by a deep correction, and then going back for round two when a fresh wave of speculation emerges around it.

AI agent narratives run on innovation. People speculated on innovation, thinking they would make something groundbreaking. Many agents explored different use cases in the past few months, but most of them didn’t manage to sustain that energy for long. Many teams have already left building, but a few builders are still pushing forward, trying to catch up with the next evolution of agents.

What we have seen so far were stage 1 and stage 2 agents, and now we are progressing towards stage 3 agents—with their own intelligence layer and model training. That’s where we’re going to see a new wave of speculation, mainly around agents that help crypto with complex tasks that previously had high learning-based entry barriers.

One such example is DeFi yield farming. In a bull market, we see an abundance of different yield farming opportunities offered by various protocols across multiple chains every day—but can we really catch, process, and execute fast enough? It’s hard if you’re not deep in the game, and that’s where you need an AI agent to handle yield farming for you.

You still see people getting into meme launches and making 500x returns, but can you really learn the art and get into the trenches to perform with the best possible outcome? It’s tough—unless you have an AI agent trained to do meme trading for you.

Specialized, profit-focused AI agents will eventually take center stage in the next wave. They will revolve around DeFi—we will call them DeFAI agents. Many smart folks are building great things in this space right now, and we’re going to see some amazing and improved AI agent launches soon.

These will be trained on high-quality data with fine-tuned models, delivering attractive profits. Win rate, ROI, and PnL will be the key metrics driving the next wave of speculation around agents.

Now, the old agents that failed to evolve in this new direction will completely fall out of the attention cycle, and their tokens will be dead for good. Some of the projects where devs are grinding every day to improve the agent, make it smarter, and actively share progress with the community—those are the ones that will bounce back when the attention shifts again.

By Hitesh ✅

What is Fungibility?
An asset is considered fungible when its units are interchangeable with one another, meaning they are indistinguishable. In other words, an asset class is fungible when each unit of the asset has the same validity and market value. For example, a pound of pure gold is equal to any other pound of pure gold, regardless of the shape. Other examples of fungible asset classes may include commodities, fiat currencies, bonds, precious metals, and cryptocurrencies.
However, an equal exchange of a fungible asset does not necessarily mean exchanging of two identical units. As long as the transaction happens between instruments of the same kind and that share the same functionality, it can be considered as an equal exchange. For instance, a five-dollar bill can be exchanged with five one-dollar bills, but they have the same validity. In this example, the US dollar is the fungible asset, while the bills merely represent their underlying value.
In general, most cryptocurrencies are considered fungible assets. For example, we may consider Bitcoin fungible because each unit of BTC is equivalent to any other unit, meaning they have the same quality and functionality. So it doesn’t really matter in which block the coins were issued (mined), all Bitcoin units are part of the same blockchain and have the same functionality. Note that if someone forks the blockchain and create a new Bitcoin, those coins won’t be considered original as they would be part of another network.
It has been pointed out that due to the inherent traceability of BTC and similar cryptocurrencies, some coins might be less desirable than others - especially if they have been previously used in dubious or illicit activities. This means that some merchants or service provides may deny receiving Bitcoins as payments if they believe those particular coins were used by criminals in the past.
Unlike some tend to believe, however, this fact doesn’t remove Bitcoin’s property of fungibility. Traceability and fungibility are two different things and, despite their transactional history, each Bitcoin is still the same in terms of quality, technology, and functionality. Similarly, the US dollar is still a fungible asset, although criminals have been using it for illicit activities for many decades.
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Key features of TON
1. Scalability
TON is designed to be highly scalable. It can handle millions of transactions per second through a sharding mechanism that allows the network to split into smaller, interconnected blockchains called "shards." Each shard can process transactions independently, which significantly increases the overall capacity of the network.

2. Interoperability
TON is designed to be interoperable with other blockchains and DApps. It can easily integrate with other blockchain networks and allow for the seamless transfer of assets and data between them. This feature is crucial for creating a connected and decentralized web where different blockchain networks can work together.

3. Fast transactions
TON's architecture is optimized for speed. It uses a PoS consensus mechanism, which is faster and more energy-efficient than the Proof of Work (PoW) system used by Bitcoin. This means that transactions on the TON network are processed almost instantly, making it suitable for everyday use, such as payments, microtransactions, and other financial activities.

4. Decentralization
TON is a decentralized network, meaning that it is not controlled by any single entity or organization. Instead, it is governed by its community of users and developers. This decentralization makes TON more resistant to potential attacks and ensures that the network remains open and accessible to everyone.

#BTC☀
Bitcoin has recently broken below the horizontal demand zone of a descending triangle pattern, signaling a potential shift in market sentiment. It is currently in the process of retesting the lower boundary of the triangle.

The Ichimoku Cloud reinforces this bearish outlook, with its indicators showing increased downward momentum. If the retest of the triangle's boundary confirms this bearish bias, we could see a continuation of the decline, potentially leading to a significant drop in price.

Conversely, if Bitcoin fails to sustain below this level during the retest, it may enter a phase of consolidation within the descending triangle.