Research Leader Claims This Group of Altcoins Will Show Significant Growth
Alice Liu, research lead at CoinMarketCap, believes that a certain altcoin sector is set to experience growth.
According to Alice Liu, research leader at CoinMarketCap, the $25 billion AI-crypto sector is set to see significant growth despite recent market volatility.
Nvidia’s loss of $250 billion in market value has raised concerns about an AI bubble, but Liu believes this “does not undermine the progress that has been made in AI projects” and that the future of the industry depends on the ability of projects to identify “real use cases and utility.”
AI and cryptocurrencies are estimated to contribute $20 trillion to the global economy by 2030, with investors pouring over $750 million into the sector this year. AI-crypto projects have increased nearly sixfold in the past year, significantly outpacing the growth of Bitcoin and ETH.
Pantera Capital, a hedge fund, plans to invest over $200 million in the intersection of artificial intelligence and blockchain by 2030. Bitcoin miners have diversified into offering processing power to AI developers, a strategy that VanEck believes could generate $14 billion in profits.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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