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    CryptoQuant’s Ki Young Ju Suggests Altcoin Boom Needs More Retail Investors While Willy Woo Foresees Diminishing Altcoin Cycles

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    CryptoQuant’s Ki Young Ju believes an altcoin boom requires an influx of ordinary people investing, as institutional investors are focused on major cryptocurrencies like Bitcoin and Ethereum. Altcoins must create their own strategies to attract investment, rather than riding Bitcoin’s coattails. Meanwhile, trader Willy Woo has argued altcoin booms will lessen across market cycles. Despite this, interest in Ethereum and MicroStrategy implies that fear of missing out (FOMO) may be influencing retail investors to enter the crypto market.

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    CryptoQuant boss Ki Young Ju thinks that for an altcoin boom, more everyday people will need to throw their money into the ring. He argues that large-scale investors already have their money tied up elsewhere, and it’s unlikely they’ll switch gains from big name cryptocurrencies like Bitcoin or Ethereum to smaller altcoins.

    Ki Young Ju stresses that more money needs to flow into crypto exchanges for altcoins to hit fresh record highs. He adds, altcoins shouldn’t just ride on Bitcoin’s coattails, but rather develop their own game plans to bring in new money. Despite it all, Ju maintains he’s positive about the future of altcoins.

    That said, reigniting that fear of missing out (FOMO) among everyday people is crucial in bringing more fresh money to boost altcoin prices, especially those with a smaller market cap.

    Well-known trader, Willy Woo, has claimed that the intensity of altcoin booms will weaken with each market cycle. Woo told his social media followers that there will always be instances of mid and low-cap altcoins seeing a surge after Bitcoin does, as investors chase higher returns. However, he concluded that these altcoin booms will progressively be weaker than the gigantic one in 2017.

    There are, nevertheless, hints that everyday traders are already getting carried away by FOMO. For instance, there’s been an elevated market interest in Ethereum futures, leading to predictions of a positive run for the asset that could impact other cryptocurrencies as well. Additionally, small investors have reportedly poured approximately $100 million into MicroStrategy shares over the last week, viewing it as a means to effectively bet on Bitcoin.

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