Ki Young Ju, founder of crypto data platform CryptoQuant, stated that he does not agree with the view that altcoins are completely finished, at a time when Bitcoin’s market dominance has reignited discussions about the future of altcoins. According to Ki, the area that really weakened was the tokens that stood out only with story and expectation.
Income generating projects stand out
In his evaluation on X, Ki Young Ju argued that simply issuing a token is no longer enough to attract interest and capital. According to him, projects with a higher probability of permanence in the market stand out as structures with a working business model and measurable income.
The era of narrative-focused altcoins is largely over. The era of making profits only by issuing tokens is over; Projects that will survive may be those based on a real functioning structure.
Ki grouped the altcoins that he sees as viable today into three main groups. The first group includes global internet companies that use the token as part of their broader ecosystem strategy. In this context, he cited the local presence of the Binance ecosystem, BNB, and Telegram-connected TON as examples.
CryptoQuant is known as a crypto research platform that offers on-chain data and analysis on market behavior. Ki Young Ju is also among the names closely followed in the industry, especially with his comments on market cycles and capital flows.
Ecosystem growth and investor interest
According to Ki, the determining factor in such projects is the growth of the business model behind it, rather than the token narrative. Active user base, established products and long-term operation capability are among the main factors that can extend the life of these assets.
He also stated that some investors may prefer to access the ecosystem through digital assets instead of company shares. It is considered that this preference may become more visible with the spread of regulated crypto investment products.
DeFi, stablecoins and tokenized assets
In the second group, there are decentralized finance platforms with a sustainable income model. Ki pointed out that decentralized exchanges and similar established DeFi protocols continue to generate revenue from user activities. under this heading hyperliquidHe also mentioned among the examples.
Mini dictionary: Tokenized real-world assets refers to the creation of a digital representation of traditional assets such as bonds, funds, commodities or real estate on the blockchain. This structure aims to carry trading and ownership tracking on-chain.
The third category included stablecoins, tokenized real-world assets, tokenized shares and the blockchain infrastructure that supports them. Ki emphasized that the altcoin market value has difficulty rising significantly above the 2021 peak, while Bitcoin has received strong inflows from traditional finance, especially after the introduction of spot Bitcoin investment products.
According to Ki’s assessment, the market is now focusing more on practical uses of blockchain. Stablecoins, tokenized financial products, and infrastructures supporting artificial intelligence agents are gaining more ground in discussions within the industry. However, he added that eliminating weak projects does not mean that the entire altcoin market is discarded.
