The cryptocurrency market may see an extended cycle with growing institutional capital in Web3, making digital assets more accessible. Investors predict a potential crypto “supercycle” that could surpass the usual four-year cycle. Ether’s supercycle may be boosted by Wall Street’s blockchain adoption, according to BitMine Immersion Technologies.

Some Wall Street participants are cautious about Ether’s price trajectory, with Citigroup setting a $4,300 year-end target. Despite this, Ether has risen by 108% in the past six months, trading at $4,177. BitMine sees AI agents as a catalyst for Ethereum’s supercycle, with agentic artificial intelligence protocols potentially driving more applications to the platform.

AI agents, like software programs automating tasks, could interact with blockchain protocols for trading, token swaps, and more. Fintech firms are investing in AI agents, with PayPal Ventures leading a funding round into Kite AI. The company raised $18 million, bringing its total funding to $33 million.Venture capitalist Ben Horowitz sees AI agents needing a “neutral platform” like a public blockchain to be valuable, potentially bringing more applications to Ethereum. Horowitz believes that “crypto is like the economic network for AI,” as AI agents need a digital currency network to function effectively.

Read more at Cointelegraph: Wall Street adoption, Agentic AI