### Altcoin Market Zero-Sum Game#

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Hot Topic Overview

Overview

The altcoin market is currently in a zero-sum game, with projects competing against each other for limited funds. Despite Bitcoin's market cap doubling, the total market cap of altcoins remains below its all-time high, with no new money flowing in, only internal rotation. This means that only a few altcoins with strong use cases and narratives will survive, while others may face the risk of elimination.

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Analysis

The altcoin market is currently in a zero-sum game, meaning that the growth of some altcoins will come at the expense of others. Despite Bitcoin's market cap doubling, the total market cap of altcoins remains below its previous all-time high, indicating that there is no new money flowing into the altcoin market, and they are simply rotating within the market. In this scenario, only a handful of altcoins with strong use cases and narratives will be able to survive. This means that the altcoin market will face a brutal elimination contest, and only those projects that can prove their value and attract user engagement will ultimately succeed.

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Classic Views

The altcoin market is currently in a zero-sum game.

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There is no new capital flowing into the altcoin market, it is just rotating within the market.

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Only a few altcoins with strong use cases and narratives will survive.

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The altcoin market is a player-versus-player competitive environment.

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