### Altcoin Market Zero-Sum Game#

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Hot Topic Overview

Overview

The altcoin market is currently in a zero-sum game stage, characterized by competition among players without new capital inflows. This has resulted in the total market capitalization of altcoins remaining below its historical high, with only internal rotation within the market. In this scenario, only a few altcoins with strong use cases and narratives can survive, while others face the risk of being eliminated.

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Analysis

The altcoin market is currently in a zero-sum game, meaning that funds are flowing between different altcoins without any new money coming in. Although Bitcoin's market cap has doubled, the total market cap of altcoins is still below its previous all-time high, indicating that altcoins are simply vying for a limited pool of funds. In this scenario, only a handful of altcoins with strong use cases and narratives are likely to survive. Other altcoins may face the risk of being eliminated. The nature of this zero-sum game implies intense competition in the altcoin market, requiring investors to carefully select their investment targets and pay attention to the actual applications and development prospects of 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 internally.

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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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