The Insights of Gracy Chen
In a recent discussion with Cryptonews, Gracy Chen, the Managing Director of Bitget exchange, delved into key aspects of the ongoing bull market and the factors influencing Bitcoin prices. Chen noted, “There is no doubt we’re in a bull run right now, around 30% to 40% into the bull market.”
- Observing the BTC price action today compared to October 2023, Chen highlighted the factors such as halving events and macroeconomics that impact the crypto market.
- She emphasized the importance of on-chain data in evaluating projects and expressed optimism about the long-term potential of AI.
The Impact of Meme Coins and AI
Chen shared her views on meme coins, stating that they are mainly driven by emotions, community, and social media trends. She cautioned against heavy investments in meme coins and advised keeping them to less than 5% of a portfolio. Despite their popularity, Chen reminded investors that meme coins are highly volatile and lack strong fundamental values.
Chen emphasized the significance of on-chain data in making informed decisions, stating, “We dig deep into all these matrices.”
Regarding AI coins, Chen highlighted their potential by combining AI and blockchain technologies. She acknowledged the current hype around AI coins but stressed their long-term impact on revolutionizing various industries.
- Chen also touched on AR NFTs, acknowledging their growing popularity but noting that AI still holds stronger long-term growth potential in comparison.
- She advised investors to carefully consider the evolving landscape of NFTs and metaverse technologies for potential opportunities.
To watch the full interview with Gracy Chen, click here.
About Gracy Chen
Gracy Chen leads the global market growth at Bitget with a focus on strategy, execution, and corporate development. With a background in the crypto world since 2014, Chen has held various influential roles within the industry, including being named a Global Shaper by the World Economic Forum in 2015 and representing Bitget at prestigious conferences such as the recent UN Women CSW68 event.
