CandleFocus CryptoQuant Founder Ki Young Ju Says Enthusiasm Is Declining in Cryptocurrency Industry! Here's Why!
2024-09-16
Author: Content Editor
Ki Young Ju, founder and CEO of CryptoQuant, shared his thoughts on the state of the cryptocurrency industry. He believes that the once thriving industry is at a turning point, with the synergy between investors and developers unraveling. Initially, the industry attracted investors and developers with the thrill of making money and producing cutting-edge technologies. However, the nature of participants has changed, with more conservative investors taking the lead and new entrants from various industries not aligning with the mindset of traders. This loss of synergy has led to stagnation in the industry, with innovative developers disappearing and the industry becoming more focused on gambling-like products or traditional financial instruments. As a result, the industry risks entering a prolonged period of stagnation unless it can provide new stimuli to attract both investors and developers.
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