Editor's PiCK
Ju Ki-young "Selective Altcoin Season Begins... Only Some Altcoins Are Strong"
Minseung Kang
Summary
- 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.
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.
!["No U.S. government backstop" shock…Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Su-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/a68e1192-3206-4568-a111-6bed63eb83ab.webp?w=250)
