- This altcoin market is expected to see only selected few winning, according to Ju Ki-young.
- Bitcoin is constructing a Layer 2 ecosystem based on ETFs and MicroStrategy, showing independent movements.
- Altcoin investors are advised to consider paper versions or stablecoins and hold them.
- 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.
This altcoin season is expected to be different, with only a selected few surviving, according to the analysis.
On the 3rd (local time), Ju Ki-young, the representative of Cryptoquant, stated through his X (formerly Twitter), "This altcoin season will be different from expectations. Only a selected few will win in this game. Although the market sentiment is optimistic, there is almost no new liquidity."
He further explained, "Bitcoin is breaking away from the imaginary asset (decentralization) ecosystem. Bitcoin has constructed a Layer 2 ecosystem based on ETFs and MicroStrategy (MSTR), and independent movements are being shown by a few coins. Originally, altcoins moved according to their relationship with Bitcoin, but that pattern has now broken. As new liquidity is maintained, a few independent coins are starting to emerge."
Lastly, the representative advised, "There are now two options for altcoins. Either create a paper version like Bitcoin or use stablecoins to create a real internet money ecosystem. Altcoin investors should find and hold coins that can perform one of these two options."
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