by Coinstrooper Crypto Articles
Quick Take
  • CryptoQuant CEO Ki Young Ju argued on June 17 that the era of easy gains from narrative-driven token issuance is over.
  • He named three categories of altcoins he still considers viable for long-term holding.
  • The remarks came through a thread on X, where Ju separated the altcoins he believes can survive from the vast majority he expects will not.
  • The total altcoin market cap has barely moved beyond its 2021 peak across multiple cycles.

What Happened

Analysts like Michaël van de Poppe have outlined top altcoin picks based on similar criteria, favoring specific projects with strong fundamentals over broad market exposure. Investors building a selective altcoin watchlist can apply Ju’s framework as a filter rooted in business fundamentals rather than narrative momentum.

Market Context

The total altcoin market cap has barely moved beyond its 2021 peak across multiple cycles. Each cycle recycled capital within crypto, while Bitcoin absorbed most of the institutional inflows from traditional finance. A shifting macro backdrop in 2026, from Federal Reserve policy to geopolitical developments, has kept new capital focused on Bitcoin rather than the broader altcoin market.

While Bitcoin has attracted trillion-dollar wealth comparisons, most altcoins stalled well below their previous highs. Tokens with no revenue or committed team have nothing supporting their price once a narrative fades, Ju argued.

The first group covers global internet businesses that issue tokens rather than list equity. Ju cited Binance’s BNB and Telegram’s Toncoin (GRAM) as examples, each backed by real revenue, large user bases, and consistent execution. As altcoin exchange-traded funds open to institutional capital, he suggested these tokens could provide ecosystem exposure for regulated market entrants.

The second group covers Decentralized Finance (DeFi) protocols generating verified revenue. Ju named Hyperliquid (HYPE) as one example, pointing to its 2026 trading volumes as evidence of genuine demand. Founder credibility and governance that respects token holders, he argued, separate viable projects from the rest.

He described crypto’s shift as a move from speculative experimentation toward institutional adoption, a trajectory he called slower but structurally larger. Whether selective altcoin strategies can outperform in a regulated, institutionally driven market may become clearer as the second half of 2026 progresses.

Why It Matters

The remarks came through a thread on X, where Ju separated the altcoins he believes can survive from the vast majority he expects will not.

A Standard Chartered DeFi forecast projects the sector could reach $2.7 trillion by 2030, lending institutional weight to the view that revenue-generating protocols carry durable value.

Details

CryptoQuant CEO Ki Young Ju argued on June 17 that the era of easy gains from narrative-driven token issuance is over. He named three categories of altcoins he still considers viable for long-term holding.

Why Most Altcoins Will Not Make It

3 Categories Ju Still Backs

The third group tracks broader financial trends. Ju highlighted stablecoins, real-world asset (RWA) tokenization, and tokenized equities as sectors where blockchain has found real institutional demand. He also flagged blockchain infrastructure for AI agents as a potential growth area, comparing it to the technology businesses that emerged after the dot-com collapse.

Ju addressed his Bitcoin maximalist following directly.

“I agree that 99.9% of altcoins should be rejected. But “most are trash” is not the same as “all are trash.” Be selective, not prejudiced.” Ki Young Ju said.

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