Mon, September 16, 2024 at 20:01

• 

  Kang-hoon

  • Hello, Annie.

  • Today, I want to discuss a concerning development in the digital asset industry.

  • The CEO of CryptoQuant, Ki Young Ju, has expressed significant worries about the current state and direction of the industry.

  • 
• Annie

  • Oh, really?

  • What exactly are his concerns?🤔

  
• 

  Kang-hoon

  • Ju mentioned that the builders who used to create innovative products that traders loved have largely disappeared.

  • This is due to overzealous regulations, imprisonment, or simply making too much money and exiting the scene.

• Annie

  • That's quite alarming.

  • So, what are the remaining builders doing now?

  
• ADward

  • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

  
• 

  Kang-hoon

  • According to Ju, the remaining builders are either creating gambling products like meme coins or traditional financial products that are dull and time-consuming.

  • These products no longer provide fresh stimuli to traders.

• Annie

  • Wow, that sounds like a significant shift.😮 What does he think is the main issue here?

  
• 

  Kang-hoon

  • Ju believes that the crypto industry is failing to stimulate dopamine for both builders and traders.

  • Without this stimulation, the industry is likely to continue its dismal performance, especially for altcoins.

• Annie

  • Dopamine?

  • That's an interesting way to put it.

  • Can you elaborate on that?

  
• 

  Kang-hoon

  • Certainly.

  • Dopamine is a neurotransmitter that plays a major role in reward-motivated behavior.

  • Ju argues that the crypto industry needs to create new and exciting opportunities to keep both builders and traders engaged and motivated.

• Annie

  • I see.

  • So, without these new opportunities, the industry might stagnate?

  
• 

  Kang-hoon

  • Exactly.

  • Ju is genuinely concerned that if the industry does not find a way to stimulate dopamine, it will face a prolonged period of stagnation.

  • 

  • The current performance of altcoins in 2024 is already dismal, and money is not flowing into the market.

• Annie

  • That's quite a grim outlook.😟 What does he suggest as a solution?

  
• 

  Kang-hoon

  • Ju suggests that a new 'game' for traders must emerge.

  • This new game should be designed to stimulate dopamine and attract money back into the market.

  • Only then can the industry grow and recover.

• Annie

  • A new game, huh?

  • That sounds like a big challenge.

  • Do you think the industry can pull it off?

  
• 

  Kang-hoon

  • It's difficult to say.

  • The industry has shown resilience in the past, but the current challenges are significant.

  • The departure of key builders and the shift towards less innovative products are major hurdles.

• Annie

  • So, in your opinion, is this news good or bad for the market?

  
• 

  Kang-hoon

  • I would classify it as bad news.

  • The concerns raised by Ju highlight fundamental issues within the industry that could lead to prolonged stagnation.

  • Without addressing these issues, the market is unlikely to see significant growth in the near term.

• Annie

  • Thank you for the detailed explanation, Kang-hoon.

  • This gives me a lot to think about regarding my investments.😕

  
• 

  Kang-hoon

  • You're welcome, Annie.

  • It's always important to stay informed and consider all factors before making investment decisions.

  • Upon comprehensive consideration, this news is perceived as a 😱Bearish.