Dinocoins are making a comeback: K33
Dinocoins like XRP and ADA are getting more attention, and it’s not just because of President Trump
Akif CUBUK/Shutterstock modified by Blockworks
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An interesting dynamic is taking place in the market right now: Dinocoins are having a bit of a moment.
In a research note from K33, analysts looked at why institutions favor “older, more established coins over the new shiny things with no track record.”
“This, in turn, is causing more interest among retail investors and traders for the familiar ‘boomer’ or ‘dino’ coins.”
Some of this also comes from the fact that President Trump’s administration has changed the tide, and he’s effectively “given altcoins the institutional stamp of approval.”
“The typical (young) altcoin trader favors the latest trending DeFi token or the latest memecoin looking to cook a 100x run. In contrast, cautious long-term participants seek out what they perceive as safer bets,” the analysts wrote.
“The term “boomer” may be facetious, but it reflects how older, or at least more institutionally minded, investors are now firmly marking their territory in the crypto space. Such investors are more comfortable with assets that have weathered market cycles while being supported by entities that present in a professional manner.”
In fact, DOGE is included alongside coins like LTC, XRP and ADA, the analysts said. Though, let’s be fair: ADA and XRP have massive, heavily-focused (or obsessed depending on who you talk to) retail followings. That following is quite different from the institutions that are looking for altcoin exposure.
ADA, for example, has been dubbed a so-called Ethereum killer, but that narrative hasn’t quite played out. Though there are plenty of comments one could make about the state of Ethereum right now, so perhaps I’m speaking too soon.
Ironically, this also fits into what Dedic and Pomp said about founders: Folks are looking for coins that can survive the narratives.
Whether or not the use cases for some of these dinocoins have come to fruition, they’re still around and kicking and they’ve managed to gain a spotlight — not just a post from the president.
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