Crypto▼ Bearish
CryptoQuant CEO: 99.9% of Altcoins Are Dead, 3 Categories Survive
CryptoQuant CEO Ki Young Ju said 99.9% of altcoins are dead. He named three categories that can survive long-term: revenue-generating protocols, monetary assets, and infrastructure tokens.
Continue with
CryptoQuant CEO Ki Young Ju said on June 17 that the era of easy gains from narrative-driven token issuance is over. He argued that 99.9% of altcoins are effectively dead, naming three categories he still considers viable for long-term holding.
Ju's thesis is straightforward: the market has matured past the point where a white paper and a community can sustain a token price. Most altcoins, he said, were built on hype cycles that no longer work. The survivors, in his view, fall into three buckets – tokens with real revenue, tokens that serve as monetary assets, and tokens that function as infrastructure for other applications.
The first bucket covers projects that generate actual cash flows. Ju pointed to tokens whose protocols earn fees from lending, trading, or data provision. These are businesses, not narratives. The second bucket is monetary assets – tokens designed to hold value as a store of wealth, similar to Bitcoin but with different trade-offs. The third bucket is infrastructure tokens that power networks where other developers build applications.