The post CryptoQuant Founder Reveals Memecoins Dominance Signals Weak Altcoin Narratives appeared on BitcoinEthereumNews.com.

1 min – Around 2 mins mins to read Key Points: Ki Young Ju compares cryptocurrency traders to game players, with Web3 projects as their game developers. Memecoins dominance, while most altcoins struggle with weak narratives and fundamentals. A stablecoin-based Web3 future is forming, offering new opportunities for analytical investors to find alpha. Ki Young Ju compared cryptocurrency traders to game players and Web3 projects to game developers, and memecoins dominance for now, as most altcoins lack strong narratives based on fundamentals. Crypto Traders Are Game Players in the Web3 Ecosystem According to Ju, the key to success in Web3 is creating an engaging experience that resonates emotionally. This suggests that building in Web3 is more about art than business. He emphasized that for many traders, the desire to make money is the ultimate game, driven by dopamine. Crypto traders are like gamers, and Web3 projects are their game developers. Creating engaging experiences in Web3 is more art than business. For dopamine-driven individuals, making money is the ultimate game. I’m no exception—I love gaming, trading, gambling, and crypto.… — Ki Young Ju (@ki_young_ju) November 17, 2024 Ju’s commentary comes at a time when meme coins are dominating the crypto market. He noted that while memecoins dominance, most altcoins lack a solid fundamental narrative to drive their value. However, Ju pointed out a new trend emerging within the Web3 space: a stablecoin-driven ecosystem. He likens this evolution to how RPGs (Role-Playing Games) are distinct from FPSs (First-Person Shooters) in the gaming world. Read more: Pumpfun Solana Memecoin Sales Exceed 500K SOL, Totaling $162M MemeCoins Dominate, Altcoins Lack Strong Fundamentals Ju believes that this stablecoin-driven Web3 ecosystem represents the future of cryptocurrency, particularly for analytical investors. He predicts that this shift will bring new opportunities for finding alpha through on-chain data as…

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Filed under: News - @ November 17, 2024 10:19 am