- CEO Joo Ki-Young stated that only strong altcoins will survive the competition.
- Bitcoin's market cap has doubled, but the altcoin market cap remains below its all-time high.
- The altcoin market appears to be circulating in a zero-sum situation without new capital inflow.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
A claim has emerged that only a strong few altcoins will survive in the future.
On the 9th (local time), Joo Ki-Young, CEO of CryptoQuant, stated, "The current altcoin market is a zero-sum PVP (Player VS Player) situation," and "Only a few altcoins with strong narratives and use cases will survive." He further explained, "While Bitcoin's market cap has doubled, the altcoin market cap remains below its all-time high (ATH)," adding, "The altcoin market is circulating internally without new capital inflow."
Meanwhile, zero-sum is a game theory term that refers to a situation where the total gains and losses among participants always sum to zero.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
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