CryptoQuant Founder: Crypto Industry in Crisis, Altcoins Performing Poorly This Year with No Inflows
CryptoQuant founder Ki Young Ju posted on X, saying that the crypto industry is in crisis. He argues that in the past, the crypto industry was like a game. Games abstract human happiness pathways, triggering dopamine releases and offering experiences similar to real life joy. In 2024, altcoins have performed poorly. Money is not flowing into the industry. If we don't create a new game to stimulate traders' dopamine, the crypto industry will face long-term stagnation. Ki Young Ju stated, "Some people are even building completely different ecosystems, to the point where they're categorized as belonging to industries outside of crypto. Where are all the builders who inspired us and explored new technologies? Why did they leave? I don't know. I want to ask Vitalik Buterin."