Web3 crypto investor Jason Kam spoke to Asian journalist Colin Wu in a Spaces conversation on X, where both discussed the state of altcoins, what to expect this year and the next and the “optimism” or sentiment among market participants this cycle.
Web3 investor Jason Kam, founder of Folius Ventures shares his thoughts on the ongoing cycle, state of altcoins and investments. In a Spaces talk on X, Kam spoke to Asian Journalist Colin Wu and said he is not optimistic about the cycle. Altcoin Season Index shows that Bitcoin outperformed a majority of alts in the last 90 days. Bitcoin price performance in the last 90 days leads when compared to top 50 altcoins ranked by market capitalization.
Jason 这篇文章对目前山寨币的困境分析得非常透彻。吴说周日荐读板块，一般会选择我个人认为最有信息量的文章，强烈推荐。 真正能捕获长期价值的项目数量并没有显著增加，但想上交易所、发币、套现的项目却激增了 10 倍、100 倍甚至 1000 倍。未来 6 到 12 个月内，50 到 200 个项目估值超过 5… — Colin Wu September 29, 2024 Altcoins continue to suffer significant drawdowns from their cycle tops, while Bitcoin holds steady above key psychological support at $65,000. Less than 40% of the top 50 altcoins have outperformed the largest cryptocurrency in the last 90 days, per data from the Altcoin Season Index.
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