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Ki Young Ju, founder of cryptocurrency analytics firm CryptoQuant, shed light on the potential of some altcoins and suggested that regulatory hurdles are hindering their growth.
In a recent statement, he highlighted that some altcoins with real value have not seen significant price increases due to cautious revenue generation amid regulatory uncertainties.
Ju pointed to Uniswap (UNI) as an example, noting that if the platform’s fee switch was enabled, its treasury could have raised $314 million. There are currently $408 million worth of UNI tokens on centralized exchanges. Analysts argued that if Uniswap’s treasury were used for token buybacks, it could potentially increase prices by 10 to 100 times, depending on the depth of the order book. However, he clarified that this was not financial advice and that he does not hold UNI tokens.
Looking ahead, Ju predicted that if former President Donald Trump wins the upcoming US elections, regulatory changes could occur. These changes could enable fee swaps and allow token burning for revenue-generating projects, which could provide a boost for altcoins.
“Altcoins could surge if Trump wins, but for now they are all gambling in an unregulated space,” Ju said, drawing attention to altcoin projects affected by regulation.
*This is not investment advice.