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Last week, institutional investors faced the risks associated with cryptocurrencies once again, yet they did not back down. Despite the high volatility and distinct movement from other assets, cryptocurrencies continue to find their place in portfolios. Moreover, the flow of ETFs has not turned incredibly negative because institutions hold a strong belief in a long-term future. What does Alex Thorn, the Head of Research at Galaxy Digital, have to say about the crypto bull market?
Crypto Bull Market Outlook
Alex Thorn disagrees with the notion that the crypto bull market has ended. He mentions that structurally, the bull market has not deteriorated and expects gains to continue. However, will the rise occur across all sectors? Certainly not. Specifically, with the strengthening of artificial intelligence investments, growth is likely to continue in sectors linked to this, such as stablecoins and tokenization.
Alex asserts that AI expenditures support all risky markets, predicting continuous growth through technological giants and policy backing. Stablecoins, similarly to AI, represent the future. The future of payment services is here, with companies like Mastercard, Visa, PayPal, major banks, and asset management firms investing billions of dollars in this space, proving it’s not in vain.
Promising Altcoins
Alex Thorn emphasizes three categories that will likely witness rapid growth: AI, stablecoins, and tokenization. In each of these sectors, certain altcoins shine. For instance, layer1 solutions serve as a convergence point for tokenization, stablecoins, and crypto-based AI services. The two most prominent networks are:
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$BTC, on the other hand, maintains its throne as a store of value. From the stablecoin perspective, competitors are on the rise. Ripple’s RLUSD and ENA are among those trying to capitalize on this momentum. Their success rate will depend on the demand their ventures attract. Tether, for instance, is raising investments with valuations stretching between $500-666 billion in this market. Ripple 
$2 has taken significant steps to accelerate growth and outreach by acquiring three billion-dollar companies this year.
In the realm of tokenization, Chainlink 
$15 has practically monopolized its field. It has even launched live services with MegaETH concerning Oracle data feeds, providing infrastructure to large enterprises with CCIP.
As for constructing a digital future, growth around these three areas is set to continue. Other altcoins and categories are likely to experience episodic hype surges, potentially waiting on the sidelines in the meantime.
