A popular market analyst known for his fast crypto calls says that the astronomical Altcoin winnings in the last bike will probably never happen again.
Pseudonym trader pentoshi tells His 858,600 followers on the social media platform X as Altcoins now have less potential to print the same profit level as seen in 2017-2021 as the market has expanded considerably and the total market ceiling started at a much higher level this cycle.
“Well, some updated thoughts. I think for Alts we will never see a run like 2017-2021 again. But I also said it before to this driving. The space is far too big now, with hundreds of millions of people, while we really started at 0 for defi (decentralized financial) and in 2017 all Alt’s combined $ 13 billion. We just started on such a high floor. ”
He also says that the sector for robotics and artificial intelligence (AI) can begin to dominate investors’ interest at the expense of alt.
“I also think that the next bubble will not even be in crypto. It is likely to be in robotics/AI. 50% of global GDP is Labor, an annual market of $ 50 trillion … These fields move with lightning speed and are likely to have most allocations. Of course, there will be great opportunities here, much of it will also get back in the tool. Memecoins that I think are too extracting, and while people call the benefit a meme they have stood the test of the time. ”
However, veteran dealers say that it is still the potential that this cycle for the total crypto market ceiling will increase to about $ 4.4 trillion. The total crypto market ceiling is $ 2.97 trillion at the time of writing, down 8.9% over the past 24 hours.
“It’s just a mature market and for most of us. We came in pretty damn early and got to catch tremendously upwards. It is just not realistic to expect the past cycles as eventually returns would be leveled. It couldn’t be forever. It takes much more now to move the capital than before.
I never expected anything wild this bike, my expectations of Alts were maybe 2x the earlier heights and for total (cryptic market cases) to reach $ 4.4 trillion or so, which was a fairly conservative estimate. We can still even get there yet. But I think we have to set realistic expectations on Alts in general and the market. “
Generated Picture: Midjourney
