CryptoQuant CEO: Considering the growth rate, Bitcoin's dominance is unlikely to decline quickly
On November 28, Ki Young Ju, the founder and CEO of CryptoQuant, posted on platform X stating that considering the growth rate, Bitcoin's dominance is unlikely to decline quickly. During a period when BTC's market value increased by 37%, large-cap stocks rose by 16%, while mid-cap and small-cap stocks rose by 10%. The only time mid-small cap cryptocurrencies outperformed BTC in terms of market value growth was during Memecoin season in April.
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
The preliminary one-year inflation rate expectation in the US for December is 4.1%, lower than expected.
Polish lower house fails to overturn president's veto of crypto asset bill
US prosecutors recommend a 12-year prison sentence for Do Kwon