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Adopting Wall Street, Agentic AI


The cryptocurrency market may experience its first extended cycle due to more institutional capital and trade products in the Web3 industry, making investments in digital assets more accessible.

Some investors predict a “supercycle”Btc) stop, and check out the digital asset valuation rise beyond this historic time.

For the second largest largest cryptocurrency in the world, Ether (Eth), the supercycle can be cultivated by the growing adoption of Wall Street of blockchain technology, according to Bitmine Immersion Technologies, the world’s largest corporate ether holder.

The first main driver for Ether could be “Wall Street running on blockchain,” According to To Bitmine, the biggest holder of the ETH corporation.

Related: Blackrock Raking at $ 260m to annual income from Bitcoin, Ether ETFS

Despite the presence around a potential supercycle, not all participants on Wall Street are super bullish at Ether’s price.

The US Investment Bank Citigroup has set a $ 4,300 year target price for Ether, which is significantly lower at all times of $ 4,953, surpassed on August 24th.

ETH/USDT, all-time chart. Source: Cointelegraph/TradingView

“Current prices are more than activity estimates, which is potentially driven by the recent purchase of pressure and disturbance in cases of use,” Citi wrote on a Monday’s note seen by Reuters.

Ether rose nearly 108% over the past six months and exchanged for $ 4,177 at the time of writing, Tradingview Data displays.

Related: Machi Big Brother came out of $ 25M Hype Bet at $ 4M Loss as rivals ate Hyperliquid Market Share

AI agents seen as catalyst

Bitmine sees the growing adoption of agent of artificial intelligence Protocols as a second potential catalyst for an incoming Ethereum supercycle.

AI agents will require a “neutral platform” such as a public blockchain, which may bring more applications to Ethereum, the largest platform of smart contracts.

“To make AI really important, it needs to be an economic actor. So AI agents have to buy things and get money,” said Ben Horowitz, co-founder and general venture capital firm Andreessen Horowitz (A16z).

“If you are an AI, you are not allowed to have a credit card,” Horowitz said at a Tuesday x Post. “Crypto is like an economic network for AI,” he added.

“Credit cards don’t work as money for AI, so the logical thing, the Internet native currency is crypto.”

Source: A16z

AI agents are software programs designed to automatically and perform specific tasks on behalf of users.

Autonomous Onchain Agents can interact with blockchain protocols, enabling operations such as trading, token swap, portfolio management and interacting Decentralized Finance Platforms.

Some of the largest Fintech companies are investing in AI agents. On September 2, Led by paypal ventures A series of a funding of AI’s decentralized infrastructure provider, Kite AI, raising $ 18 million to bring its combined -its funding to $ 33 million, Cointelegraph reported.

https://www.youtube.com/watch?v=6G35Ewcewum

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