A well-known crypto analyst has shared his perspective on the current state of altcoins, stating that the monumental gains experienced during the 2017-2021 cycle are unlikely to be replicated.
The pseudonymous trader, Pentoshi, explained that the crypto market is now too large for altcoins to see the same explosive growth they once did. With the market cap already at much higher levels and millions of new users joining the space, the opportunities for outsized gains have diminished significantly.
Pentoshi went on to suggest that the next major investment boom could happen outside the crypto sphere, with robotics and AI sectors gaining more attention from investors.
These industries, he believes, will see substantial growth due to their vast potential and rapid progress, drawing in a large share of global investments, especially given the significant portion of global GDP tied to labor markets.
Though he remains cautious about the future of altcoins, Pentoshi still sees room for growth in the crypto market overall.
He estimates that the total market cap could reach around $4.4 trillion, though he acknowledges that such a rise would require more capital than before. With the market maturing, the explosive returns of past cycles are unlikely, and he advises investors to adjust their expectations accordingly.
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