CryptoQuant CEO: Altcoin trading volume is driven by stablecoin and fiat currency trading pairs, reflecting actual market growth
CryptoQuant CEO Ki Young Ju stated in a post on X that "the season of altcoins is no longer defined by asset rotation from Bitcoin. The surge in altcoin trading volume is not driven by BTC trading pairs, but by stablecoin and fiat trading pairs, which reflects actual market growth rather than asset rotation. Stablecoin liquidity better explains the altcoin market."
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.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
Trending news
MoreCrypto prices
More
