KEY POINTS
- Glassnode's Check said more crypto holders are "increasingly unwilling" to swap their BTC and ETH for altcoins
- He said weak demand for ETH ETFs will further prove there is "no serious demand" for altcoins
- He also predicted that alternative digital currencies will ultimately struggle in the coming years
Altcoins, or crypto tokens often described as "alternatives" to Bitcoin, the world's first decentralized digital asset, may be nearing the end of their life, an industry expert predicted.
