Ethena Labs Founder Discusses Challenges and Opportunities in Altcoin Market

According to BlockBeats, Ethena Labs founder Guy Young expressed concerns on social media about the potential exhaustion of crypto-native capital, which may hinder altcoins from surpassing previous cycle peaks. He noted that the nominal market cap peaks of altcoins in the fourth quarters of 2021 and 2024 both stalled at approximately $1. 2 trillion, adjusted for inflation. Young questioned whether this represents the valuation ceiling for global retail capital in 99% of speculative projects source: https://www.binance.com/en/square/post/27415253052753?utm_source=BinanceNewsRSS