A CryptoQuant analyst has identified three categories of altcoins with real long-term value.
The altcoin market is undergoing a fundamental transformation. While a project's success was once determined by a loud narrative and marketing, real business metrics, revenue, and integration into global financial trends are now taking center stage. The founder of the analytical platform CryptoQuant, Ki Young Ju, has presented his view on which altcoins can survive in the new reality.
Three Pillars of Viability
Ki Young Ju identified three categories of tokens that, in his opinion, retain meaning for long-term holding. The first group is global internet companies with a tokenized market layer. This refers to projects that generate real revenue and have strong execution. As examples, he cites BNB (Binance) and GRAM (TON/Telegram). These assets demonstrate resilience thanks to long-term commitments from their creators and access to traditional liquidity through exchange-traded funds.
The second category is revenue-generating DeFi services. These are decentralized platforms that generate stable income and consider the interests of token holders. This includes Hyperliquid and high-quality DEXs. Such projects can show significant growth if their founders are trustworthy and governance is built around community interests.
The third group is trend-driven financial projects. This includes infrastructure embedded in global trends, such as RWA (Real World Assets), stablecoins, and AI agents. According to the analyst, these areas will become the foundation for forming reliable crypto companies based on the current cycle.
Selling Pressure and Structural Shift
Data from CryptoQuant confirms a selective approach. Spot exchanges have recorded a record capital outflow from altcoins—net sales have been ongoing for 15 months. The cumulative difference in buy and sell volumes (excluding Bitcoin and Ethereum) has hit a historic low since 2020. This is not a temporary drawdown but a structural redistribution of capital.
Ki Young Ju emphasizes that 99.9% of altcoins should be rejected, but "most are garbage" does not equal "all are garbage." The market is gradually transitioning from chaotic "jazz improvisation" to strict classical music conducted by Wall Street. The implementation of regulation is slow but makes the industry larger and safer.
My comment: This analysis reflects the market's maturity. Investors are no longer willing to pay for promises—they demand proof in the form of revenue and real-world usage. Those who ignore this trend risk being left with assets that have no future.