PiCK
Ju Ki-young "Selective Altcoin Season Begins... Only Some Altcoins Are Strong"
Minseung Kang
- Ju Ki-young, CEO of CryptoQuant, announced that the current market has entered a selective altcoin season.
- He stated that only a few altcoins show a high correlation with Bitcoin.
- He analyzed that stablecoin projects and meme coins with increased institutional adoption have survived.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Photo = Ju Ki-young CryptoQuant X Capture
An analysis has emerged that the altcoin (cryptocurrencies other than Bitcoin) market has entered a 'selective altcoin season' where only some items are showing strength.
On the 8th, Ju Ki-young, CEO of CryptoQuant, stated on X (formerly Twitter), "A selective altcoin season has begun."
He analyzed, "Currently, only a few altcoins show a high correlation with Bitcoin (BTC)," adding, "Infrastructure coins like Ethereum (ETH) are sluggish, but coins with increased institutional adoption, stablecoin projects, and meme coins have survived."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.PiCK News
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