CryptoQuant Founder: The Narrative-Driven Altcoin Era Has Ended; Three Types of Projects Still Hold Long-Term Value
Source：
x.com
Ki Young Ju, founder of CryptoQuant, stated that the era of launching tokens solely based on narratives to generate profits has ended. Altcoins are not dead—but only projects with real businesses and tangible revenue streams are worth holding long-term. He categorized valuable altcoins into three groups:
First, global internet companies with tokenized market layers—such as Binance’s BNB and Telegram’s TON—which offer ecosystem exposure via tokens, a more operationally viable approach than equity tokenization.
Second, DeFi protocols generating real revenue—such as high-quality decentralized exchanges like Hyperliquid—that still hold significant upside potential, provided their founders are credible and governance respects token holders.
Third, projects aligned with global financial trends—including stablecoins, RWAs (real-world assets), and tokenized equities.
He also noted that as AI agents increasingly drive internet activity, blockchain infrastructure designed for AI agents could become the next major growth area. He emphasized that 99.9% of altcoins should be eliminated—but “most are garbage” does not mean “all are garbage.” Investors should remain selective rather than adopt an all-or-nothing approach.
