Despite Bitcoin’s volatility above and below the $100K psychological mark, crypto experts remain confident about the market in the upcoming months.
Bitget CEO Gracy Chen forecasts remarkable growth for crypto linked to AI agents.
The entrepreneur expects the sector to hit $60 billion in market capitalization this year.
Such remarks have renewed investor optimism on the trending iDEGEN (IDGN), with speculation about its future price potential.
Bitget CEO: AI token market expected to hit $60B this year
Bitget CEO Gracie Chen has predicted that the AI agent token market will reach a market capitalization of around $60 billion this year. In an interview with Cointelegraph, she added that the current market cap of AI…
iDEGEN is a crypto artificial intelligence project that relies on Crypto Twitter (the cryptocurrency community on the X platform) for its performance.
Its fast-paced ICO approaches $17 million, reflecting unwavering investor trust in IDGN’s future.
The project looks to transform the agentic AI assets space, which currently commands over $16 billion in market cap and around $3.68 billion in 24-hour trading volume.
Understanding AI agents in cryptocurrency
Crypto artificial intelligence agents are software programs that run autonomously within blockchain ecosystems.
They leverage AI to complete tasks according to given rules without human involvement.
They are crucial in the crypto space as they can manage transactions and blockchain data, and interact with different systems.
AI agents are innovative bots with inbuilt capabilities to adapt to new conditions while learning from experience.
Crypto AI agents gather blockchain data, leverage AI algorithms to analyze the information, and act according to what they learned.
That’s unlike the average bots that adhere to fixed prompts.
AI agents in crypto: how do they work?
- Collecting data: they analyze facets such as market prices, news feeds, and transaction volumes to collect information.
- Processing data: the agents use AI’s machine learning models to analyze the data, identify patterns, and forecast trends.
- They can train themselves using massive data sets to enhance their accuracy and decision-making.
- Execution: after evaluating the data, agents complete tasks such as purchasing or selling digital tokens, managing portfolios, and modifying interest rates and loans in DeFi platforms.
Notably, crypto agents often access user wallets and can transact autonomously.
Nevertheless, they boast systems that prevent overspending or specific approvals.
Thus, AI agents remain crucial in the maturing cryptocurrency market. According to Binance,
For the crypto industry, which thrives on decentralization and innovation, the introduction of AI agents opens up a world of possibilities. They bring the promise of enhanced efficiency, smarter decision-making, and entirely new economic paradigms.
AI agents will likely dominate crypto trends in the anticipated 2025 bull run.
Broad-based optimism amidst friendly economic conditions could see the segment attaining the $60B market cap target this year.
iDEGEN price outlook
iDEGEN appears well-poised to capitalize on these trends for robust growth.
IDGN trades at $0.038, and early investors have already made approximately 9000% in returns.
The altcoin will likely explode past $1 after its exchange debut on February 27.
You can find more information about iDEGEN here.
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