CoinGecko CEO Bobby Ong stated that the cryptocurrency market is in the 'third or fourth inning' of an expansion cycle, noting that Bitcoin has rebounded nearly 10 times from its 2022 low after the FTX collapse, currently priced at around $16,000. He attributes this momentum to the relaxed U.S. regulations under the Trump administration and macroeconomic factors such as interest rate cuts, while warning that the four-year cycle theory may still hold true. Ong noted that the market narrative is changing, with Solana now competing more fiercely with Base than with Ethereum. He remains optimistic about the long-term outlook, predicting that as tokenization expands, the market capitalization of cryptocurrencies could grow fivefold to reach $23 trillion.