A popular market analyst who is known for his timely crypto calls says that the astronomical altcoin calls of the last cycle will probably never happen again.
Pseudonymous trader pentoshi tells His 858,600 followers on the social media platform X that Altcoins now has less potential to print the same level of profit that is seen in 2017-2021 because the market was considerably expanded and the total market capitalization started this cycle at a much higher level.
“Well some updated thoughts. I think we will never see a run as 2017-2021 for Alts. But I also said that prior to this run. The space is now just too large, with hundreds of millions of people, while we really started there for Defi (decentralized finances) and in 2017 all alts were combined $ 13 billion. We have just started on such a high floor. ”
He also says that the Robotics and Artificial Intelligence (AI) sector can start dominating investor’s interests at the expense of Alts.
“I also believe that the next bubble will not even be in crypto. It will probably be in robotics/AI. 50% of the global GDP is labor, an annual market of $ 50 trillion … These fields move with a lightning speed and probably have the most allocations. Of course there will be great opportunities here, many of them will also end in the use again. Memecoins that I think they are too extractive, and although people call Nut a meme, they have passed the test of time. ”
However, the lace -up dealer says that there is still the potential that this cycle for the total crypto market capitalization increases to around $ 4.4 trillion. The total crypto market capitalization is $ 2.97 trillion at the time of writing, a decrease of 8.9% in the last 24 hours.
“It’s just an adult market, and for most of us. We came in damn early and were allowed to take a huge benefit. It is simply not realistic to expect the cycles of the past, because in the end return would be flattened. It could not last forever. It now takes much more to move the capital than before.
I never expected anything wildly this cycle, my expectations for alts were perhaps twice the previous highlights and for total [crypto market cap] To reach $ 4.4 trillion, which was quite a conservative estimate. We may still be there. But I think we should set realistic expectations for alts in general and the market. “
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