CryptoQuant CEO: This round of altcoin season lacks new liquidity, and only a few projects can stand out

2024-12-03 12:33:20
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ChainCatcher message, CryptoQuant CEO Ki Young Ju posted on X: "This altcoin season will be different from what you expect. It will be peculiar and challenging, with only a few projects winning the race. Market sentiment is good, but there isn't much new liquidity.

Bitcoin is decoupling from the crypto ecosystem. Bitcoin has established its own paper-based L2 ecosystem through ETFs, MSTR, funds, etc. In this ecosystem, bridging to other altcoins is impossible.

Altcoins used to move in correlation with BTC, but that pattern has now been broken. Only a few altcoins are beginning to show independent trends as they attract new liquidity.

Altcoins now have two options: create a paper-wrapped version like Bitcoin, or build a real internet currency ecosystem using stablecoins or BTC. Altcoin investors should find a cryptocurrency that can achieve one of these two and hold it for the long term."

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