[Lunch Briefing] Willie Wu: "Altcoin Expected Returns Should Be Lowered"

Major virtual assets are in a downward trend. As of 12:42 pm on the 28th, based on Bithumb, BTC rose 0.06% from the previous day to 946.39 million won. ETH fell 0.72% to 34.6 million won, BNB fell 0.06% to 820,000 won, SOL fell 0.65% to 245,100 won, and XRP fell 0.56% to 716 won. The international market is on an upward trend. At the same time, on CoinMarketCap, BTC recorded $67,745.52, up 0.99% from the previous day. ETH rose 0.46% to $2,486.91, BNB rose 0.64% to $588.25, SOL rose 2.18% to $175.48, and XRP rose 0.27% to $0.5128. The total market capitalization of virtual assets decreased by 0.43% from the previous day to about $2.29 trillion (about 3,176.39 trillion won). The Crypto Fear and Greed Index of alternative.me, a virtual asset data company, fell 2 points from the previous day to 72 points, indicating 'greed'. It was observed that the short-term expected return on investment of altcoins will be lower compared to the past. According to CoinTelegraph on the 27th (local time), virtual asset analyst Willie Wu predicted that as the altcoin market matures, the expected return on investment will also decrease. He said, "It will be difficult to expect the same level of returns as the 2017 altcoin bubble." However, Wu emphasized that this does not mean that the altcoin bull cycle will disappear, and said that "when BTC is in a bullish phase, risk-seeking investors will flock, and mid-to-low market cap coins can surge."