📰 Table Of Contents
Bitcoin Price Outlook
Gracy Chen, Managing Director of Bitget, believes that the current bull market still has room to grow, estimating it to be around 30%-40% in. She notes the significant factors influencing Bitcoin’s price, including the recent halving event and speculation about US interest rate cuts.
Factors Impacting Bitcoin Price
- Halving event: Chen highlights the historical significance of the recent halving event and its potential impact on price fluctuations.
- Macro factors: Speculation surrounding US interest rate cuts is currently playing a crucial role in the crypto market’s dynamics.
Meme Coins and Emotions
Chen expresses caution towards meme coins, attributing their popularity to emotions, community influence, and social media trends. She advises keeping meme coins to less than 5% of one’s portfolio due to their high volatility and speculative nature.
On-chain Data Importance
Bitget values on-chain data significantly in their coin selection process. Chen emphasizes the transparency and reliability of on-chain data in evaluating projects, alongside factors like team quality and tokenomics.
The Rise of AI Tokens
Chen sees AI tokens as a promising intersection of AI and blockchain technologies, despite some current overvaluation. She believes in the long-term growth potential of AI and its transformative impact on various industries.
Future Trends in AI and Blockchain
Chen also touches on the growing popularity of AR NFTs and the buzz around NFTs and the metaverse. While acknowledging their current hype, she sees AI as having more substantial long-term growth potential compared to AR technologies.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
