Ansem said in a post on X that crypto assets have performed near historic lows in recent years, mainly due to factors such as talent moving into the AI industry, a lack of innovation following the DeFi boom, and a reassessment of gold’s value. In addition, following the large-scale liquidation event in the altcoin market on October 10 last year, market sentiment toward and allocations to altcoins among both institutional and retail investors are at multi-year lows, and may even be at a record low.
On the other hand, some altcoins now have characteristics such as limited VC selling pressure, real product-market fit (PMF) built on crypto infrastructure, and the potential to benefit from an improving regulatory environment. Meanwhile, the enormous paper gains generated by the AI supercycle could also become a potential source of capital. He expects market capital to become increasingly concentrated in a small number of fundamentally sound tokens. Once these tokens attract buying, their prices could rise rapidly.
$XAU $BTC $ETH
On the other hand, some altcoins now have characteristics such as limited VC selling pressure, real product-market fit (PMF) built on crypto infrastructure, and the potential to benefit from an improving regulatory environment. Meanwhile, the enormous paper gains generated by the AI supercycle could also become a potential source of capital. He expects market capital to become increasingly concentrated in a small number of fundamentally sound tokens. Once these tokens attract buying, their prices could rise rapidly.
$XAU $BTC $ETH