Altcoin Season Is Here, But Most Coins Are Doomed : Warns CryptoQuant Analyst

Altcoin Season: A Different Perspective

Ki Young Ju, a respected crypto analyst, cautions that the upcoming altcoin season may not meet expectations. While the broader cryptocurrency market signals optimism, Ju maintains a more cautious stance.

A Selective Altcoin Boom

Despite the anticipated altcoin season, not all altcoins are expected to thrive. Ju believes only a select few will benefit, while the majority may struggle.

Bitcoin's Detachment from Altcoins

Traditionally, Bitcoin's movements have influenced altcoin behavior. However, Ju argues that Bitcoin is increasingly separated from the rest of the crypto market, as evidenced by its paper-based Layer 2 ecosystem.

Breaking the Correlation

As the correlation between Bitcoin and altcoins weakens, some altcoins have demonstrated the ability to exhibit independent trends. XRP, Dogecoin, Cardano, and others have seen significant price surges in recent days, indicating this trend is gaining traction.

Survival Strategies for Altcoins

Ju proposes two survival strategies for the altcoin market:

• Develop paper-wrapped products similar to Bitcoin ETFs.
• Build a real internet money system using stablecoins or Bitcoin.

Choosing one option over the other poses significant challenges. Nonetheless, the altcoin market must adapt to navigate the changing landscape.