Founder and CEO of CryptoQuant, Ki Young Ju, believes that a fresh influx of funds from retail investors is necessary to kick off the altcoin season. He shared this opinion with his followers.$XRP $SOL $DOGE

Ju noted that institutional investors have already invested in crypto funds and are unlikely to reallocate their assets from major cryptocurrencies like Bitcoin or Ethereum into altcoins.

In order for the market capitalization of altcoins to reach a new record, a significant influx of capital into cryptocurrency exchanges is required. The analyst emphasized that altcoins need to develop independent strategies to attract new capital.