重新定義“ Altseason”

CryptoQuant首席執行官Ki Young Ju正在震撼我們所知道的“ Altcoin季節”的想法，這表明只有少數幾個Altcoins將在2025年蓬勃發展。

CryptoQuant CEO Ki Young Ju has a new take on “altcoin season.”

CryptoQuant首席執行官Ki Young Ju在“ Altcoin賽季”中有了新的看法。

According to Ju, only a select few altcoins will thrive in 2025. This differs from past cycles, where almost all altcoins pumped together. Ju believes that this bull run will favor projects with strong projects with real-world use cases.

根據JU的說法，只有少數幾個Altcoins將在2025年蓬勃發展。這與過去的周期不同，幾乎所有的Altcoins都泵在一起。 JU認為，這種公牛跑步將有利於具有現實世界中用例的強大項目的項目。

The Key to Success: ETFs, Hype, and Revenue

成功的關鍵：ETF，炒作和收入

Three main factors will determine which altcoins survive, Ju highlights.

三個主要因素將確定哪些山寨幣生存，JU亮點。

First, altcoins with ETF narratives, like XRP, Solana (SOL), Litecoin (LTC), Dogecoin (DOGE), and Hedera (HBAR), could see major institutional inflows, similar to Bitcoin’s ETF-driven rally.

首先，具有ETF敘事的山寨幣，例如XRP，Solana（Sol），Litecoin（LTC），Dogecoin（Doge）和Hedera（HBAR），可以看到類似於比特幣的ETF驅動的集會類似的主要機構流入。

Recently, a Bloomberg analysis by James Seyffart and Eric Balchunas predicted a 90% chance of approval for a Litecoin ETF, 75% for Dogecoin, 70% for Solana, and 65% for XRP. While Ju sees a good chance for these coins to rally in this “selective altcoin season” others may miss the train.

最近，詹姆斯·塞夫特（James Seyffart）和埃里克·巴爾庫納斯（Eric Balchunas）的彭博社分析預測，萊特幣ETF的批准機會為90％，狗狗幣為75％，索拉納（ Solana）為70％，XRP為65％。雖然Ju可以在這個“選擇性的Altcoin賽季”中召集這些硬幣的好機會，但其他人可能會錯過火車。

Moreover, Trump’s pro-crypto governance is creating a bullish vibe for the next batch of ETF approvals. Raising the ETF bar-o-meter, Franklin Templeton filed for a spot Solana ETF showing rising institutional interest.

此外，特朗普的親克賴普托治理正在為下一批ETF批准創造看漲的氛圍。富蘭克林·鄧普頓（Franklin Templeton）提高了ETF bar-o-米表，為機構興趣不斷上升，提出了一個斑點的ETF。

Meanwhile, Brazil is preparing for the world’s first spot XRP ETF, which is now listed as pre-operational.

同時，巴西正在為世界上第一個位置XRP ETF做準備，該XRP ETF現在被列為術前。

But Ju says apart from ETFs sustainability is the key. Many meme coins rise and fall quickly, but projects with ongoing developer activity, strong communities, and investor confidence will maintain their relevance. We have seen such pump-dump shows with TRUMP and LIBRA.

但是Ju說，除ETFS外，可持續性是關鍵。許多模因硬幣迅速上升和下降，但是具有持續開發人員活動，強大社區和投資者信心的項目將保持其相關性。我們已經在特朗普和天秤座看到了這樣的抽水錶演。

Finally, revenue-generating projects with solid business models and real-world utility will stand out. Tokens that rely solely on speculation will struggle, while those with solid revenue streams will survive.

最後，具有堅實的業務模型和現實世界實用程序的創收項目將脫穎而出。僅依靠投機的代幣將掙扎，而擁有穩定收入來源的代幣將得以生存。

The Era of “Everything Pumping” is Over

“一切抽水”的時代已經結束

Ju warns that broad altcoin rallies are a thing of the past. While Bitcoin is hitting new highs, many altcoins are still far from their previous peaks. This suggests that only select tokens will benefit from this cycle, making it crucial for investors to be strategic in their choices.

JU警告說，廣泛的Altcoin集會已成為過去。儘管比特幣達到了新的高點，但許多Altcoins仍然遠離以前的峰值。這表明只有精選令牌才能從這個週期中受益，這對於投資者的選擇至關重要。

Recent data supports Ju’s argument. Last week, Bitcoin saw massive outflows of $571 million, while some altcoins, like XRP, saw inflows of $38.3 million. This suggests that investors are being more selective, favoring established altcoins over high-risk bets.

最近的數據支持JU的論點。上週，比特幣的流出量為5.71億美元，而XRP（例如XRP）的一些Altcoins的流入量為3830萬美元。這表明投資者更具選擇性，而偏愛已建立的Altcoins而不是高風險的賭注。

Ethereum and Solana have also shown strength, indicating that only a few major altcoins will benefit from market shifts.

以太坊和索拉納也表現出了力量，表明只有少數主要的山寨幣將受益於市場變化。

Ju also highlights the current liquidity struggles in crypto. He describes the market as a “PvP fight,” where instead of new money entering, existing capital is being shuffled around between assets. This shows how the market has matured, with institutional players taking control and favoring stability over past retail-driven altcoin booms.

JU還強調了當前的加密流動性鬥爭。他將市場描述為“ PVP鬥爭”，而不是進入新資金，而是在資產之間被圍繞著現有資金。這表明了市場是如何成熟的，機構參與者控制了過去的零售驅動的Altcoin Booms的穩定性。

In short, this altcoin season is different and many altcoins will not top and only established coins will gain the investor’s faith. He even urges investors to trust only legitimate projects.

簡而言之，這個Altcoin季節是不同的，許多山寨幣將不會頂級，只有建立的硬幣才能獲得投資者的信仰。他甚至敦促投資者僅信任合法的項目。