Will There be an Altseason Despite Economic Uncertainty?
CryptoQuant's CEO, Ki Young Ju, remains optimistic about the future of altcoins despite challenging macroeconomic conditions.
Young Ju has forecasted that a surge in altcoins could start between late 2024 and early 2025. Even as cryptocurrency and stock values plummeted recently, he stands by his prediction, emphasizing that his outlook is not swayed by the current macro environment.
He explained that his forecast for altseason is based on observations of significant whale activity in secondary markets rather than global economic factors. Young Ju pointed out that if Bitcoin holds above $45,000, there could be potential for a market recovery.
He acknowledged the tough economic climate but stressed that whale accumulation of altcoins indicates strong market interest.
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XRP Surges as Whale Holdings Hit All-TimeHe also mentioned that while only a few altcoins might excel if the economy faces a downturn, those with substantial support from whales could see notable gains post-crisis.
Young Ju plans to keep an eye on altcoins with heavy investment from key players, irrespective of broader economic conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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