Crypto Market Cap Drops 10% Amid Ongoing Bull Cycle
The crypto market has seen a significant downturn, with a nearly 10% drop in overall market cap and leading cryptocurrencies like Bitcoin, Ethereum, and Solana experiencing price losses exceeding 10% over the past 24 hours.
Bull Cycle or Bear Market?
Despite recent volatility, some analysts maintain that the bull cycle is not over. Key points include:
- The market has been in a bull cycle for 28 months, typically lasting three years.
- $BTC's market cap remains higher than two years ago, even during the current dip.
- Arthur Hayes, BitMex co-founder, predicts $BTC could fall to $70K before potentially rising to $250K.
- This outlook hinges on the non-realization of Trump's proposed crypto reserve.
AI Prominence Surges
An AI cloud provider, CoreWeave, has filed for an IPO, valued over $35B due to rising demand for AI infrastructure. Highlights include:
- AI applications are increasingly integrated into various sectors, including crypto.
- AI-driven projects, such as MIND of Pepe, are attracting investor interest.
- Presales are considered safer investments as they are unaffected by market fluctuations.
- AI tokens like Story ($IP) have increased over 80% in the past month despite market declines.
An Autonomous AI Agent Provides Valuable Market Insights
MIND of Pepe uses data-driven decision-making to provide evolving insights to its presale token holders. Key features include:
- 25% of total token allocation is reserved for the AI agent to utilize based on market insights.
- Analysts predict a price increase to $0.00962 by year-end.
- The project has raised over $7M in presale, with tokens priced at $0.0034402.
- Staking rewards offer 322% APY for token holders.
Investors should note the inherent volatility of the crypto market and conduct thorough research before investing.