Cryptocurrency

2024

Founder and CEO of CryptoQuant, Ki Young Ju X, made statements about the cryptocurrency industry on his account.
Ju said in a statement:
<h2 dir="ltr" id="crypto-industry-faces-crisis-as-innovation-fails-and-enthusiasm-fades">Crypto Industry Faces Crisis as Innovation Fails and Enthusiasm Fades</h2>
The once thriving crypto industry is facing a critical turning point as the synergy between investors and developers that was the driving force behind its explosive growth begins to unravel.
Once a field where innovation and risk-taking were rewarded with both financial gain and technological breakthroughs, the current state of the industry fails to provide the excitement and stimulation that once drew both investors and developers into its orbit.
In the early days, the crypto industry was like a game that triggered human pleasure paths with the thrill of making money from unpredictable market fluctuations or producing cutting-edge technologies.
Investors and developers alike have experienced the dopamine rush of victory and innovation, but this dynamic is now in jeopardy.
Over time, the nature of the participants has changed. Initially, investors were interested in the philosophical underpinnings of cryptocurrencies such as Bitcoin, while in later years, futures investors who took advantage of market speculation increased.
Now, more conservative investors are taking the lead, pushing the sector toward a more risk-averse stance.
Similarly, the profile of crypto founders has changed. While the early founders were cryptographers and cypherpunks, the trading boom six years ago brought a wave of exchange founders and token producers.
Today, the industry sees contributions from talent across industries, including finance, gaming, and content. But these new entrants are out of sync with the mindset of investors who crave the excitement of speculative markets. What they’re building no longer excites traders, creating a disconnect between two key groups.
This loss of synergy has caused the industry to stagnate. Innovative developers who once excited investors are disappearing. Some have been pushed aside by financial regulations, others have lost their drive after achieving financial success, and a few have shifted their focus to completely different sectors.
In their place, many remaining builders are either producing gambling-like products like meme coins or developing traditional financial instruments that fail to capture the imagination of investors.
The once vibrant crypto space has gradually turned into a gambling arena as technological advances that offered new excitement have waned.
Without a new “game” to capture investors’ attention, the industry risks entering a prolonged period of stagnation. The underperformance of altcoins in 2024 is a symptom of this larger problem, as money is no longer flowing into the market at the same rate.
For the industry to regain its former vitality, it needs to provide new stimuli that will attract both investors and developers. Without this spark, the crypto world could face a slow decline and lose the excitement and innovation that once defined it.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/cryptoquant-founder-ki-young-ju-says-enthusiasm-is-declining-in-cryptocurrency-industry-heres-why/" rel="noopener noreferrer nofollow">CryptoQuant Founder Ki Young Ju Says Enthusiasm Is Declining in Cryptocurrency Industry! Here's Why!</a>

CryptoQuant Founder Ki Young Ju Says Enthusiasm Is Declining in Cryptocurrency Industry! Here's Why!

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