Ethereum's Opportunity: AI Agents Reshaping the Crypto World, Basechain as the Key

Ethereum's Opportunity: AI Agents Reshaping the Crypto World, Basechain as the KeyWhile the market seems to have lost justification for Ethereum's superiority over Solana, Ethereum still holds an edge with its core strengths in ETFs and RWA (Real-World Assets). Although the RWA track boasts ample funding, it's not particularly exciting for the market

Ethereum's Opportunity: AI Agents Reshaping the Crypto World, Basechain as the Key

While the market seems to have lost justification for Ethereum's superiority over Solana, Ethereum still holds an edge with its core strengths in ETFs and RWA (Real-World Assets). Although the RWA track boasts ample funding, it's not particularly exciting for the market. I believe that AI Agents will be the key to mass adoption in crypto, and this adoption will occur primarily on Basechain, benefiting Ethereum in the process.

Let's delve into the relationship between AI Agents and Basechain from two perspectives:

1. Why AI Agents?

First and foremost, it's essential to recognize the limitless potential of AI Agents. Imagine, after being trained on data from various professional fields and undergoing reasoning training, each AI Agent could become an expert in its respective domain, executing tasks in specific scenarios to fulfill our needs.

Secondly, in my view, within the current AI cycle (akin to the earlier internet cycle), the primary intersection with CryptoxAI lies in exploring "what Crypto can do to train AI," such as providing computing power and data. The explosion in popularity of the AIAgent meme will make the market realize that AI technology can be used to empower Crypto as well. Existing crypto infrastructure like wallets, DeFi, and NFTs will serve as fertile ground for the development of AI Agents.

So, why is Crypto infrastructure so crucial for driving the emergence of AI Agents on a large scale?

• Code Interaction: Crypto's smart contracts inherently automate execution, allowing AI Agents to easily execute actions like payments, quantitative trading, prediction markets, liquidity mining, and asset issuance through interactions with these codes. In the traditional world of AI, this is difficult to achieve. Imagine, would banks customize accounts for AI Agents? Would the financial industry provide services to AI Agents? It's currently challenging to achieve this. However, in the decentralized world of Crypto, there are no barriers, no KYC requirements, and AI Agents can effortlessly create their own accounts through CoinbaseWallet (or other infrastructure) and engage in more complex and diverse behaviors (especially economic actions) under the conditions set by humans. For instance, $LUNA is incentivizing Twitter followers to complete tasks through tip rewards, and AetherAIAgent, launched by the $HIGHER community, has already amassed $150,000 in its treasury through donations and NFT minting.

• Composability and Monitoring of AI Agents: These advantages are primarily attributed to the composability and transparency of blockchain technology. Leveraging blockchain technology, AI Agents can collaborate with each other like DeFi Legos to accomplish more complex tasks. Simultaneously, all actions of AI Agents leave traces on the blockchain, enabling better human monitoring of their behavior. I believe that initially, the tasks for AI Agents will primarily focus on memecoin trading, DeFi farming, and arbitrage opportunities within the blockchain. Later, AI Agents will be extended to the Web2 world to fulfill broader tasks originating from the traditional world.

2. Why Basechain?

Continuing with the logic, I'm more optimistic about Base becoming the primary platform for AI Agent applications. In my view, Base enjoys a first-mover advantageCoinbase has introduced the BasedAgent toolkit, enabling users to create AI robots with wallets within minutes. Beyond Coinbase's push, more AI Agent infrastructure is already/will be deployed on Base or within the Ethereum ecosystem, including Wayfinder (mineable with $PRIME) and Spectral.

In terms of tokens, I currently hold three: $LUNA, $GOAT, and $HIGHER.

• $GOAT: This is the first AI Agent meme to gain widespread hype, with cultural relevance that has garnered significant market attention over time. Assuming the market performs well, I anticipate its price to surge again in the near future.

• $LUNA: This is an AI Agent (virtual idol) on Base with a distinctive feature: it has a crypto wallet and will use this wallet to achieve goals set by humans. I believe it has the potential to be the only meme that can compete with $GOAT (at present).

• Aether: Created by Martin for the High community ($HIGHER) and deployed on Farcaster, it holds control over a cryptocurrency vault and has already raised $150,000 in funding for its vault through donations and NFT minting. Could it become the first AI millionaire? Compared to the previous two, Aether possesses native crypto properties and is deployed on Farcaster, a social platform with fewer limitations than Twitter.

I'm also keeping an eye out for the emergence of even more entertaining AI Agents in the future. I believe the AI Agent track could follow a hype path from memes to infrastructure. Going forward, I will dedicate 80% of my focus to this AI Agent track and bring you more related content.

Election

There's not much to say about the election itself, but whoever wins Pennsylvania will likely win the whole race. Many experts can expertly analyze the election's trajectory, so I won't risk making foolish remarks. After the election results are announced, we'll likely see a "sell the news" dip followed by further gains.

• If the Republicans win, it will benefit $BTC, $DOGE, and $AAVE.

• If the Democrats win, it will benefit $XRP, which also has an ETF narrative.

However, I believe that regardless of who takes office, the crypto regulatory landscape will become more relaxed, leading to optimism for the crypto market in 2025.

Alpha

1. Hyperliquid will have its TGE (Token Generation Event) after the election. If Hyperliquid announces its TGE, $PURR will likely see a wave of pre-hype. I'm bullish on Hyperliquid's aggregated liquidity model and therefore also bullish on its official mascot, $PURR. You can clearly see that projects like Jupiter and Hyperliquid have fully grasped the current market dynamicsreleasing memes for market hype before their TGE to attract attention.

2. The Avalanche Foundation may have OTC-purchased 1.97 million $AVAX from LFGa potential disaster averted. This is certainly good for the long-term development of Avalanche. However, it's important to note that after "buying back" these $AVAX, the foundation split them and stored them across multiple wallets (each holding roughly $2.5M worth of $AVAX).

3. I've mentioned MakerDAO's rebranding numerous times before, so I won't elaborate further. I believe MakerDAO completely messed up.

4. As I previously mentioned in my outlook, Maple will be undergoing a token swap.

November Event Calendar:

• Nov 4 $SKY-Start Re-Rebranding ($MKR) Governance Voting

• Nov 13 $MPL-SYRUP Token Launch