### Altcoin Market Zero-Sum Game#

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Overview

The altcoin market is currently in a zero-sum game stage, characterized by players competing with each other without any new capital inflows. Although Bitcoin's market cap has doubled, the total market cap of altcoins remains below its all-time high, merely rotating within the market. Only a few altcoins with strong use cases and narratives will survive, while others face the risk of being eliminated.

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Analysis

The altcoin market is currently in a zero-sum game stage, characterized by player-versus-player competition. Despite Bitcoin's market cap doubling, the total market cap of altcoins remains below its all-time high, indicating no new capital inflow. This means altcoins are merely vying for a limited pool of funds. In this scenario, only a handful of altcoins with strong use cases and narratives can survive. Other altcoins face the risk of being eliminated. This zero-sum game dynamic implies that the altcoin market will undergo a brutal selection process, ultimately leaving only the most valuable projects.

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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 similar to a player versus player (PvP) game, where projects compete against each other.

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