CryptoQuant CEO: The altcoin market is in a zero-sum PvP game, only a few projects can survive

CryptoQuant CEO Ki Young Ju stated on his social media platform, "The altcoin market is currently in a zero-sum PvP (player versus player) game. Despite the doubling of Bitcoin's market value, the total market value of altcoins is still below its previous historical high point, just rotating within the market without new capital inflow. Only a few altcoins with strong application scenarios and narratives can survive."