According to Odaily, CryptoQuant CEO Ki Young Ju recently commented on the current state of the altcoin market. In a post on platform X, he described the market as a zero-sum player-versus-player (PvP) game. Despite Bitcoin's market capitalization having doubled, the total market cap of altcoins remains below previous historical highs. Ju noted that there is merely internal rotation within the market without any new capital inflow. He emphasized that only a few altcoins with strong application scenarios and narratives are likely to survive.

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