• 34ºc, Sunny

CryptoQuant founder: The crypto industry is in crisis, counterfeit products have performed poorly this year, and there is no capital inflow

Ki Young Ju, founder of CryptoQuant, posted on the X platform that the crypto industry is in crisis. In the past, the crypto industry itself was like a game. Games abstracted the human happiness path and provided a happy experience similar to real life by triggering the release of dopamine. The performance of counterfeit products in 2024 was dismal. Money did not flow into the industry. If we do not create a new game to stimulate the dopamine of traders, the crypto industry will face long-term stagnation. Ki Young Ju said: "Some people are even building completely different ecosystems, so much so that they are classified as belonging to industries other than crypto. Where have all the builders who inspired us and explored new technologies gone? Why did they leave? I don't know. I want to ask Vitalik Buterin. "