This Altcoin Group Will Run First After Market Wipeout As Capital Takes Flight to Quality. ✅
“In my opinion, this wipeout results in a flight to quality from here for altcoins. Once the market can sustain a bid, we’ll likely see mid/high-cap alts run first.”
“I think most of [artificial intelligence-focused crypto projects are] vaporware, like 99%, but I think the 1% will change this industry far more than any other vertical with the exception of RWAs (tokenized real-world assets) and stablecoins.”
Artificial Intelligence (AI) remains his top play for the 2024 bull market.
“Wrote in my 2024 predictions that AI is my highest conviction bet. it’s now a contrarian take, only makes me more bullish though.”
AI crypto projects are still undervalued in comparison to the market cap of two of the largest memecoins.
“Entire (crypto) AI vertical is ~$40 billion market cap. Doge alone is $27 billion. Shiba another ~$15 billion. Feels weird saying this, but AI tokens are still undervalued.”
At time of writing, the top AI coins in the crypto space have a collective market cap of $20.57 billion, according to CoinGecko.
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