Summary
- Ki Young Ju, CEO of CryptoQuant, analyzed that 'alt season' has begun, reporting that altcoin trading volume is 2.7 times that of Bitcoin.
- He revealed that stablecoin holders prefer altcoins, which is a major factor in the increased trading volume.
- He emphasized that trading volume, not Bitcoin dominance, is the new evaluation criterion, and thorough research is necessary before investing.
Analysis suggests that the 'alt season' has begun as altcoin trading volume surpasses Bitcoin (BTC) by more than double.
On the 21st (local time), Ki Young Ju, CEO of CryptoQuant, stated "Alt season has begun. Stablecoin holders are showing preference for altcoins. Altcoin trading volume is 2.7 times that of Bitcoin."
He added, "Bitcoin dominance is no longer the criterion for defining alt season. Trading volume is the standard. However, currently DYOR (Do Your Own Research) is essential - meaning investment decisions should be made through self-research and thorough understanding."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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