'Dino' cryptos to soak up institutional funds bound for altcoins: Analyst
Cointelegraph
An analyst predicts institutional capital will concentrate on established 'dinosaur' altcoins with ETF potential during the next altcoin season.Summary
Maen Ftouni, CEO of CoinQuant, stated that older, more established cryptocurrencies, or "dinosaurs," which have or are expected to receive an Exchange-Traded Fund (ETF), will absorb the majority of institutional capital during the next altcoin season. Ftouni attributed the 2024 rally in coins like XRP and Cardano to this institutional flow from traditional finance seeking established assets with ETF potential. This prediction contrasts with other analysts, like Alex Kruger, who suggest that due to the massive supply of over 26 million tokens, a sustained "altseason" is unlikely in the current cycle; instead, traders should expect short, selective bursts of price increases affecting only certain tokens.
(Source：Cointelegraph)