While the rapid ups and downs in the crypto market attract the attention of investors altcoin It also prioritizes market entry. However, a leading crypto analyst suggests that investors are turning their attention to major crypto assets following the recent general decline. Analyst named Psycho says that the recent decline is pushing investors away from speculative assets and directing them to more reliable assets. he stated.
imo this wipeout results in a flight to quality from here for altcoins.
NEWS CONTINUES BELOWOnce the market can sustain a bid, we’ll likely see mid/high cap alts run first.
— Psycho (@AltcoinPsycho) April 14, 2024
NEWS CONTINUES BELOW
According to the analyst, this market collapse causes investors to rotate towards higher quality assets. If major crypto assets can maintain their value, there is still a chance that mid- and high-cap altcoins will come to the fore.
As we reported as Koinfinans.com, analysts say there are three factors that could bring notable changes to the digital asset industry. crypto- draws attention to its sub-sector. While he thinks most AI-focused projects are indeed pipe dreams, he emphasizes that a small percentage in this sector could create more impact than other sectors such as real-world asset tokenization (RWAs) and stablecoins.
Additionally, the analyst expects a 2024 bull market artificial intelligence coinHe believes that ‘s will still be the most effective player. According to him, artificial intelligence is one of the strongest candidates to take off in the crypto market.
Finally, Altcoin Psycho also underlined that artificial intelligence projects still lag behind the market value of meme coins such as Dogecoin and Shiba Inu. He thinks this situation is noteworthy as it shows the potential of crypto artificial intelligence projects.
According to CoinGecko data, at the time of writing, the total market value of the most important artificial intelligence coins in the crypto space is $20.57 billion.
