Altcoin season logic change? CryptoQuant CEO: No longer relying on BTC rotation, stablecoin becomes a driver

Cryptocurrency analysis company CryptoQuant CEO Ki Young Ju said that the AltCoin market is no longer driven by asset rotation from BTC, but by the push of Stable Coin and Fiat Currency trading pairs, breaking the framework of previous BTC asset rotation. (Background: BTC bites 97,000 USD! CryptoQuant: Breaking through 100,000 USD is only a "matter of time", aiming for 147,000 in this round) (Background: BTC breaks 97,000! CryptoQuant CEO: Current data is similar to the early stage of the 2020 BTC Bull Market) Today (2nd), Ki Young Ju, CEO of Cryptocurrency analysis company CryptoQuant, tweeted that AltCoin season is no longer defined by asset rotation from BTC. He mentioned: "The surge in AltCoin volume is not driven by BTC trading pairs, but by Stable Coin and fiat coin pairs, which reflects real market growth rather than asset rotation. Stable Coin Liquidity better explains the AltCoin market." Stable Coin Issuance The role of Stable Coin in the market is increasingly important, especially the significant increase and circulation of USDT, indicating a strong demand for Liquidity in the market. According to recent data, since 2020, the total Market Cap of Stable Coin (green line) has steadily risen, reaching a high point of 180 billion USD in 2024, a significant rise from 120 billion USD a year ago. Especially after Trump's election, the rise of Stable Coin has accelerated significantly since November 7th this year. Community Discussion The community has heated discussions on this phenomenon. Some users believe that the market dominance of BTC is declining, which is closely related to the growth of AltCoin volume; while others predict that when BTC trading pairs become active again, AltCoin volume may double further. In addition, some views point out that more and more new investors choose to hold Stable Coin directly or enter the AltCoin market, rather than prioritize purchasing BTC. They usually wait for the price of BTC to rise before transferring funds to the BTC market. Major AltCoin Rises In the past month, well-known AltCoins such as XRP, SOL, DOGE, PEPE, etc., have shown strong performance, with significant rises in trading prices. Rise in Coin Prices This month, ranked by rise percentage: XRP: rose from $0.511 to $2.45, with a rise of about 379.84%. ADA: rose from $0.356 to $1.15, with a rise of about 223.60%. DOGE: rose from $0.16 to $0.437, with a rise of about 173.13%. The Sandbox: rose from $0.245 to $0.643, with a rise of about 162.45%. PEPE: rose from $0.00000893 to $0.00002088, with a rise of about 133.79%. SOL: rose from $166 to $228, with a rise of about 37.37%. Further Reading: Wow! XRPMarket Cap surpasses USDT and SOL to become the third largest Token, soaring by 380% XRP Price Related Reports BTC bites 97,000 USD! CryptoQuant: Breaking through 100,000 USD is only a "matter of time", aiming for 147,000 in this round BTC breaks 97,000! CryptoQuant CEO: Current data is similar to the early stage of the 2020 BTC Bull Market Bearish on BTC! CryptoQuant CEO warns of "falling below 59,000 USD" by the end of the year, guessing the price to win 0.1 BTC (Changing logic of altcoin season? CryptoQuant CEO: No longer relying on BTC rotation, Stable Coin becomes the driver) This article was first published on BlockTempo, the most influential blockchain news media in the dynamic area.