Famous cryptocurrency analyst Andrew Kang recently shared his views on the altcoin market, predicting a potential bottom in 2025.
Contrary to the popular belief that altcoins consistently reach new highs with each cycle, Kang believes that the current cycle could witness a “euthanasia period” for many altcoins, even if Bitcoin reaches new highs.
“This was the first cycle where the altcoin market cap made a lower high,” Kang said.
Questioning whether this will result in a lower bottom for altcoins, Kang noted that Solana remains undecided due to its potential resilience. However, if Solana is excluded from the altcoin’s market cap, a lower bottom seems likely.
Looking ahead, Kang predicts a bottom for altcoins in 2025. He believes the next wave of growth will be driven by tokens related to decentralized AI infrastructure.
Kang stated that “incredible resources” are needed to support AGI (Artificial General Intelligence) in areas such as communication, value transfer, education, computation/inference, energy markets and data storage.
*This is not investment advice.