According to TechFlow, on August 16, Andrew Kang, co-founder of crypto venture capital firm Mechanism Capital, posted on a social platform that although Bitcoin may set a new high in the new cycle, the market value of altcoins, including Ethereum (ETH), may not rise synchronously.
Kang believes that the altcoin market will bottom out at some point in 2025. He particularly emphasized that the next wave of the market will be driven by tokens related to decentralized AI infrastructure. These tokens will provide the necessary infrastructure support for artificial general intelligence (AGI), including communication, value transfer, training, computing and reasoning, energy markets, and data storage.
