On January 10th, CEO of CryptoQuant Ki Young Ju stated on his social media platform that "the altcoin market is currently engaged in a zero-sum PvP (player vs player) game. Despite Bitcoin's market value doubling, the total market value of altcoins is still below its previous historical high, only rotating within the market without new capital influx. Only a few altcoins with strong use cases and narratives can survive."
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CryptoQuant CEO: The altcoin market is in a zero-sum PvP game, and only a few projects can survive
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