tl;dr
The crypto sector is currently experiencing a "quiet quitting crisis," with employees doing the bare minimum and lacking engagement. Travis Kling, a hedge fund and digital asset veteran, believes that many crypto projects are overvalued and lacking real-world impact. He notes that decentralized phys...
The crypto sector is currently experiencing a "quiet quitting crisis," with employees doing the bare minimum and lacking engagement. Travis Kling, a hedge fund and digital asset veteran, believes that many crypto projects are overvalued and lacking real-world impact. He notes that decentralized physical infrastructure networks (DePIN) are a bright spot in the sector.
Kling argues that the crypto sector is not in its early stages and criticizes comparisons to the internet boom of the late 90s. He suggests that a Trump administration could bring regulatory changes benefiting altcoins.
Travis Kling, the founder and chief investment officer of Ikigai Asset Management, says the phrase accurately illustrates the current state of the crypto landscape. “What I’m seeing and hearing is that a meaningful swath of the crypto community is simply much less engaged than in prior years. And they are much less engaged because there is much less belief in the potential of crypto projects to solve real-world problems and gain significant adoption as a result.
Kling also argues that crypto is “not that early.” “Bitcoin is worth a trillion bucks and half of Wall Street owns it at this point. All the rest of crypto is worth another trillion. Tether owns more Treasuries than Germany. There’s been more than $20 billion of venture capital poured into this space in the last four years. We’re not that early. Stop with the comparisons to ‘the internet in the late 90s and look what happened there.’ This ain’t the internet in the late 90s.
Despite his feelings about the sector, Kling does think that if former President Donald Trump wins the US presidential election in November, his future administration could usher in a regulatory regime that could boost altcoins.
More about C3 Ai Inc
```html
C3 Ai Inc (C3), a company in the technology and services-prepackaged software sector, currently has a market capitalization of $2.7 billion. The stock price has experienced a -2.28% change over the last trading session, closing at $25.94. The trading volume stood at 325,433,000 shares. The Relative Strength Index (RSI) is calculated at 2.674, indicating a neutral position. The stock is currently trading around its 20-day moving average, showing a value of -0.855. Additionally, the stock is exhibiting a bullish trend with a positive 0.205 value above its 200-day moving average.
```
More about
```html
As a seasoned Technical Analyst with over 25 years of experience in the stock market, my approach is fundamentally data-driven, delving deep into market charts, trends, and a wide array of technical indicators.
I utilize terms like 'support and resistance levels,' 'breakouts,' 'head and shoulders pattern,' and indicators of 'bullish or bearish trends' with precision to enlighten and guide my audience through market analysis.
My analyses are straightforward, laser-focused on the implications of findings, navigating the delicate balance between providing clear, actionable insights and acknowledging the inherent uncertainties of market prediction.
```